<div id="readability-page-1"><p>Landstar System (NASDAQ:LSTR - Get Free Report) announced that its board has initiated a stock buyback program on Tuesday, April 28th, RTT News reports. The company plans to repurchase 1,115,195,000,000 outstanding  shares. This repurchase authorization permits the transportation company to repurchase up to 3.3% of its stock  through open market purchases. Stock  repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.</p><div><p><span></span><span>Get <strong>Landstar System</strong> alerts:</span></p></div><h2>Wall Street Analyst Weigh In</h2><ul><li>Is Landstar the Next Big Winner in Transportation Stocks?</li></ul><p>Several analysts have issued reports on LSTR shares. Weiss Ratings cut shares of Landstar System from a &#34;hold (c-)&#34; rating to a &#34;sell (d+)&#34; rating in a research note on Tuesday, April 14th. Robert W. Baird  set a $164.00 price objective on shares of Landstar System in a research report on Friday, January 30th. Evercore raised their price objective on shares of Landstar System from $125.00 to $151.00 and gave the company an &#34;in-line&#34; rating in a research report on Monday, January 12th. Wells Fargo &amp; Company upgraded shares of Landstar System from an &#34;equal weight&#34; rating to an &#34;overweight&#34; rating and raised their price objective for the company from $145.00 to $170.00 in a research report on Tuesday, January 6th. Finally, Benchmark  restated a &#34;hold&#34; rating on shares of Landstar System in a research report on Thursday, January 29th. One research analyst  has rated the stock with a Strong Buy rating, one  has given a Buy rating, eleven have assigned  a Hold rating and one  has given a Sell rating to the company. According to MarketBeat.com, the company  has a consensus rating of &#34;Hold&#34; and a consensus target price of $155.55.</p><p><b>Read Our Latest Report on LSTR</b></p><h2>Landstar System Price Performance</h2><ul><li>Forget Tariffs, Landstar and West Fraser Can Still Rally </li></ul><p>Shares of Landstar System stock traded up $2.28 on Tuesday, hitting $182.41. 596,569 shares of the company traded hands, compared to its average volume of 378,241. The firm's 50-day simple moving average is $160.58 and its 200 day simple moving average is $147.67. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. The company has a market cap of $6.20 billion, a P/E ratio of 55.11 and a beta of 0.80. Landstar System has a 12-month low of $119.32 and a 12-month high of $182.78. </p><p>Landstar System (NASDAQ:LSTR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.06. The firm had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.15 billion. Landstar System had a net margin of 2.42% and a return on equity of 17.68%. The business's quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company posted $0.95 EPS.  Analysts expect that  Landstar System will post 5.44 earnings per share for the current fiscal year. </p><h2>Landstar System Company Profile</h2> Get Free Report)<ul><li>Landstar Systems Stock Can Bottom Down Here </li></ul><p>Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar's proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.  </p><p>Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Landstar System</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Landstar System Right Now?</h2><p>Before you consider Landstar System, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Landstar System wasn't on the list.</p><p>While Landstar System currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

LSTR

<p>Landstar System (NASDAQ:LSTR) has announced a stock repurchase plan to buy back 1,115,195,000 shares, representing 3.3% of its stock. This decision indicates the board's belief that the stock is undervalued. Analysts have mixed opinions on LSTR, with ratings ranging from Strong Buy to Sell. The stock recently traded at $182.41, with a market cap of $6.20 billion and a P/E ratio of 55.11. The company reported earnings of $1.16 per share, exceeding estimates, and revenue of $1.17 billion for the quarter, reflecting a 1.6% year-over-year increase.</p>

Landstar System (NASDAQ:LSTR) to Repurchase 1,115,195,000,000 Outstanding Stock