Truist Financial Cuts Landstar System (NASDAQ:LSTR) Price Target to $150.00

Landstar System (NASDAQ:LSTR - Get Free Report) had its price objective reduced by investment analysts at Truist Financial from $160.00 to $150.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a "hold" rating on the transportation company's stock. Truist Financial's price target suggests a potential upside of 11.57% from the company's current price.

LSTR has been the topic of several other reports. TD Cowen cut their price objective on Landstar System from $161.00 to $145.00 and set a "hold" rating on the stock in a research report on Thursday. Susquehanna dropped their price target on Landstar System from $150.00 to $130.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 26th. JPMorgan Chase & Co. reduced their price target on Landstar System from $184.00 to $177.00 and set a "neutral" rating on the stock in a research note on Thursday, January 30th. Benchmark reissued a "hold" rating on shares of Landstar System in a research report on Friday, January 31st. Finally, Stifel Nicolaus upped 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. One research analyst has rated the stock with a sell rating and twelve have given a hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $159.55.

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Landstar System Price Performance

Shares of Landstar System stock traded down $2.19 during trading on Thursday, hitting $134.45. The stock had a trading volume of 455,148 shares, compared to its average volume of 279,119. The business's 50-day moving average is $156.41 and its 200 day moving average is $172.27. Landstar System has a 12 month low of $130.22 and a 12 month high of $196.86. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 24.36 and a beta of 0.88. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 EPS 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 anticipate that Landstar System will post 6.1 earnings per share for the current year.

Institutional Inflows and Outflows

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