Landstar System (NASDAQ:LSTR) Price Target Lowered to $135.00 at Truist Financial

Landstar System (NASDAQ:LSTR) had its price target trimmed by Truist Financial from $150.00 to $135.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a hold rating on the transportation company’s stock.

A number of other equities analysts have also recently commented on the stock. TD Cowen decreased their target price on shares of Landstar System from $161.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, April 3rd. Benchmark reiterated a “hold” rating on shares of Landstar System in a report on Monday, April 14th. JPMorgan Chase & Co. dropped their target price on Landstar System from $177.00 to $147.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Stifel Nicolaus decreased their price target on Landstar System from $162.00 to $147.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Finally, Susquehanna dropped their price objective on Landstar System from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $155.67.

Landstar System Trading Up 1.2 %

Shares of LSTR stock opened at $139.92 on Thursday. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. The firm has a market cap of $4.89 billion, a P/E ratio of 25.35 and a beta of 0.88. The business has a 50-day moving average price of $147.79 and a two-hundred day moving average price of $167.41. Landstar System has a 12-month low of $128.99 and a 12-month high of $196.86.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. Equities analysts anticipate that Landstar System will post 6.1 EPS for the current fiscal year.

Institutional Trading of Landstar System

Several large investors have recently bought and sold shares of LSTR. Nisa Investment Advisors LLC boosted its position in shares of Landstar System by 22.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 17,077 shares of the transportation company’s stock valued at $2,935,000 after purchasing an additional 3,150 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Landstar System by 14.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 5,392 shares of the transportation company’s stock valued at $927,000 after buying an additional 665 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Landstar System by 28.1% in the 3rd quarter. Franklin Resources Inc. now owns 58,177 shares of the transportation company’s stock worth $11,000,000 after buying an additional 12,756 shares during the period. Boston Trust Walden Corp increased its stake in shares of Landstar System by 21.1% in the 4th quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company’s stock worth $47,695,000 after acquiring an additional 48,312 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in Landstar System by 11.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,935 shares of the transportation company’s stock valued at $504,000 after acquiring an additional 300 shares during the period. 97.95% of the stock is owned by institutional investors.

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.