Keeping an Eye on Landstar System Inc. (LSTR) After Insider Trading Activity


Landstar System Inc.’s recently made public that its VP, CSO, COO Beacom Joseph J unloaded Company’s shares for reported $2.02 million on Aug 01. In the deal valued at $202.23 per share,10,000 shares were sold. As a result of this transaction, Beacom Joseph J now holds 20,000 shares worth roughly $ 3.9 million.

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Then, Gattoni James B sold 22,500 shares, generating $3,958,900 in total proceeds. Upon selling the shares at $175.95, the President & CEO now owns 68,125 shares.

Before that, Beacom Joseph J sold 7,000 shares. Landstar System Inc. shares valued at $1,280,587 were divested by the VP, CSO, COO at a price of $182.94 per share. As a result of the transaction, Beacom Joseph J now holds 17,578 shares, worth roughly $3.42 million.

UBS initiated its Landstar System Inc. [LSTR] rating to a Neutral in a research note published on Friday, August 17, 2023; the price target was $209. PT values the company’s stock at a premium of 6.82 to its Friday closing price.

Price Performance Review of LSTR

On Friday, Landstar System Inc. [NASDAQ:LSTR] saw its stock jump 2.60% to $194.75. On the same session, the stock had its day’s lowest price of $190.59, but rose to a high of $194.879. Over the last five days, the stock has gained 4.17%. Landstar System Inc. shares have risen nearly 21.01% since the year began. Nevertheless, the stocks have risen 34.44% over the past one year. While a 52-week high of $208.62 was reached on 07/26/23, a 52-week low of $135.85 was recorded on 01/05/23. SMA at 50 days reached $195.19, while 200 days put it at $180.56. A total of 0.22 million shares were traded, compared to the trading of 0.18 million shares in the previous session.

Levels Of Support And Resistance For LSTR Stock

The 24-hour chart illustrates a support level at 191.93, which if violated will result in even more drops to 189.12. On the upside, there is a resistance level at 196.22. A further resistance level may holdings at 197.70. The Relative Strength Index (RSI) on the 14-day chart is 54.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.80%. Stochastics %K at 57.16% indicates the stock is a holding.

How much short interest is there in Landstar System Inc.?

A steep rise in short interest was recorded in Landstar System Inc. stocks on Aug 14, 2023, dropping by 70000.0 shares to a total of 1.59 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.66 million shares. There was a decline of -4.4%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.46% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.91.

Landstar System Inc. [LSTR] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 3,380,591 shares, or roughly 9.41% of the outstanding LSTR shares. In other words, the investor’s shares have fallen by -68,219 from its previous 13-F filing of 3448810.0. Additionally, Kayne Anderson Rudnick Investment decreased -2.16% of its stake after which the total value it holdings stand at $652,056,627, while BlackRock Fund Advisors reduced -0.92% of its stake to hold $610.49 million in the firm. Over the last quarter, Atlanta Capital Management Co. LL sold -15,094 shares of Landstar System Inc., while Boston Partners Global Investors, sold -47,710 shares. At present, Victory Capital Management, Inc. is holding 1,549,559 shares valued at $315.47 million. T. Rowe Price Investment Manageme owned 1,174,182 shares of the company at the time of its most recent 13F filing, worth $239.05 million.

According to FactSet, Landstar System Inc.’s share price will average $192.38 in the next year, based on opinions of analysts polled by the firm. This is up nearly 3.26 percent from its previous closing price of $189.81. Analysts expect Landstar System Inc. stock to reach the higher price of $215.00, while the lowest price estimate is $150.00. However, 16 analysts have rated LSTR stock as a Hold in their predictions for 2023.


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