Barclays Begins Coverage on Landstar System (NASDAQ:LSTR)

Barclays initiated coverage on shares of Landstar System (NASDAQ:LSTR - Get Free Report) in a note issued to investors on Monday, Marketbeat reports. The brokerage set an "equal weight" rating and a $145.00 price target on the transportation company's stock. Barclays's price target indicates a potential upside of 3.50% from the stock's previous close.

A number of other brokerages have also issued reports on LSTR. Evercore ISI decreased their target price 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. Benchmark restated a "hold" rating on shares of Landstar System in a research note on Monday, April 14th. UBS Group set a $154.00 price objective on Landstar System in a report on Wednesday, May 14th. Jefferies Financial Group reduced 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. Finally, Truist Financial dropped their price target on Landstar System from $150.00 to $135.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company's stock. According to MarketBeat, Landstar System has a consensus rating of "Hold" and a consensus target price of $150.00.

Landstar System Stock Up 0.1%

Landstar System stock opened at $140.09 on Monday. The company's 50-day moving average price is $138.21 and its two-hundred day moving average price is $157.22. 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 stock has a market cap of $4.90 billion, a P/E ratio of 25.38 and a beta of 0.88. Landstar System has a twelve month low of $128.99 and a twelve month high of $196.86.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued 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). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the company earned $1.32 earnings per share. The business's quarterly revenue was down 1.6% compared to the same quarter last year. As a group, analysts expect that Landstar System will post 6.1 EPS for the current year.

Institutional Trading of Landstar System

Several institutional investors have recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Landstar System by 8.5% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,083,704 shares of the transportation company's stock worth $613,372,000 after buying an additional 319,101 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Landstar System by 2.1% in the first quarter. Victory Capital Management Inc. now owns 1,654,910 shares of the transportation company's stock worth $248,567,000 after acquiring an additional 33,399 shares during the period. Geode Capital Management LLC boosted its holdings in Landstar System by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 817,938 shares of the transportation company's stock valued at $140,602,000 after acquiring an additional 4,392 shares during the last quarter. Northern Trust Corp increased its position in Landstar System by 9.1% during the 1st quarter. Northern Trust Corp now owns 734,256 shares of the transportation company's stock valued at $110,285,000 after purchasing an additional 61,477 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Landstar System by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 617,835 shares of the transportation company's stock valued at $106,184,000 after purchasing an additional 9,190 shares during the period. Institutional investors 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.

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