TD Cowen Lowers Landstar System (NASDAQ:LSTR) Price Target to $174.00

Landstar System (NASDAQ:LSTR) had its target price reduced by research analysts at TD Cowen from $176.00 to $174.00 in a research report issued on Wednesday, Marketbeat reports. The firm currently has a “hold” rating on the transportation company’s stock. TD Cowen’s target price points to a potential downside of 1.01% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Susquehanna increased their target price on shares of Landstar System from $160.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Evercore ISI reduced their target price on shares of Landstar System from $167.00 to $165.00 and set an “in-line” rating for the company in a research report on Thursday, October 3rd. JPMorgan Chase & Co. increased their target price on shares of Landstar System from $182.00 to $188.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Wolfe Research downgraded shares of Landstar System from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 11th. Finally, Raymond James cut their price objective on shares of Landstar System from $205.00 to $195.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Landstar System presently has a consensus rating of “Hold” and a consensus price target of $174.67.

Landstar System Trading Down 0.7 %

NASDAQ:LSTR opened at $175.77 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.17 and a current ratio of 2.17. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 30.15 and a beta of 0.80. Landstar System has a 52 week low of $163.37 and a 52 week high of $201.40. The firm has a 50-day moving average price of $183.40 and a two-hundred day moving average price of $182.40.

Landstar System (NASDAQ:LSTR) last released its earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.05). Landstar System had a net margin of 4.49% and a return on equity of 21.69%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the company earned $1.71 earnings per share. The firm’s revenue was down 5.8% on a year-over-year basis. On average, equities analysts expect that Landstar System will post 5.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. grew its position in shares of Landstar System by 2.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,008 shares of the transportation company’s stock valued at $387,000 after purchasing an additional 57 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Landstar System by 14.1% during the 3rd quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock worth $107,000 after acquiring an additional 70 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Landstar System by 13.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 595 shares of the transportation company’s stock worth $115,000 after acquiring an additional 72 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Landstar System by 108.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock worth $26,000 after acquiring an additional 74 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Landstar System by 2.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,974 shares of the transportation company’s stock worth $549,000 after acquiring an additional 74 shares during the last quarter. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

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.