Landstar System (NASDAQ:LSTR) Price Target Raised to $140.00

Landstar System (NASDAQ:LSTR) had its price objective increased by stock analysts at Stifel Nicolaus from $127.00 to $140.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ target price would suggest a potential downside of 4.23% from the stock’s current price.

Several other equities research analysts also recently issued reports on LSTR. Weiss Ratings reissued a “sell (d)” rating on shares of Landstar System in a research note on Monday, December 8th. JPMorgan Chase & Co. reduced their price target on shares of Landstar System from $138.00 to $134.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Zacks Research raised shares of Landstar System from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Barclays dropped their price objective on shares of Landstar System from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Finally, Evercore ISI cut their price objective on Landstar System from $132.00 to $125.00 and set an “in-line” rating for the company in a report on Tuesday, September 30th. One equities 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 given a Sell rating to the stock. According to MarketBeat.com, Landstar System has a consensus rating of “Hold” and a consensus price target of $136.58.

Landstar System Price Performance

Shares of NASDAQ LSTR traded down $0.17 during midday trading on Tuesday, reaching $146.19. The company’s stock had a trading volume of 76,022 shares, compared to its average volume of 392,826. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 37.29 and a beta of 0.85. Landstar System has a one year low of $119.32 and a one year high of $184.23. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average price of $131.44 and a 200 day moving average price of $133.06.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.02). The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Landstar System had a net margin of 2.87% and a return on equity of 17.24%. Landstar System’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.41 earnings per share. On average, equities research analysts expect that Landstar System will post 6.1 EPS for the current year.

Institutional Investors Weigh In On Landstar System

Several large investors have recently made changes to their positions in the company. Quarry LP acquired a new position in shares of Landstar System in the 3rd quarter worth approximately $25,000. MAI Capital Management lifted its holdings in Landstar System by 79.3% in the second quarter. MAI Capital Management now owns 242 shares of the transportation company’s stock valued at $34,000 after buying an additional 107 shares during the period. UMB Bank n.a. boosted its position in shares of Landstar System by 335.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the transportation company’s stock worth $36,000 after purchasing an additional 225 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Landstar System by 132.7% in the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 142 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in Landstar System by 118.8% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 280 shares of the transportation company’s stock valued at $39,000 after buying an additional 152 shares during the period. Institutional investors own 97.95% of the company’s stock.

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.