Landstar System (NASDAQ:LSTR) Price Target Cut to $150.00 by Analysts at Truist Financial

Landstar System (NASDAQ:LSTR) had its price target cut by investment analysts at Truist Financial from $160.00 to $150.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the transportation company’s stock. Truist Financial’s target price would indicate a potential upside of 4.96% from the company’s current price.

LSTR has been the topic of several other reports. Susquehanna cut their target price on Landstar System from $150.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 26th. JPMorgan Chase & Co. dropped their target price on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. TD Cowen dropped their target price on Landstar System from $161.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday. Stifel Nicolaus upped their price target on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Benchmark reissued a “hold” rating on shares of Landstar System in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. According to MarketBeat, Landstar System presently has a consensus rating of “Hold” and an average target price of $163.18.

Landstar System Trading Down 5.9 %

Landstar System stock traded down $9.02 during trading hours on Thursday, reaching $142.91. The stock had a trading volume of 135,315 shares, compared to its average volume of 274,601. The stock has a market cap of $5.05 billion, a PE ratio of 25.73 and a beta of 0.82. Landstar System has a 52 week low of $142.03 and a 52 week high of $196.86. The company has a fifty day simple moving average of $157.89 and a 200-day simple moving average of $172.99. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21.

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

Hedge Funds Weigh In On Landstar System

Several hedge funds have recently modified their holdings of LSTR. FMR LLC grew its position in shares of Landstar System by 8.6% during the third quarter. FMR LLC now owns 162,222 shares of the transportation company’s stock valued at $30,639,000 after purchasing an additional 12,894 shares in the last quarter. State Street Corp increased its stake in Landstar System by 1.4% in the 3rd quarter. State Street Corp now owns 1,117,857 shares of the transportation company’s stock worth $211,130,000 after acquiring an additional 15,328 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Landstar System by 22.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,077 shares of the transportation company’s stock worth $2,935,000 after acquiring an additional 3,150 shares in the last quarter. National Bank of Canada FI boosted its position in shares of Landstar System by 346.8% during the 3rd quarter. National Bank of Canada FI now owns 6,179 shares of the transportation company’s stock valued at $1,167,000 after acquiring an additional 4,796 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Landstar System by 5.1% in the third quarter. Geode Capital Management LLC now owns 813,546 shares of the transportation company’s stock worth $153,685,000 after purchasing an additional 39,223 shares during the last quarter. Hedge funds and other 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.