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

Landstar System (NASDAQ:LSTR) had its target price reduced by research analysts at Susquehanna from $150.00 to $130.00 in a research report issued to clients and investors on Wednesday, Marketbeat reports. The firm presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective suggests a potential downside of 12.59% from the stock’s previous close.

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

Landstar System Price Performance

LSTR stock opened at $148.73 on Wednesday. Landstar System has a 1 year low of $144.13 and a 1 year high of $196.86. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. The firm has a market capitalization of $5.25 billion, a PE ratio of 26.94 and a beta of 0.82. The business has a 50 day simple moving average of $159.96 and a 200-day simple moving average of $173.93.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (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 anticipate that Landstar System will post 6.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Landstar System

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LSTR. Verition Fund Management LLC boosted its holdings 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 purchasing an additional 12,931 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted 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 buying an additional 2,973 shares during the period. FMR LLC boosted its stake 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 valued at $30,639,000 after buying an additional 12,894 shares during the period. State Street Corp grew its position in shares of Landstar System by 1.4% during the third quarter. State Street Corp now owns 1,117,857 shares of the transportation company’s stock worth $211,130,000 after buying an additional 15,328 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Landstar System by 22.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 17,077 shares of the transportation company’s stock worth $2,935,000 after buying an additional 3,150 shares during the period. Hedge funds and other 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.