JPMorgan Chase & Co. Lowers Landstar System (NASDAQ:LSTR) Price Target to $177.00

Landstar System (NASDAQ:LSTR) had its price objective cut by equities researchers at JPMorgan Chase & Co. from $184.00 to $177.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 5.61% from the stock’s previous close.

Several other research firms have also weighed in on LSTR. TD Cowen dropped their price objective on shares of Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. Susquehanna lowered their price target on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, November 1st. UBS Group raised their price target on shares of Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Stephens lowered their price target on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group lowered their price target on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $171.27.

Landstar System Stock Down 3.1 %

NASDAQ LSTR traded down $5.33 during trading on Thursday, reaching $167.60. The company’s stock had a trading volume of 130,409 shares, compared to its average volume of 299,428. The business has a 50-day moving average price of $177.67 and a 200-day moving average price of $182.26. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.04. Landstar System has a 1-year low of $164.04 and a 1-year high of $197.16. The stock has a market capitalization of $5.92 billion, a PE ratio of 28.72 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data 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 return on equity of 20.68% and a net margin of 4.32%. On average, research analysts forecast that Landstar System will post 5.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Landstar System

In related news, CFO James P. Todd sold 1,000 shares of Landstar System stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total transaction of $184,320.00. Following the completion of the sale, the chief financial officer now owns 14,083 shares of the company’s stock, valued at approximately $2,595,778.56. The trade was a 6.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Landstar System

A number of institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp increased its position in Landstar System by 26.6% during the 4th quarter. Van ECK Associates Corp now owns 31,836 shares of the transportation company’s stock worth $5,471,000 after purchasing an additional 6,680 shares in the last quarter. Portfolio Design Labs LLC increased its position in Landstar System by 41.7% in the 4th quarter. Portfolio Design Labs LLC now owns 10,361 shares of the transportation company’s stock valued at $1,781,000 after acquiring an additional 3,048 shares during the period. Empowered Funds LLC increased its position in shares of Landstar System by 44.9% during the fourth quarter. Empowered Funds LLC now owns 3,389 shares of the transportation company’s stock worth $582,000 after buying an additional 1,050 shares during the period. Apollon Wealth Management LLC increased its position in shares of Landstar System by 21.1% during the fourth quarter. Apollon Wealth Management LLC now owns 3,600 shares of the transportation company’s stock worth $619,000 after buying an additional 628 shares during the period. Finally, Vest Financial LLC increased its position in shares of Landstar System by 68.9% during the fourth quarter. Vest Financial LLC now owns 14,088 shares of the transportation company’s stock worth $2,421,000 after buying an additional 5,749 shares during the period. Institutional investors 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.