Landstar System’s (LSTR) Hold Rating Reaffirmed at Benchmark

Landstar System (NASDAQ:LSTR)‘s stock had its “hold” rating reiterated by analysts at Benchmark in a note issued to investors on Thursday,Benzinga reports.

Several other analysts have also recently issued reports on LSTR. Susquehanna lowered their target price on shares of Landstar System from $150.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 26th. TD Cowen decreased their price target on shares of Landstar System from $161.00 to $145.00 and set a “hold” rating on the stock in a report on Thursday. Truist Financial dropped their price objective on Landstar System from $160.00 to $150.00 and set a “hold” rating for the company in a research note on Thursday. Stifel Nicolaus boosted their target price on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lowered their price target on Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $163.18.

Landstar System Stock Performance

Shares of NASDAQ LSTR traded down $9.53 during mid-day trading on Thursday, hitting $142.40. The company had a trading volume of 174,016 shares, compared to its average volume of 274,731. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. Landstar System has a 1 year low of $142.03 and a 1 year high of $196.86. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 25.80 and a beta of 0.82. The stock’s 50-day moving average price is $157.89 and its 200-day moving average price is $172.99.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share 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%. On average, sell-side analysts forecast that Landstar System will post 6.1 earnings per share for the current year.

Hedge Funds Weigh In On Landstar System

Hedge funds and other institutional investors have recently modified their holdings of the stock. Golden State Wealth Management LLC bought a new position in shares of Landstar System during the fourth quarter valued at approximately $25,000. HM Payson & Co. purchased a new position in shares of Landstar System in the 4th quarter worth about $26,000. Colonial Trust Co SC boosted its stake in Landstar System by 61.7% in the 4th quarter. Colonial Trust Co SC now owns 186 shares of the transportation company’s stock worth $32,000 after purchasing an additional 71 shares in the last quarter. Trust Co. of Vermont purchased a new stake in Landstar System during the 4th quarter valued at about $34,000. Finally, BOKF NA raised its holdings in Landstar System by 56.1% in the fourth quarter. BOKF NA now owns 348 shares of the transportation company’s stock worth $58,000 after buying an additional 125 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.