Susquehanna Has Lowered Expectations for Landstar System (NASDAQ:LSTR) Stock Price

Landstar System (NASDAQ:LSTR) had its target price decreased by research analysts at Susquehanna from $165.00 to $160.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective would indicate a potential downside of 9.71% from the stock’s previous close.

Several other research firms have also recently commented on LSTR. Evercore ISI cut their price target on Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a report on Wednesday. The Goldman Sachs Group dropped their price objective on Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a research note on Wednesday, October 9th. Stifel Nicolaus dropped their price objective on Landstar System from $164.00 to $160.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. TD Cowen decreased their target price on Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a report on Wednesday. Finally, Morgan Stanley decreased their target price on Landstar System from $147.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, July 8th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Landstar System currently has a consensus rating of “Hold” and an average target price of $174.25.

Landstar System Stock Up 0.8 %

Shares of LSTR stock opened at $177.20 on Friday. Landstar System has a 1-year low of $165.39 and a 1-year high of $201.40. The stock’s fifty day moving average price is $182.96 and its 200 day moving average price is $182.42. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.21 and a quick ratio of 2.17. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 30.39 and a beta of 0.81.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.04). The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.71 EPS. On average, research analysts expect that Landstar System will post 5.74 earnings per share for the current fiscal year.

Institutional Trading of Landstar System

Several institutional investors and hedge funds have recently made changes to their positions in LSTR. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Landstar System by 108.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 74 shares during the last quarter. Quest Partners LLC acquired a new position in Landstar System in the 2nd quarter valued at about $73,000. Mather Group LLC. increased its position in Landstar System by 183.5% in the 2nd quarter. Mather Group LLC. now owns 394 shares of the transportation company’s stock valued at $76,000 after acquiring an additional 255 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in Landstar System by 431.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock valued at $83,000 after acquiring an additional 358 shares during the period. Finally, Fidelis Capital Partners LLC acquired a new position in Landstar System in the 1st quarter valued at about $86,000. 97.95% of the stock is owned by hedge funds and other institutional investors.

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.