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Landstar System Inc. (LSTR) Chairman,President & CEO Henry H Gerkens sells 11,856 Shares

April 21, 2010 | About: LSTR +0%
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Chairman,President & CEO of Landstar System Inc. (LSTR) Henry H Gerkens sells 11,856 shares of LSTR on 04/19/2010 at an average price of $44.58 a share.

Landstar System Inc. has a market cap of $2.21 billion; its shares were traded at around $44 with a P/E ratio of 29.9 and P/S ratio of 1.1. The dividend yield of Landstar System Inc. stocks is 0.4%. Landstar System Inc. had an annual average earning growth of 11.8% over the past 10 years.

LSTR is in the portfolios of Chuck Royce of Royce& Associates, Ron Baron of Baron Funds, RS Investment Management, Jim Simons of Renaissance Technologies LLC.


This is the insider trade history vs. stock price of LSTR. For the complete insider trading history of LSTR, click here.




Directors and Officers Recent Trades:


  • Sell:: VP, Chief Safety Officer Joseph J Beacom sold 2,900 shares of LSTR stock on 03/11/2010 at the average price of 40, the price of the stock has increased by 10% since.

  • Sell:: Director Diana M Murphy sold 1,790 shares of LSTR stock on 02/04/2010 at the average price of 36.01, the price of the stock has increased by 22.19% since.

  • Sell:: Director Diana M Murphy sold 8,210 shares of LSTR stock on 02/04/2010 at the average price of 35.74, the price of the stock has increased by 23.11% since.

  • Sell:: Director Diana M Murphy sold 25,000 shares of LSTR stock on 02/03/2010 at the average price of 36.24, the price of the stock has increased by 21.41% since.


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


Rating: 3.8/5 (4 votes)

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