Landstar System, Inc. (NASDAQ:LSTR) Short Interest Down 19.5% in March

Landstar System, Inc. (NASDAQ:LSTR - Get Free Report) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 981,900 shares, a decline of 19.5% from the March 15th total of 1,220,000 shares. Approximately 2.8% of the shares of the company are sold short. Based on an average trading volume of 355,100 shares, the days-to-cover ratio is presently 2.8 days.

Analysts Set New Price Targets

A number of research firms have commented on LSTR. Susquehanna reduced their price objective on shares of Landstar System from $130.00 to $120.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Truist Financial cut their price objective on shares of Landstar System from $160.00 to $150.00 and set a "hold" rating for the company in a research report on Thursday, April 3rd. Benchmark reaffirmed a "hold" rating on shares of Landstar System in a research report on Monday, April 14th. JPMorgan Chase & Co. dropped their price target on Landstar System from $177.00 to $147.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Finally, TD Cowen decreased their price objective on Landstar System from $161.00 to $145.00 and set a "hold" rating on the stock in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $156.92.

Institutional Trading of Landstar System

Large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC grew its holdings in shares of Landstar System by 22.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,077 shares of the transportation company's stock valued at $2,935,000 after purchasing an additional 3,150 shares during the last quarter. Pictet Asset Management Holding SA boosted its position in Landstar System by 14.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,392 shares of the transportation company's stock valued at $927,000 after buying an additional 665 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Landstar System by 28.1% during the third quarter. Franklin Resources Inc. now owns 58,177 shares of the transportation company's stock worth $11,000,000 after buying an additional 12,756 shares during the last quarter. Boston Trust Walden Corp grew its stake in shares of Landstar System by 21.1% during the fourth quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company's stock worth $47,695,000 after buying an additional 48,312 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Landstar System by 11.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,935 shares of the transportation company's stock worth $504,000 after buying an additional 300 shares in the last quarter. 97.95% of the stock is owned by institutional investors and hedge funds.

Landstar System Price Performance

LSTR stock traded up $0.89 during mid-day trading on Wednesday, hitting $138.27. The stock had a trading volume of 455,149 shares, compared to its average volume of 283,940. The firm has a fifty day simple moving average of $148.23 and a 200 day simple moving average of $167.70. Landstar System has a 52 week low of $128.99 and a 52 week high of $196.86. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $4.83 billion, a P/E ratio of 25.05 and a beta of 0.88.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. As a group, research analysts forecast that Landstar System will post 6.1 EPS for the current year.

Landstar System Company Profile

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics and less-than-truckload services.