On November 4, 2024, David Bannister, Director at Landstar System Inc (LSTR, Financial), executed a sale of 10,000 shares of the company. The transaction was filed on the same day through an SEC Filing. Following this transaction, the insider now owns 24,645 shares of Landstar System Inc.
Landstar System Inc operates as a worldwide, asset-light provider of integrated transportation management solutions. The company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to entire supply chain management solutions.
Over the past year, the insider has sold a total of 10,000 shares and has not purchased any shares. This recent sale is part of a broader trend observed over the past year at Landstar System Inc, where there have been three insider sells and no insider buys.
Shares of Landstar System Inc were trading at $176.68 on the day of the sale. The company has a market cap of approximately $6.39 billion. The price-earnings ratio of the company stands at 31.01, which is higher than both the industry median of 14.32 and the company's historical median.
According to the GF Value, the intrinsic value of Landstar System Inc is estimated at $137.17 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 1.29.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This insider sale might interest investors tracking insider behaviors, especially in the context of the company's valuation metrics and stock performance.
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.
