Landstar System Inc Vice President - CIO Ricardo Coro Sells 5,000 Shares
Ricardo Coro, Vice President - CIO of Landstar System Inc (NASDAQ:LSTR), executed a sale of 5,000 shares in the company on February 5, 2024, according to a recent SEC Filing. The transaction was carried out at an average price of $190.56 per share, resulting in a total value of $952,800.
Landstar System Inc is a transportation services company specializing in logistics and more specifically third-party logistics. Landstar provides services primarily throughout the United States and to a lesser extent in Canada and between the U.S. and other countries. The company operates through a unique network of independent commission sales agents and third-party transportation capacity providers.
Over the past year, the insider has sold a total of 8,000 shares of Landstar System Inc and has not made any purchase of shares. The recent sale by the insider is part of a trend observed over the past year, where there have been no insider buys but a total of 5 insider sells.
On the date of the insider's recent transaction, shares of Landstar System Inc were trading at $190.56, giving the company a market capitalization of $6.917 billion. The price-earnings ratio of the company stood at 26.35, which is above the industry median of 13.415 and also higher than the company's historical median price-earnings ratio.
The stock's price of $190.56 compared to the GuruFocus Value (GF Value) of $158.56 indicates that Landstar System Inc has a price-to-GF-Value ratio of 1.2, suggesting that the stock is modestly overvalued.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
