Landstar System (NASDAQ:LSTR) Price Target Cut to $130.00 by Analysts at Susquehanna

Landstar System (NASDAQ:LSTR) had its price target dropped by stock analysts at Susquehanna from $150.00 to $130.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target would indicate a potential downside of 12.92% from the stock’s current price.

LSTR has been the subject of a number of other reports. JPMorgan Chase & Co. lowered their price target on Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Truist Financial initiated coverage on shares of Landstar System in a research report on Thursday, March 13th. They set a “hold” rating and a $160.00 price target for the company. Benchmark restated a “hold” rating on shares of Landstar System in a report on Friday, January 31st. Finally, Stifel Nicolaus lifted their target price on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. According to data from MarketBeat, Landstar System has an average rating of “Hold” and a consensus target price of $166.73.

Landstar System Price Performance

Shares of LSTR stock opened at $149.28 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. The company has a market capitalization of $5.27 billion, a PE ratio of 27.04 and a beta of 0.82. The firm’s 50-day moving average is $161.07 and its two-hundred day moving average is $174.26. Landstar System has a 12 month low of $144.13 and a 12 month high of $196.86.

Landstar System (NASDAQ:LSTR) last released its quarterly 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 net margin of 4.07% and a return on equity of 19.56%. Analysts predict that Landstar System will post 6.1 earnings per share for the current year.

Institutional Trading of Landstar System

Large investors have recently made changes to their positions in the company. Roberts Wealth Advisors LLC lifted its stake in Landstar System by 1.3% in the fourth quarter. Roberts Wealth Advisors LLC now owns 4,616 shares of the transportation company’s stock worth $818,000 after acquiring an additional 60 shares during the last quarter. Colonial Trust Co SC grew its stake in shares of Landstar System by 61.7% during the fourth 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. Brown Brothers Harriman & Co. increased its holdings in Landstar System by 2.3% in the third quarter. Brown Brothers Harriman & Co. now owns 3,608 shares of the transportation company’s stock valued at $681,000 after buying an additional 80 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Landstar System by 3.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,014 shares of the transportation company’s stock valued at $518,000 after buying an additional 94 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in Landstar System by 12.2% during the 4th quarter. Huntington National Bank now owns 1,037 shares of the transportation company’s stock worth $178,000 after buying an additional 113 shares during the last quarter. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

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.