Landstar System, Inc. (NASDAQ:LSTR) Given Consensus Rating of “Reduce” by Analysts

Shares of Landstar System, Inc. (NASDAQ:LSTR) have received a consensus rating of “Reduce” from the fourteen ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and thirteen have issued a hold recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $156.92.

A number of research firms recently weighed in on LSTR. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research report on Monday, April 14th. JPMorgan Chase & Co. dropped their price target on shares of Landstar System from $177.00 to $147.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Truist Financial decreased their target price on shares of Landstar System from $160.00 to $150.00 and set a “hold” rating for the company in a report on Thursday, April 3rd. Stifel Nicolaus reduced their price target on shares of Landstar System from $162.00 to $147.00 and set a “hold” rating for the company in a research report on Monday, April 14th. Finally, TD Cowen lowered their price objective on Landstar System from $161.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, April 3rd.

Institutional Investors Weigh In On Landstar System

A number of large investors have recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Landstar System by 16.1% in 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 buying an additional 521,695 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Landstar System during the 4th quarter valued at $63,816,000. Norges Bank purchased a new stake in shares of Landstar System in the 4th quarter worth $54,088,000. Reinhart Partners LLC. bought a new position in Landstar System in the 1st quarter worth $42,887,000. Finally, Corient Private Wealth LLC lifted its position in Landstar System by 1,207.3% during the fourth quarter. Corient Private Wealth LLC now owns 293,899 shares of the transportation company’s stock valued at $50,509,000 after purchasing an additional 271,417 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors.

Landstar System Price Performance

LSTR opened at $135.53 on Tuesday. Landstar System has a 12-month low of $128.99 and a 12-month high of $196.86. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 24.55 and a beta of 0.88. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. The stock has a fifty day simple moving average of $149.15 and a two-hundred day simple moving average of $168.12.

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

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.