Landstar System (NASDAQ:LSTR) Earns Hold Rating from Benchmark

Landstar System (NASDAQ:LSTR - Get Free Report)'s stock had its "hold" rating reaffirmed by investment analysts at Benchmark in a report issued on Monday,Benzinga reports.

LSTR has been the topic of several other reports. Stifel Nicolaus increased their target price on shares of Landstar System from $164.00 to $169.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. TD Cowen cut their price target on Landstar System from $161.00 to $145.00 and set a "hold" rating on the stock in a report on Thursday, April 3rd. JPMorgan Chase & Co. lowered their target price on Landstar System from $177.00 to $147.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. 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 report on Monday, April 7th. Finally, Jefferies Financial Group decreased their target price on Landstar System from $170.00 to $150.00 and set a "hold" rating for the company in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $156.92.

Landstar System Trading Up 2.6 %

Shares of NASDAQ LSTR traded up $3.54 during midday trading on Monday, reaching $137.82. The stock had a trading volume of 421,846 shares, compared to its average volume of 282,803. The company's 50 day moving average price is $149.63 and its 200 day moving average price is $168.61. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96. Landstar System has a twelve month low of $128.99 and a twelve month high of $196.86. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 24.97 and a beta of 0.88.

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

Hedge Funds Weigh In On Landstar System

Several institutional investors and hedge funds have recently made changes to their positions in the business. MML Investors Services LLC increased its stake in Landstar System by 17.7% in the 3rd quarter. MML Investors Services LLC now owns 3,551 shares of the transportation company's stock worth $671,000 after purchasing an additional 534 shares during the period. Geode Capital Management LLC raised its holdings in Landstar System by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 813,546 shares of the transportation company's stock valued at $153,685,000 after buying an additional 39,223 shares during the last quarter. TD Private Client Wealth LLC boosted its position in Landstar System by 27.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company's stock valued at $137,000 after buying an additional 158 shares during the period. Sanctuary Advisors LLC grew its holdings in Landstar System by 24.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 6,655 shares of the transportation company's stock worth $1,203,000 after acquiring an additional 1,319 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new position in shares of Landstar System in the third quarter valued at about $4,036,000. Institutional investors own 97.95% of the company's stock.

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.