Landstar System, Inc. (NASDAQ:LSTR) Given Consensus Recommendation of "Reduce" by Analysts

Landstar System, Inc. (NASDAQ:LSTR - Get Free Report) has been assigned an average recommendation of "Reduce" from the fourteen analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $155.67.

Several research analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price objective on Landstar System from $177.00 to $147.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Truist Financial lowered their price objective on Landstar System from $150.00 to $135.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Susquehanna dropped their price objective on Landstar System from $130.00 to $120.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Stifel Nicolaus cut their target price on shares of Landstar System from $162.00 to $147.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Finally, TD Cowen dropped their price target on shares of Landstar System from $161.00 to $145.00 and set a "hold" rating for the company in a research report on Thursday, April 3rd.

Landstar System Price Performance

NASDAQ:LSTR traded down $3.60 during midday trading on Friday, hitting $140.21. The company had a trading volume of 506,769 shares, compared to its average volume of 289,705. The company has a market capitalization of $4.90 billion, a PE ratio of 25.40 and a beta of 0.92. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. Landstar System has a 52-week low of $128.99 and a 52-week high of $196.86. The stock's fifty day moving average price is $142.46 and its 200-day moving average price is $162.99.

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 the consensus estimate of $0.92 by ($0.07). The firm 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 4.07% and a return on equity of 19.56%. As a group, research analysts expect that Landstar System will post 6.1 earnings per share for the current year.

Hedge Funds Weigh In On Landstar System

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Landstar System by 16.1% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,764,603 shares of the transportation company's stock worth $646,985,000 after buying an additional 521,695 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Landstar System by 2.1% during the 1st quarter. Victory Capital Management Inc. now owns 1,654,910 shares of the transportation company's stock valued at $248,567,000 after acquiring an additional 33,399 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Landstar System by 0.5% during the 4th 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 grew its stake in shares of Landstar System by 15.6% in the fourth quarter. Northern Trust Corp now owns 672,779 shares of the transportation company's stock worth $115,624,000 after acquiring an additional 90,672 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Landstar System by 1.5% during the fourth 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 last quarter. 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.