Landstar System (NASDAQ:LSTR) Upgraded to Hold at Wall Street Zen

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

Several other brokerages have also issued reports on LSTR. Benchmark reissued a "hold" rating on shares of Landstar System in a report on Monday, April 14th. Stifel Nicolaus lowered their price target on shares of Landstar System from $147.00 to $140.00 and set a "hold" rating on the stock in a report on Wednesday, May 14th. Susquehanna reissued a "neutral" rating and issued a $125.00 price target (up previously from $120.00) on shares of Landstar System in a report on Tuesday. UBS Group set a $154.00 target price on shares of Landstar System in a report on Wednesday, May 14th. Finally, Jefferies Financial Group lowered their target price on shares of Landstar System from $170.00 to $150.00 and set a "hold" rating on the stock in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. According to data from MarketBeat, Landstar System has an average rating of "Hold" and an average target price of $150.38.

Landstar System Stock Performance

LSTR stock traded up $2.05 on Friday, reaching $139.44. 540,277 shares of the company were exchanged, compared to its average volume of 305,004. Landstar System has a 12 month low of $128.99 and a 12 month high of $196.86. The stock's fifty day moving average price is $138.35 and its 200 day moving average price is $152.79. The firm has a market capitalization of $4.87 billion, a PE ratio of 27.61 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 (NASDAQ:LSTR - Get Free Report) last announced its quarterly earnings results 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 the consensus estimate of $1.13 billion. Landstar System had a net margin of 3.72% and a return on equity of 18.23%. The company's quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned $1.32 EPS. On average, research analysts anticipate that Landstar System will post 6.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC lifted its position 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 in the last quarter. Victory Capital Management Inc. lifted its position 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 worth $248,567,000 after buying an additional 33,399 shares in the last quarter. Geode Capital Management LLC lifted its position in Landstar System by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 817,938 shares of the transportation company's stock worth $140,602,000 after buying an additional 4,392 shares in the last quarter. Northern Trust Corp lifted 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 worth $110,285,000 after buying an additional 61,477 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted 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 worth $106,184,000 after buying an additional 9,190 shares in the last quarter. Institutional investors and hedge funds 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.