Landstar System (NASDAQ:LSTR) Given New $160.00 Price Target at Susquehanna

Landstar System (NASDAQ:LSTR) had its price target reduced by investment analysts at Susquehanna from $165.00 to $160.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target points to a potential downside of 10.07% from the stock’s current price.

Several other analysts have also commented on the company. The Goldman Sachs Group dropped their price objective on Landstar System from $165.00 to $158.00 and set a “sell” rating on the stock in a report on Wednesday, October 9th. Stephens lowered their price target on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday. UBS Group upped their price target on Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday. Wolfe Research lowered Landstar System from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 11th. Finally, Benchmark reiterated a “hold” rating on shares of Landstar System in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Landstar System has an average rating of “Hold” and a consensus target price of $174.25.

Landstar System Stock Performance

Landstar System stock traded up $2.14 during mid-day trading on Friday, reaching $177.91. 42,370 shares of the company traded hands, compared to its average volume of 259,173. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.21 and a quick ratio of 2.17. The firm’s fifty day moving average is $183.19 and its two-hundred day moving average is $182.36. The company has a market capitalization of $6.31 billion, a price-to-earnings ratio of 30.24 and a beta of 0.80. Landstar System has a fifty-two week low of $165.39 and a fifty-two week high of $201.40.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Tuesday, October 29th. The transportation company reported $1.41 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.05). The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.22 billion. Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The business’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.71 earnings per share. On average, equities research analysts expect that Landstar System will post 5.77 earnings per share for the current fiscal year.

Institutional Trading of Landstar System

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Landstar System by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 3,480,039 shares of the transportation company’s stock valued at $670,812,000 after purchasing an additional 25,387 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Landstar System by 6.2% in the second quarter. Victory Capital Management Inc. now owns 1,697,093 shares of the transportation company’s stock valued at $313,080,000 after acquiring an additional 99,461 shares in the last quarter. Boston Partners boosted its stake in shares of Landstar System by 1.0% during the first quarter. Boston Partners now owns 1,586,286 shares of the transportation company’s stock valued at $305,671,000 after acquiring an additional 15,424 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Landstar System by 6.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 594,895 shares of the transportation company’s stock worth $109,743,000 after purchasing an additional 37,020 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in Landstar System by 2.5% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 429,315 shares of the transportation company’s stock valued at $82,755,000 after purchasing an additional 10,538 shares during the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Landstar System Company Profile

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.