Landstar System (NASDAQ:LSTR) Price Target Lowered to $130.00 at Susquehanna

Landstar System (NASDAQ:LSTR - Get Free Report) had its price target dropped by Susquehanna from $150.00 to $130.00 in a report issued on Wednesday, MarketBeat reports. The brokerage presently has a "neutral" rating on the transportation company's stock. Susquehanna's target price points to a potential downside of 11.79% from the company's current price.

LSTR has been the subject of a number of other research reports. Truist Financial began coverage on Landstar System in a report on Thursday, March 13th. They set a "hold" rating and a $160.00 target price for the company. JPMorgan Chase & Co. lowered their target price on shares of Landstar System from $184.00 to $177.00 and set a "neutral" rating on the stock in a research note on Thursday, January 30th. Stifel Nicolaus increased their target price on shares of Landstar System from $164.00 to $169.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Finally, Benchmark reaffirmed a "hold" rating on shares of Landstar System in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating and twelve have given a hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $166.73.

Landstar System Stock Performance

NASDAQ LSTR traded down $1.36 on Wednesday, reaching $147.37. 325,523 shares of the company's stock traded hands, compared to its average volume of 274,185. Landstar System has a fifty-two week low of $144.13 and a fifty-two week high of $196.86. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of 26.70 and a beta of 0.82. The stock has a 50 day moving average price of $159.43 and a 200-day moving average price of $173.63. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96.

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

Hedge Funds Weigh In On Landstar System

A number of hedge funds have recently modified their holdings of the business. Verition Fund Management LLC lifted its position in Landstar System by 28.1% in the third quarter. Verition Fund Management LLC now owns 59,005 shares of the transportation company's stock valued at $11,144,000 after buying an additional 12,931 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Landstar System by 419.3% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,682 shares of the transportation company's stock valued at $695,000 after acquiring an additional 2,973 shares during the period. FMR LLC lifted its holdings in shares of Landstar System by 8.6% in the 3rd quarter. FMR LLC now owns 162,222 shares of the transportation company's stock worth $30,639,000 after acquiring an additional 12,894 shares during the last quarter. State Street Corp boosted its position in shares of Landstar System by 1.4% during the 3rd quarter. State Street Corp now owns 1,117,857 shares of the transportation company's stock worth $211,130,000 after purchasing an additional 15,328 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in Landstar System by 22.6% in 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. 97.95% of the stock is currently owned by hedge funds and other 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.