Robert W. Baird Begins Coverage on Landstar System (NASDAQ:LSTR)

Investment analysts at Robert W. Baird began coverage on shares of Landstar System (NASDAQ:LSTR) in a report released on Tuesday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $166.00 price target on the transportation company’s stock. Robert W. Baird’s price objective suggests a potential upside of 13.27% from the stock’s current price.

LSTR has been the topic of several other research reports. Truist Financial lowered their price target on Landstar System from $150.00 to $135.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. Susquehanna reiterated a “neutral” rating and issued a $125.00 target price (up previously from $120.00) on shares of Landstar System in a report on Tuesday, June 24th. Barclays assumed coverage on shares of Landstar System in a research report on Monday, June 9th. They set an “equal weight” rating and a $145.00 target price for the company. TD Cowen lowered 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. Finally, JPMorgan Chase & Co. cut their price objective on Landstar System from $177.00 to $147.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $151.50.

Landstar System Stock Up 0.9%

LSTR stock opened at $146.55 on Tuesday. The firm has a market cap of $5.12 billion, a PE ratio of 29.02 and a beta of 0.88. Landstar System has a 1 year low of $128.99 and a 1 year high of $196.86. The company has a fifty day simple moving average of $138.75 and a 200 day simple moving average of $151.89. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.07.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Tuesday, May 13th. The transportation company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.07). The company 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%. Landstar System’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the business earned $1.32 earnings per share. Sell-side analysts anticipate that Landstar System will post 6.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Landstar System

Hedge funds and other institutional investors have recently made changes to their positions in the business. Voya Investment Management LLC raised its position in Landstar System by 4.4% in the first quarter. Voya Investment Management LLC now owns 5,193 shares of the transportation company’s stock worth $780,000 after purchasing an additional 219 shares in the last quarter. Geneos Wealth Management Inc. grew its stake 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 raised 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 worth $7,715,000 after buying an additional 875 shares in the last quarter. Bayforest Capital Ltd lifted its position in shares of Landstar System by 2,700.0% during the 1st quarter. Bayforest Capital Ltd now owns 2,632 shares of the transportation company’s stock worth $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 lifted its position in shares of Landstar System by 13.3% during 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 worth $21,380,000 after buying an additional 16,698 shares during the period. 97.95% of the stock is owned by 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.