Landstar System (NASDAQ:LSTR - Get Free Report) had its price target decreased by equities researchers at Susquehanna from $165.00 to $160.00 in a report issued on Friday, Benzinga reports. The firm currently has a "neutral" rating on the transportation company's stock. Susquehanna's price objective points to a potential downside of 9.74% from the stock's current price.
Several other research analysts have also commented on the stock. Wells Fargo & Company raised their price objective on shares of Landstar System from $165.00 to $180.00 and gave the company an "equal weight" rating in a research note on Friday, February 2nd. Wolfe Research raised shares of Landstar System from a "peer perform" rating to an "outperform" rating and set a $205.00 price objective for the company in a research note on Wednesday, January 10th. Stifel Nicolaus lowered their price objective on shares of Landstar System from $171.00 to $166.00 and set a "hold" rating for the company in a research note on Friday, February 2nd. Finally, UBS Group raised their target price on shares of Landstar System from $175.00 to $200.00 and gave the company a "neutral" rating in a report on Friday, February 2nd. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $184.09.
Read Our Latest Research Report on Landstar System
Landstar System Trading Down 0.1 %
LSTR stock traded down $0.17 during mid-day trading on Friday, hitting $177.26. 307,488 shares of the company were exchanged, compared to its average volume of 276,355. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $6.34 billion, a P/E ratio of 27.27, a PEG ratio of 4.51 and a beta of 0.83. The business has a fifty day simple moving average of $184.33 and a 200-day simple moving average of $183.48. Landstar System has a 12-month low of $161.13 and a 12-month high of $208.62.
Landstar System (NASDAQ:LSTR - Get Free Report) last announced its earnings results on Wednesday, April 24th. The transportation company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.04. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.12 billion. Landstar System had a net margin of 4.63% and a return on equity of 23.17%. On average, equities research analysts predict that Landstar System will post 6.71 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Landstar System news, VP Michael K. Kneller sold 12,219 shares of the firm's stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the sale, the vice president now owns 61,127 shares of the company's stock, valued at $11,632,468.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Landstar System
A number of institutional investors have recently modified their holdings of LSTR. Mather Group LLC. acquired a new position in shares of Landstar System in the 1st quarter valued at $27,000. SRS Capital Advisors Inc. increased its holdings in shares of Landstar System by 209.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 192 shares of the transportation company's stock valued at $37,000 after acquiring an additional 130 shares during the period. Montag A & Associates Inc. acquired a new position in shares of Landstar System in the 4th quarter valued at $48,000. Larson Financial Group LLC purchased a new position in Landstar System in the 3rd quarter valued at $49,000. Finally, GAMMA Investing LLC purchased a new position in Landstar System in the 4th quarter valued at $58,000. 97.95% of the stock is owned by institutional investors and hedge funds.
About Landstar System
(
Get Free Report)
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.
Further Reading
Before you consider Landstar System, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Landstar System wasn't on the list.
While Landstar System currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
