Landstar System (NASDAQ:LSTR) Price Target Cut to $147.00 by Analysts at Stifel Nicolaus

Landstar System (NASDAQ:LSTR - Get Free Report) had its price target dropped by Stifel Nicolaus from $162.00 to $147.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a "hold" rating on the transportation company's stock. Stifel Nicolaus' target price indicates a potential upside of 6.66% from the company's current price.

LSTR has been the subject of several other research reports. JPMorgan Chase & Co. reduced their price objective on shares of Landstar System from $177.00 to $147.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Benchmark restated a "hold" rating on shares of Landstar System in a report on Monday, April 14th. 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 research note 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 on the stock in a research note on Monday, April 7th. Finally, Truist Financial dropped their target price on shares of Landstar System from $160.00 to $150.00 and set a "hold" rating on the stock in a report on Thursday, April 3rd. One analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $156.92.

Landstar System Trading Up 2.6 %

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

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its 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 net margin of 4.07% and a return on equity of 19.56%. As a group, equities research analysts predict that Landstar System will post 6.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Landstar System

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Landstar System by 16.1% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,764,603 shares of the transportation company's stock valued at $646,985,000 after acquiring an additional 521,695 shares during the period. Victory Capital Management Inc. boosted its stake in Landstar System by 0.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,621,511 shares of the transportation company's stock valued at $278,673,000 after buying an additional 11,146 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Landstar System by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 817,938 shares of the transportation company's stock valued at $140,602,000 after purchasing an additional 4,392 shares during the last quarter. Northern Trust Corp lifted its stake in Landstar System by 15.6% in the 4th quarter. Northern Trust Corp now owns 672,779 shares of the transportation company's stock valued at $115,624,000 after purchasing an additional 90,672 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Landstar System by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 617,835 shares of the transportation company's stock valued at $106,184,000 after acquiring an additional 9,190 shares during the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

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.