Stifel Nicolaus Lowers Landstar System (NASDAQ:LSTR) Price Target to $147.00

Landstar System (NASDAQ:LSTR) had its price objective decreased by equities research analysts at Stifel Nicolaus from $162.00 to $147.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 6.78% from the company’s current price.

A number of other brokerages have also recently commented on LSTR. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a report on Monday. Susquehanna reduced their price target on Landstar System from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Truist Financial decreased their target price on shares of Landstar System from $160.00 to $150.00 and set a “hold” rating on the stock in a research note on Thursday, April 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Landstar System from $177.00 to $147.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Finally, TD Cowen decreased their price target on Landstar System from $161.00 to $145.00 and set a “hold” rating on the stock in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $156.92.

Landstar System Stock Down 2.6 %

LSTR stock opened at $137.67 on Monday. 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 has a 1-year low of $128.99 and a 1-year high of $196.86. The stock has a market capitalization of $4.81 billion, a P/E ratio of 24.94 and a beta of 0.88. The business has a fifty day moving average price of $151.05 and a 200-day moving average price of $169.54.

Landstar System (NASDAQ:LSTR) 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%. Equities analysts forecast that Landstar System will post 6.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Landstar System

Hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC lifted its stake in shares of Landstar System by 22.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,077 shares of the transportation company’s stock worth $2,935,000 after purchasing an additional 3,150 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in Landstar System by 14.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,392 shares of the transportation company’s stock valued at $927,000 after acquiring an additional 665 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Landstar System by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 813,546 shares of the transportation company’s stock valued at $153,685,000 after purchasing an additional 39,223 shares during the last quarter. Franklin Resources Inc. grew its stake in Landstar System by 28.1% during the 3rd quarter. Franklin Resources Inc. now owns 58,177 shares of the transportation company’s stock worth $11,000,000 after buying an additional 12,756 shares during the last quarter. Finally, Boston Trust Walden Corp boosted its holdings in Landstar System by 21.1% in the fourth quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company’s stock worth $47,695,000 after acquiring an additional 48,312 shares in the last quarter. Hedge funds and other institutional investors 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.