Landstar System (NASDAQ:LSTR – Get Free Report)‘s stock had its “neutral” rating reaffirmed by analysts at Susquehanna in a research note issued on Tuesday, MarketBeat.com reports. They currently have a $125.00 price target on the transportation company’s stock, up from their previous price target of $120.00. Susquehanna’s price target would suggest a potential downside of 9.42% from the company’s previous close.
Other equities research analysts have also recently issued reports about the stock. Barclays started coverage on shares of Landstar System in a research note on Monday, June 9th. They set an “equal weight” rating and a $145.00 price objective on the stock. Wall Street Zen downgraded shares of Landstar System from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. Jefferies Financial Group dropped their price target on shares of Landstar System from $170.00 to $150.00 and set a “hold” rating on the stock in a research report on Friday, April 11th. Evercore ISI dropped their price target on shares of Landstar System from $137.00 to $136.00 and set an “in-line” rating on the stock in a research report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. dropped their target price on Landstar System from $177.00 to $147.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Two investment analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $150.38.
View Our Latest Analysis on LSTR
Landstar System Trading Down 0.9%
Landstar System (NASDAQ:LSTR – Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The transportation company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.07). The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.13 billion. Landstar System had a net margin of 3.72% and a return on equity of 18.23%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm posted $1.32 EPS. Sell-side analysts anticipate that Landstar System will post 6.1 earnings per share for the current year.
Institutional Trading of Landstar System
Several large investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC raised its position in Landstar System by 4.4% during the first quarter. Voya Investment Management LLC now owns 5,193 shares of the transportation company’s stock valued at $780,000 after buying an additional 219 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Landstar System by 132.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 142 shares during the period. Focus Partners Wealth increased its holdings in shares of Landstar System by 1.7% in the 1st quarter. Focus Partners Wealth now owns 51,365 shares of the transportation company’s stock valued at $7,715,000 after purchasing an additional 875 shares during the period. Bayforest Capital Ltd increased its stake in Landstar System by 2,700.0% in the 1st quarter. Bayforest Capital Ltd now owns 2,632 shares of the transportation company’s stock valued at $395,000 after buying an additional 2,538 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Landstar System by 13.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,341 shares of the transportation company’s stock valued at $21,380,000 after buying an additional 16,698 shares during the period. 97.95% of the stock is owned by institutional investors and hedge funds.
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.
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