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

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

Several other research analysts have also commented on LSTR. Truist Financial dropped their price target on shares of Landstar System from $150.00 to $135.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Benchmark restated a "hold" rating on shares of Landstar System in a research note on Monday, April 14th. Susquehanna restated a "neutral" rating and set a $125.00 price target (up previously from $120.00) on shares of Landstar System in a research note on Tuesday, June 24th. Jefferies Financial Group dropped their price target on shares of Landstar System from $170.00 to $150.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Landstar System from $177.00 to $147.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $150.38.

Landstar System Trading Down 0.3%

Shares of NASDAQ:LSTR traded down $0.42 during mid-day trading on Friday, hitting $139.02. The stock had a trading volume of 269,284 shares, compared to its average volume of 302,602. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.03 and a current ratio of 2.03. The company has a market cap of $4.86 billion, a PE ratio of 27.53 and a beta of 0.89. Landstar System has a 12-month low of $128.99 and a 12-month high of $196.86. The company's 50 day moving average is $138.42 and its 200-day moving average is $151.97.

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

Institutional Trading of Landstar System

Several institutional investors have recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of 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 valued at $613,372,000 after acquiring an additional 319,101 shares in the last quarter. Victory Capital Management Inc. raised 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 last quarter. Geode Capital Management LLC raised its stake in shares of Landstar System by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 817,938 shares of the transportation company's stock worth $140,602,000 after acquiring an additional 4,392 shares during the last quarter. Northern Trust Corp raised its stake in shares of Landstar System by 9.1% in the first quarter. Northern Trust Corp now owns 734,256 shares of the transportation company's stock worth $110,285,000 after acquiring an additional 61,477 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Landstar System by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 617,835 shares of the transportation company's stock worth $106,184,000 after acquiring an additional 9,190 shares during the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

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.