Landstar System (NASDAQ:LSTR) Price Target Lowered to $150.00 at Truist Financial

Landstar System (NASDAQ:LSTR) had its target price dropped by Truist Financial from $160.00 to $150.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the transportation company’s stock. Truist Financial’s price objective indicates a potential upside of 9.78% from the company’s previous close.

Several other equities research analysts also recently weighed in on LSTR. JPMorgan Chase & Co. cut their price target on Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. TD Cowen dropped their target price on Landstar System from $161.00 to $145.00 and set a “hold” rating on the stock in a report on Thursday. Stifel Nicolaus boosted their price target on Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. Finally, Susquehanna cut their target price on shares of Landstar System from $150.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $160.45.

Landstar System Trading Down 1.4 %

Shares of NASDAQ:LSTR opened at $136.64 on Thursday. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. Landstar System has a 52-week low of $132.41 and a 52-week high of $196.86. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 24.75 and a beta of 0.82. The business has a 50-day moving average price of $156.41 and a 200-day moving average price of $172.43.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (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 predict that Landstar System will post 6.1 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Landstar System by 16.1% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,764,603 shares of the transportation company’s stock valued at $646,985,000 after acquiring an additional 521,695 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Landstar System in the 4th quarter valued at $63,816,000. Norges Bank acquired a new stake in Landstar System during the 4th quarter worth $54,088,000. Corient Private Wealth LLC boosted its stake in Landstar System by 1,207.3% during the 4th quarter. Corient Private Wealth LLC now owns 293,899 shares of the transportation company’s stock worth $50,509,000 after purchasing an additional 271,417 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its position in shares of Landstar System by 116.4% in the fourth quarter. Lord Abbett & CO. LLC now owns 274,671 shares of the transportation company’s stock valued at $47,205,000 after buying an additional 147,756 shares during the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.

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.