Wall Street Zen Upgrades Landstar System (NASDAQ:LSTR) to Hold

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

A number of other brokerages have also issued reports on LSTR. Susquehanna lowered their price target on Landstar System from $121.00 to $110.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Stifel Nicolaus lifted their target price on Landstar System from $127.00 to $140.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. Barclays lowered their target price on Landstar System from $135.00 to $130.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Weiss Ratings restated a “sell (d+)” rating on shares of Landstar System in a research note on Monday. Finally, UBS Group decreased their price objective on Landstar System from $149.00 to $147.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Landstar System has an average rating of “Hold” and an average target price of $136.58.

Landstar System Trading Up 1.0%

LSTR stock opened at $146.02 on Friday. Landstar System has a 12 month low of $119.32 and a 12 month high of $179.74. The firm’s 50-day moving average is $133.20 and its 200 day moving average is $133.00. The company has a market capitalization of $5.02 billion, a PE ratio of 37.25 and a beta of 0.85. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 2.01.

Landstar System (NASDAQ:LSTR) last announced 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 company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. Landstar System had a net margin of 2.87% and a return on equity of 17.24%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.41 EPS. On average, research analysts anticipate that Landstar System will post 6.1 EPS for the current year.

Hedge Funds Weigh In On Landstar System

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vestmark Advisory Solutions Inc. lifted its position in shares of Landstar System by 0.4% during the third 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 during the last quarter. Cardinal Capital Management raised its stake in shares of Landstar System by 0.4% during the 3rd 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 lifted its position in Landstar System by 9.7% during 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 grew its holdings in Landstar System by 1.1% in the second quarter. Eukles Asset Management now owns 10,053 shares of the transportation company’s stock worth $1,398,000 after purchasing an additional 105 shares during the last quarter. Finally, MAI Capital Management increased its position in shares of Landstar System by 79.3% during the second quarter. MAI Capital Management now owns 242 shares of the transportation company’s stock worth $34,000 after purchasing an additional 107 shares in the last quarter. 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 through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.