Landstar System (NASDAQ:LSTR) Hits New 12-Month High Following Analyst Upgrade

Landstar System, Inc. (NASDAQ:LSTR)’s stock price hit a new 52-week high during trading on Thursday after Susquehanna raised their price target on the stock from $160.00 to $185.00. Susquehanna currently has a neutral rating on the stock. Landstar System traded as high as $181.84 and last traded at $180.55, with a volume of 12524 shares changing hands. The stock had previously closed at $177.37.

A number of other equities analysts have also weighed in on the company. Wall Street Zen upgraded Landstar System from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Benchmark reiterated a “hold” rating on shares of Landstar System in a research report on Thursday, January 29th. Stifel Nicolaus boosted their target price on shares of Landstar System from $145.00 to $147.00 and gave the company a “hold” rating in a research note on Thursday, April 2nd. Weiss Ratings lowered Landstar System from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, April 14th. Finally, Wells Fargo & Company raised Landstar System from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $145.00 to $170.00 in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $155.55.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LSTR. Los Angeles Capital Management LLC purchased a new stake in Landstar System in the 4th quarter worth approximately $25,000. Quarry LP acquired a new position in shares of Landstar System in the third quarter worth $25,000. Global Retirement Partners LLC increased its stake in shares of Landstar System by 320.0% in the fourth quarter. Global Retirement Partners LLC now owns 189 shares of the transportation company’s stock worth $27,000 after acquiring an additional 144 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Landstar System by 335.8% during the third quarter. UMB Bank n.a. now owns 292 shares of the transportation company’s stock worth $36,000 after acquiring an additional 225 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Landstar System by 132.7% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock worth $37,000 after acquiring an additional 142 shares in the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.

Landstar System Trading Up 1.9%

The stock has a market cap of $6.14 billion, a price-to-earnings ratio of 54.62 and a beta of 0.80. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average of $157.48 and a 200-day moving average of $146.02.

Landstar System Company Profile

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.