Barclays Initiates Coverage on Landstar System (NASDAQ:LSTR)

Equities research analysts at Barclays began coverage on shares of Landstar System (NASDAQ:LSTR - Get Free Report) in a report released on Monday, Marketbeat Ratings reports. The brokerage set an "equal weight" rating and a $145.00 price target on the transportation company's stock. Barclays's price objective suggests a potential upside of 3.32% from the stock's previous close.

A number of other research firms also recently weighed in on LSTR. Jefferies Financial Group dropped their price target on shares of Landstar System from $170.00 to $150.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Stifel Nicolaus lowered their target price on shares of Landstar System from $147.00 to $140.00 and set a "hold" rating for the company in a report on Wednesday, May 14th. Evercore ISI dropped their target price on shares of Landstar System from $137.00 to $136.00 and set an "in-line" rating for the company in a research report on Wednesday, May 14th. Wall Street Zen lowered Landstar System from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Benchmark reaffirmed a "hold" rating on shares of Landstar System in a research note on Monday, April 14th. Two analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, Landstar System has an average rating of "Hold" and a consensus price target of $150.00.

Landstar System Trading Up 0.6%

Shares of NASDAQ LSTR traded up $0.80 during midday trading on Monday, hitting $140.34. The stock had a trading volume of 258,603 shares, compared to its average volume of 301,024. The firm has a market cap of $4.90 billion, a P/E ratio of 25.42 and a beta of 0.89. Landstar System has a fifty-two week low of $128.99 and a fifty-two week high of $196.86. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. The company's 50-day simple moving average is $138.25 and its 200 day simple moving average is $156.41.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The transportation company reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.07). The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.13 billion. Landstar System had a return on equity of 19.56% and a net margin of 4.07%. Landstar System's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.32 earnings per share. Research analysts anticipate that Landstar System will post 6.1 EPS for the current year.

Institutional Investors Weigh In On Landstar System

A number of hedge funds have recently modified their holdings of the business. Golden State Wealth Management LLC bought a new stake in Landstar System during the 4th quarter worth approximately $25,000. Apollon Wealth Management LLC boosted its holdings in shares of Landstar System by 21.1% in the fourth quarter. Apollon Wealth Management LLC now owns 3,600 shares of the transportation company's stock valued at $619,000 after buying an additional 628 shares during the period. Empowered Funds LLC increased its position in shares of Landstar System by 44.9% during the fourth quarter. Empowered Funds LLC now owns 3,389 shares of the transportation company's stock worth $582,000 after acquiring an additional 1,050 shares in the last quarter. Portfolio Design Labs LLC increased its position in shares of Landstar System by 41.7% during the fourth quarter. Portfolio Design Labs LLC now owns 10,361 shares of the transportation company's stock worth $1,781,000 after acquiring an additional 3,048 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Landstar System by 26.6% during the fourth quarter. Van ECK Associates Corp now owns 31,836 shares of the transportation company's stock worth $5,471,000 after acquiring an additional 6,680 shares during the period. Institutional investors and hedge funds own 97.95% of the company's stock.

About Landstar System

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.