Landstar System (LSTR)

• Market cap: $6.27B
• 1 day: 1.87%
• 5 days: 5.50%
• 1 month: 1.71%
• 3 months: -3.40%
• 6 months: -4.50%
• Year to date: 4.22%
• 1 year: -10.63%
• 5 years: 53.75%
• 10 years: 176.42%
• Sector: Industrials
• Industry: Trucking, Except Local

About: Landstar System is an agent based asset-light third-party logistics provider focused on domestic truck brokerage (90% of revenue). Historically, around half of its truck transportation freight is hauled by leased owner-operators with the remainder hauled by third-party broker-carriers. To a smaller degree, it offers intermodal, global air and ocean forwarding, and warehousing services. Landstar also runs a small business that offers insurance programs to captive owner-operators. It has a long history of industry-leading execution and operating profitability.

Employees: 1,468

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

20% more first-time investments, than exits

New positions opened: 53 | Existing positions closed: 44

0% more funds holding

Funds holding: 461 [Q2] → 463 (+2) [Q3]

8% less repeat investments, than reductions

Existing positions increased: 157 | Existing positions reduced: 171

8% less capital invested

Capital invested by funds: $7.18B [Q2] → $6.6B (-$581M) [Q3]

10.28% less ownership

Funds ownership: 108.81% [Q2] → 98.53% (-10.28%) [Q3]

53% less call options, than puts

Call options by funds: $3.62M | Put options by funds: $7.78M

100% less funds holding in top 10

Funds holding in top 10: 1 [Q2] → 0 (-1) [Q3]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $160 10% downside
• Avg. target: $175 2% downside
• High target: $188 6% upside

6 analyst ratings

• positive: 0 0%
• neutral: 6 100%
• negative: 0 0%

Susquehanna Bascome Majors 59% 1-year accuracy 26 / 44 met price target	10% downside $160	Neutral Maintained	1 Nov 2024
TD Cowen Jason Seidl 60% 1-year accuracy 25 / 42 met price target	2% downside $174	Hold Maintained	30 Oct 2024
Stephens & Co. Jack Atkins 67% 1-year accuracy 4 / 6 met price target	1% upside $180	Equal-Weight Maintained	30 Oct 2024
JP Morgan Brian Ossenbeck 47% 1-year accuracy 17 / 36 met price target	6% upside $188	Neutral Maintained	30 Oct 2024
Evercore ISI Group Jonathan Chappell 31% 1-year accuracy 9 / 29 met price target	10% downside $160	In-Line Maintained	30 Oct 2024