Landstar System (NASDAQ:LSTR - Get Free Report) had its target price decreased by analysts at Stifel Nicolaus from $166.00 to $164.00 in a research report issued on Monday, Benzinga reports. The firm presently has a "hold" rating on the transportation company's stock. Stifel Nicolaus' price target points to a potential downside of 7.46% from the company's current price.
Several other analysts have also recently weighed in on LSTR. Wolfe Research raised shares of Landstar System from a "peer perform" rating to an "outperform" rating and set a $205.00 price target for the company in a research note on Wednesday, January 10th. UBS Group raised their price objective on Landstar System from $175.00 to $200.00 and gave the stock a "neutral" rating in a research report on Friday, February 2nd. Susquehanna decreased their target price on shares of Landstar System from $165.00 to $160.00 and set a "neutral" rating on the stock in a research report on Friday. Wells Fargo & Company lifted their price target on shares of Landstar System from $165.00 to $180.00 and gave the company an "equal weight" rating in a research report on Friday, February 2nd. Finally, Benchmark restated a "hold" rating on shares of Landstar System in a report on Friday. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $183.91.
Read Our Latest Stock Analysis on LSTR
Landstar System Price Performance
Shares of LSTR stock traded down $0.03 during trading hours on Monday, reaching $177.23. The company had a trading volume of 315,807 shares, compared to its average volume of 276,835. Landstar System has a 12-month low of $161.13 and a 12-month high of $208.62. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 27.27, a PEG ratio of 4.69 and a beta of 0.83. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.00 and a current ratio of 2.22. The stock has a fifty day moving average of $183.99 and a 200-day moving average of $183.53.
Landstar System (NASDAQ:LSTR - Get Free Report) last issued its earnings results on Wednesday, April 24th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.28 by $0.04. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.12 billion. Landstar System had a return on equity of 23.11% and a net margin of 4.63%. On average, equities analysts anticipate that Landstar System will post 6.69 earnings per share for the current year.
Insiders Place Their Bets
In other news, VP Michael K. Kneller sold 12,219 shares of the business's stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the completion of the transaction, the vice president now directly owns 61,127 shares of the company's stock, valued at $11,632,468.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.75% of the stock is owned by company insiders.
Hedge Funds Weigh In On Landstar System
A number of institutional investors and hedge funds have recently modified their holdings of the company. Mather Group LLC. acquired a new position in shares of Landstar System during the 1st quarter worth about $27,000. SRS Capital Advisors Inc. increased its stake in Landstar System by 209.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 192 shares of the transportation company's stock valued at $37,000 after purchasing an additional 130 shares during the last quarter. Montag A & Associates Inc. acquired a new stake in Landstar System during the fourth quarter worth approximately $48,000. Larson Financial Group LLC purchased a new stake in shares of Landstar System during the 3rd quarter worth approximately $49,000. Finally, GAMMA Investing LLC acquired a new position in shares of Landstar System in the 4th quarter valued at $58,000. Institutional investors and hedge funds own 97.95% of the company's stock.
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.
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