NEW YORK (

TheStreet

) --

Landstar System

(Nasdaq:

LSTR

) hit a new 52-week high Tuesday as it is currently trading at $49.69, above its previous 52-week high of $49.66 with 29,495 shares traded as of 10:44 a.m. ET. Average volume has been 281,200 shares over the past 30 days.

Landstar System has a market cap of $2.32 billion and is part of the

services

sector and

transportation

industry. Shares are up 2.9% year to date as of the close of trading on Monday.

Landstar System, Inc. operates as a non-asset based provider of freight transportation services and supply chain solutions. It operates in two segments, Transportation Logistics and Insurance. The company has a P/E ratio of 22.7, above the average transportation industry P/E ratio of 22.6 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Landstar System as a

buy

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Landstar System Ratings Report

.

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