Landstar System (NASDAQ:LSTR) Stock Rating Upgraded by Wall Street Zen

Landstar System (NASDAQ:LSTR) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other equities analysts have also recently weighed in on LSTR. Stifel Nicolaus reduced their price target on Landstar System from $130.00 to $127.00 and set a “hold” rating for the company in a research report on Wednesday, October 29th. Barclays cut their target price on Landstar System from $135.00 to $130.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. JPMorgan Chase & Co. reduced their target price on Landstar System from $138.00 to $134.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. UBS Group lowered their price target on shares of Landstar System from $149.00 to $147.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Landstar System in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Landstar System has a consensus rating of “Hold” and a consensus price target of $134.60.

Landstar System Stock Performance

Shares of LSTR stock opened at $130.84 on Friday. The firm’s 50 day moving average is $126.89 and its 200 day moving average is $132.98. The stock has a market capitalization of $4.49 billion, a P/E ratio of 33.38 and a beta of 0.83. Landstar System has a 12 month low of $119.32 and a 12 month high of $190.69. The company has a current ratio of 2.01, a quick ratio of 2.00 and a debt-to-equity ratio of 0.05.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.02). The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Landstar System had a net margin of 2.87% and a return on equity of 17.24%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.41 earnings per share. On average, sell-side analysts anticipate that Landstar System will post 6.1 earnings per share for the current year.

Hedge Funds Weigh In On Landstar System

Institutional investors have recently made changes to their positions in the stock. Vestmark Advisory Solutions Inc. raised its position in shares of Landstar System by 0.4% during the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 20,585 shares of the transportation company’s stock valued at $2,523,000 after buying an additional 78 shares in the last quarter. Cardinal Capital Management grew its position in Landstar System by 0.4% in the third quarter. Cardinal Capital Management now owns 24,324 shares of the transportation company’s stock worth $2,981,000 after acquiring an additional 90 shares in the last quarter. Huntington National Bank increased its stake in Landstar System by 9.7% in the third quarter. Huntington National Bank now owns 1,129 shares of the transportation company’s stock valued at $138,000 after acquiring an additional 100 shares during the last quarter. Eukles Asset Management increased its stake in Landstar System by 1.1% in the second quarter. Eukles Asset Management now owns 10,053 shares of the transportation company’s stock valued at $1,398,000 after acquiring an additional 105 shares during the last quarter. Finally, MAI Capital Management raised its position in Landstar System by 79.3% during the second quarter. MAI Capital Management now owns 242 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 107 shares in the last quarter. 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.