Jefferies Financial Group Issues Pessimistic Forecast for Landstar System (NASDAQ:LSTR) Stock Price

Landstar System (NASDAQ:LSTR) had its target price lowered by equities research analysts at Jefferies Financial Group from $170.00 to $150.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the transportation company’s stock. Jefferies Financial Group’s target price points to a potential upside of 7.69% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Susquehanna reduced their price objective on Landstar System from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Monday. Stifel Nicolaus boosted their price target on Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Truist Financial decreased their price objective on Landstar System from $160.00 to $150.00 and set a “hold” rating on the stock in a report on Thursday, April 3rd. 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. Finally, Benchmark restated a “hold” rating on shares of Landstar System in a research note on Thursday, April 3rd. One analyst has rated the stock with a sell rating and thirteen have given a hold rating to the stock. According to MarketBeat, Landstar System has an average rating of “Hold” and a consensus target price of $158.75.

Landstar System Stock Up 0.3 %

Shares of NASDAQ:LSTR traded up $0.43 during midday trading on Friday, reaching $139.30. The company had a trading volume of 267,550 shares, compared to its average volume of 280,689. The stock has a market cap of $4.87 billion, a PE ratio of 25.24 and a beta of 0.88. Landstar System has a 1-year low of $128.99 and a 1-year high of $196.86. The business’s 50 day moving average price is $152.38 and its 200 day moving average price is $170.48. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.31 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%. Research analysts forecast that Landstar System will post 6.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Landstar System

Hedge funds have recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Landstar System by 16.1% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,764,603 shares of the transportation company’s stock worth $646,985,000 after purchasing an additional 521,695 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Landstar System by 0.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,621,511 shares of the transportation company’s stock worth $278,673,000 after acquiring an additional 11,146 shares during the period. State Street Corp boosted its holdings in Landstar System by 1.4% in the third quarter. State Street Corp now owns 1,117,857 shares of the transportation company’s stock valued at $211,130,000 after acquiring an additional 15,328 shares during the last quarter. Geode Capital Management LLC increased its position in Landstar System by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 817,938 shares of the transportation company’s stock valued at $140,602,000 after purchasing an additional 4,392 shares during the period. Finally, Northern Trust Corp raised its holdings in Landstar System by 15.6% during the 4th quarter. Northern Trust Corp now owns 672,779 shares of the transportation company’s stock worth $115,624,000 after purchasing an additional 90,672 shares during the last quarter. Institutional investors and hedge funds 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.