Weiss Ratings Reiterates "Sell (D+)" Rating for Landstar System (NASDAQ:LSTR)

Key Points

• Weiss Ratings has reiterated a "Sell (D+)" rating for Landstar System (NASDAQ:LSTR), while other analysts have varied ratings including a "strong-buy" from Baird and a "neutral" from UBS Group.
• Landstar System reported earnings of $1.20 EPS for the last quarter, surpassing estimates of $1.16, but experienced a 1.1% decline in revenue compared to the previous year.
• The stock currently has a consensus rating of "Hold" with a target price averaging $142.36, and 97.95% of the shares are owned by institutional investors and hedge funds.

Landstar System (NASDAQ:LSTR - Get Free Report)'s stock had its "sell (d+)" rating reiterated by analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other analysts also recently commented on the stock. Baird R W raised shares of Landstar System to a "strong-buy" rating in a report on Tuesday, July 1st. UBS Group cut their price objective on shares of Landstar System from $154.00 to $149.00 and set a "neutral" rating for the company in a report on Wednesday, July 30th. Robert W. Baird began coverage on shares of Landstar System in a report on Tuesday, July 1st. They issued an "outperform" rating and a $166.00 price objective for the company. Barclays cut their price objective on shares of Landstar System from $145.00 to $135.00 and set an "equal weight" rating for the company in a report on Thursday, October 2nd. Finally, Susquehanna set a $123.00 price objective on shares of Landstar System and gave the company a "neutral" rating in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $142.36.

Landstar System Stock Performance

Shares of LSTR stock opened at $130.95 on Wednesday. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 27.45 and a beta of 0.82. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.00 and a current ratio of 2.00. The company has a 50-day simple moving average of $128.50 and a 200 day simple moving average of $135.84. Landstar System has a 52 week low of $119.32 and a 52 week high of $196.86.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its earnings results 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 business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. Landstar System had a net margin of 3.51% and a return on equity of 17.49%. Landstar System's revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.48 EPS. On average, sell-side analysts predict that Landstar System will post 6.1 earnings per share for the current year.

Hedge Funds Weigh In On Landstar System

Several hedge funds and other institutional investors have recently made changes to their positions in the company. First Horizon Advisors Inc. raised its position in shares of Landstar System by 35.3% in the 1st quarter. First Horizon Advisors Inc. now owns 322 shares of the transportation company's stock valued at $48,000 after buying an additional 84 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Landstar System by 2.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,099 shares of the transportation company's stock worth $465,000 after purchasing an additional 85 shares in the last quarter. State of Michigan Retirement System increased its position in Landstar System by 1.2% during the 1st quarter. State of Michigan Retirement System now owns 8,470 shares of the transportation company's stock worth $1,272,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Landstar System by 1.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 9,900 shares of the transportation company's stock worth $1,487,000 after purchasing an additional 100 shares in the last quarter. Finally, Securian Asset Management Inc. increased its position in Landstar System by 3.8% during the 1st quarter. Securian Asset Management Inc. now owns 2,744 shares of the transportation company's stock worth $412,000 after purchasing an additional 100 shares in 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.

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