Landstar System (NASDAQ:LSTR) Price Target Cut to $138.00 by Analysts at JPMorgan Chase & Co.

Landstar System (NASDAQ:LSTR - Get Free Report) had its price target reduced by research analysts at JPMorgan Chase & Co. from $139.00 to $138.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the transportation company's stock. JPMorgan Chase & Co.'s target price would indicate a potential downside of 3.70% from the company's previous close.

LSTR has been the topic of several other reports. 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 research report on Thursday, April 3rd. Evercore ISI dropped their target price on 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. Robert W. Baird began coverage on Landstar System in a research report on Tuesday, July 1st. They issued an "outperform" rating and a $166.00 target price on the stock. Baird R W raised Landstar System to a "strong-buy" rating in a report on Tuesday, July 1st. Finally, Susquehanna reissued a "neutral" rating and set a $125.00 price objective (up previously from $120.00) on shares of Landstar System in a report on Tuesday, June 24th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Landstar System has a consensus rating of "Hold" and an average price target of $151.31.

Landstar System Stock Down 1.7%

Landstar System stock traded down $2.44 during mid-day trading on Tuesday, hitting $143.30. The company's stock had a trading volume of 127,427 shares, compared to its average volume of 361,216. The firm's 50 day moving average is $139.84 and its 200 day moving average is $150.56. The company has a market cap of $5.01 billion, a PE ratio of 28.38 and a beta of 0.88. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.03 and a quick ratio of 2.03. Landstar System has a 52-week low of $128.99 and a 52-week high of $196.86.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The transportation company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.07). The business had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.13 billion. Landstar System had a return on equity of 18.23% and a net margin of 3.72%. The firm's revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.32 earnings per share. On average, analysts anticipate that Landstar System will post 6.1 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Colonial Trust Co SC lifted its holdings in Landstar System by 61.7% during the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company's stock worth $32,000 after acquiring an additional 71 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in Landstar System by 35.3% during the first quarter. First Horizon Advisors Inc. now owns 322 shares of the transportation company's stock worth $48,000 after acquiring an additional 84 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Landstar System by 2.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,099 shares of the transportation company's stock valued at $465,000 after purchasing an additional 85 shares in the last quarter. State of Michigan Retirement System lifted its holdings in shares of Landstar System by 1.2% in the first quarter. State of Michigan Retirement System now owns 8,470 shares of the transportation company's stock valued at $1,272,000 after purchasing an additional 100 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of Landstar System by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 9,900 shares of the transportation company's stock valued at $1,487,000 after purchasing an additional 100 shares in the last quarter. 97.95% of the stock is currently 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.