Landstar System (NASDAQ:LSTR) Downgraded by Wall Street Zen to Sell

Key Points

• Landstar System (NASDAQ:LSTR) has been downgraded from a "hold" to a "sell" rating by analysts at Wall Street Zen, indicating a shift in investment sentiment towards the company.
• Several other brokerages have revised their ratings and price targets for Landstar, reflecting a consensus rating of "Hold" with an average price target of $142.36.
• Despite a recent 1.1% decrease in quarterly revenue compared to last year, Landstar reported an EPS of $1.20, slightly exceeding analysts' expectations of $1.16.

Landstar System (NASDAQ:LSTR - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

A number of other brokerages also recently commented on LSTR. Zacks Research raised Landstar System from a "strong sell" rating to a "hold" rating in a research report on Monday, September 8th. UBS Group decreased their price target on Landstar System from $154.00 to $149.00 and set a "neutral" rating for the company in a research report on Wednesday, July 30th. JPMorgan Chase & Co. decreased their price target on Landstar System from $147.00 to $138.00 and set a "neutral" rating for the company in a research report on Wednesday. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Landstar System in a research report on Wednesday. Finally, Barclays decreased their price target on Landstar System from $145.00 to $135.00 and set an "equal weight" rating for the company in a research report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Landstar System currently has a consensus rating of "Hold" and an average price target of $142.36.

Landstar System Stock Performance

Shares of Landstar System stock opened at $124.13 on Friday. The company has a market cap of $4.30 billion, a PE ratio of 26.02 and a beta of 0.82. Landstar System has a 52 week low of $119.32 and a 52 week high of $196.86. The business has a 50 day moving average price of $128.33 and a 200-day moving average price of $135.52. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.06.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.16 by $0.04. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. Landstar System had a return on equity of 17.49% and a net margin of 3.51%.The company's quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.48 earnings per share. Equities analysts anticipate that Landstar System will post 6.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Landstar System

Large investors have recently added to or reduced their stakes in the company. Alpine Bank Wealth Management purchased a new position in shares of Landstar System in the first quarter worth about $25,000. MAI Capital Management increased its holdings in shares of Landstar System by 79.3% in the second quarter. MAI Capital Management now owns 242 shares of the transportation company's stock worth $34,000 after buying an additional 107 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Landstar System by 132.7% in the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company's stock worth $37,000 after buying an additional 142 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Landstar System by 118.8% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 280 shares of the transportation company's stock worth $39,000 after buying an additional 152 shares during the period. Finally, Hantz Financial Services Inc. increased its holdings in shares of Landstar System by 7,650.0% in the second quarter. Hantz Financial Services Inc. now owns 310 shares of the transportation company's stock worth $43,000 after buying an additional 306 shares during the period. Hedge funds and other 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.

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