Susquehanna Cuts Landstar System (NASDAQ:LSTR) Price Target to $120.00

Landstar System (NASDAQ:LSTR - Get Free Report) had its price objective decreased by research analysts at Susquehanna from $130.00 to $120.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the transportation company's stock. Susquehanna's price target would suggest a potential downside of 14.30% from the stock's current price.

A number of other research analysts have also recently weighed in on the company. Benchmark restated a "hold" rating on shares of Landstar System in a research report on Thursday, April 3rd. Stifel Nicolaus raised their price target on Landstar System from $164.00 to $169.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price objective 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. Truist Financial decreased their price objective on Landstar System from $160.00 to $150.00 and set a "hold" rating on the stock in a research note on Thursday, April 3rd. Finally, TD Cowen cut their price target on Landstar System from $161.00 to $145.00 and set a "hold" rating for the company in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company. According to MarketBeat, Landstar System has a consensus rating of "Hold" and a consensus target price of $158.75.

Landstar System Price Performance

LSTR stock traded up $1.16 on Monday, reaching $140.03. 468,165 shares of the company's stock were exchanged, compared to its average volume of 281,737. The stock has a fifty day moving average of $151.93 and a 200-day moving average of $170.18. The firm has a market cap of $4.89 billion, a PE ratio of 25.37 and a beta of 0.88. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. Landstar System has a twelve month low of $128.99 and a twelve month high of $196.86.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted 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, equities analysts predict that Landstar System will post 6.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of LSTR. Impact Capital Partners LLC lifted its position in shares of Landstar System by 9.0% during the first quarter. Impact Capital Partners LLC now owns 4,510 shares of the transportation company's stock worth $677,000 after purchasing an additional 372 shares in the last quarter. Reinhart Partners LLC. acquired a new position in Landstar System in the 1st quarter worth $42,887,000. American National Bank & Trust purchased a new position in Landstar System in the 1st quarter valued at about $349,000. Legacy Wealth Asset Management LLC acquired a new stake in shares of Landstar System during the first quarter valued at about $239,000. Finally, GAMMA Investing LLC increased its position in shares of Landstar System by 13,120.0% during the first quarter. GAMMA Investing LLC now owns 67,290 shares of the transportation company's stock worth $10,107,000 after acquiring an additional 66,781 shares during the last quarter. Institutional investors and hedge funds own 97.95% of the company's stock.

About Landstar System

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.