Benchmark Reiterates “Hold” Rating for Landstar System (NASDAQ:LSTR)

Landstar System (NASDAQ:LSTR)‘s stock had its “hold” rating reiterated by equities researchers at Benchmark in a research report issued to clients and investors on Monday,Benzinga reports.

Several other brokerages also recently weighed in on LSTR. TD Cowen cut their price target on Landstar System from $161.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, April 3rd. Jefferies Financial Group dropped their target price on Landstar System from $170.00 to $150.00 and set a “hold” rating on the stock in a report on Friday, April 11th. JPMorgan Chase & Co. decreased their price target on Landstar System from $177.00 to $147.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Truist Financial dropped their price objective 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. Finally, Susquehanna cut their target price on shares of Landstar System from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Monday, April 7th. One analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. According to data from MarketBeat, Landstar System currently has an average rating of “Hold” and a consensus price target of $156.92.

Landstar System Trading Down 2.6 %

Landstar System stock opened at $137.67 on Monday. Landstar System has a 52 week low of $128.99 and a 52 week high of $196.86. The stock has a 50-day moving average price of $151.05 and a 200 day moving average price of $169.54. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 24.94 and a beta of 0.88.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. Sell-side analysts anticipate that Landstar System will post 6.1 EPS for the current year.

Hedge Funds Weigh In On Landstar System

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

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.