The VP, CSO, COO of Landstar System Inc is Exercising Options


Today it was reported that the VP, CSO, COO of Landstar System Inc (NASDAQ: LSTR), Joseph Beacom, exercised options to sell 3,000 LSTR shares at $51.99 a share, for a total transaction value of $358.5K.

Following Joseph Beacom’s last LSTR Sell transaction on June 05, 2017, the stock climbed by 39.9%.

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Based on Landstar System Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.18 billion and quarterly net profit of $62.52 million. In comparison, last year the company earned revenue of $870 million and had a net profit of $37.51 million. LSTR’s market cap is $5.04B and the company has a P/E ratio of 22.60. Currently, Landstar System Inc has an average volume of 335.9K.

Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $123.33, reflecting a 0.6% upside.

Joseph Beacom’s trades have generated a -14.0% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Landstar System, Inc.engages in the provision of transportation management solutions. It operates through the Transportation Logistics and Insurance segments.

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