Landstar System (NASDAQ:LSTR) Receives "Hold" Rating from Benchmark

Landstar System (NASDAQ:LSTR - Get Free Report)'s stock had its "hold" rating reissued by investment analysts at Benchmark in a research note issued to investors on Thursday,Benzinga reports.

LSTR has been the topic of a number of other research reports. TD Cowen lowered their target price on Landstar System from $161.00 to $145.00 and set a "hold" rating on the stock in a report on Thursday. Stifel Nicolaus boosted their target price on shares of Landstar System from $164.00 to $169.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Susquehanna reduced their price target on shares of Landstar System from $150.00 to $130.00 and set a "neutral" rating for the company in a report on Wednesday, March 26th. 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. Finally, JPMorgan Chase & Co. decreased their target price on Landstar System from $184.00 to $177.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $159.55.

Landstar System Stock Down 1.6 %

Shares of NASDAQ LSTR traded down $2.19 during mid-day trading on Thursday, reaching $134.45. 455,148 shares of the company traded hands, compared to its average volume of 279,119. The stock has a market cap of $4.75 billion, a PE ratio of 24.36 and a beta of 0.88. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96. The company's fifty day moving average is $156.41 and its two-hundred day moving average is $172.27. Landstar System has a fifty-two week low of $130.22 and a fifty-two week high of $196.86.

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Landstar System (NASDAQ:LSTR - Get Free Report) last posted its earnings results 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%. On average, analysts expect that Landstar System will post 6.1 earnings per share for the current year.

Institutional Trading of Landstar System

Several large investors have recently added to or reduced their stakes in the company. Roberts Wealth Advisors LLC grew its position in Landstar System by 1.3% during the 4th quarter. Roberts Wealth Advisors LLC now owns 4,616 shares of the transportation company's stock worth $818,000 after acquiring an additional 60 shares during the last quarter. Colonial Trust Co SC increased its stake in shares of Landstar System by 61.7% in the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company's stock valued at $32,000 after buying an additional 71 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Landstar System by 3.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,014 shares of the transportation company's stock valued at $518,000 after buying an additional 94 shares during the last quarter. Huntington National Bank lifted its position in Landstar System by 12.2% during the 4th quarter. Huntington National Bank now owns 1,037 shares of the transportation company's stock worth $178,000 after buying an additional 113 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in Landstar System by 1.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 8,865 shares of the transportation company's stock valued at $1,524,000 after acquiring an additional 114 shares in the last quarter. 97.95% of the stock is owned by institutional investors.

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.