Landstar System (NASDAQ:LSTR) Raised to “Buy” at StockNews.com

Landstar System (NASDAQ:LSTRGet Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

Other research analysts have also recently issued reports about the stock. The Goldman Sachs Group decreased their price objective on shares of Landstar System from $167.00 to $155.00 in a research note on Thursday, January 27th. Zacks Investment Research downgraded Landstar System from a “buy” rating to a “hold” rating and set a $187.00 price target for the company. in a report on Wednesday, December 29th. Robert W. Baird cut their price target on Landstar System from $170.00 to $160.00 in a report on Wednesday, April 6th. Morgan Stanley decreased their price objective on Landstar System from $128.00 to $120.00 and set an “underweight” rating for the company in a report on Monday, January 31st. Finally, Wolfe Research upgraded Landstar System from an “underperform” rating to a “peer perform” rating in a report on Tuesday, April 5th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $165.77.

Shares of NASDAQ:LSTR opened at $154.94 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.51 and a quick ratio of 1.51. Landstar System has a fifty-two week low of $139.12 and a fifty-two week high of $188.63. The firm’s 50 day simple moving average is $151.88 and its 200 day simple moving average is $163.33. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 15.53, a P/E/G ratio of 1.12 and a beta of 1.04.

Landstar System (NASDAQ:LSTRGet Rating) last released its earnings results on Wednesday, April 20th. The transportation company reported $3.34 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.60. Landstar System had a net margin of 5.84% and a return on equity of 45.49%. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter last year, the firm earned $2.01 earnings per share. The firm’s revenue for the quarter was up 53.1% compared to the same quarter last year. Equities research analysts expect that Landstar System will post 10.74 earnings per share for the current year.

In other news, Director Dr. Homaira Akbari acquired 2,000 shares of Landstar System stock in a transaction dated Thursday, February 24th. The stock was purchased at an average cost of $151.30 per share, with a total value of $302,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.90% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Atlanta Capital Management Co. L L C boosted its position in shares of Landstar System by 2.4% during the fourth quarter. Atlanta Capital Management Co. L L C now owns 2,173,250 shares of the transportation company’s stock valued at $389,055,000 after buying an additional 51,877 shares during the period. State Street Corp boosted its holdings in Landstar System by 4.1% in the fourth quarter. State Street Corp now owns 1,132,819 shares of the transportation company’s stock worth $202,797,000 after acquiring an additional 45,063 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Landstar System by 4.8% in the 4th quarter. JPMorgan Chase & Co. now owns 946,560 shares of the transportation company’s stock worth $169,454,000 after purchasing an additional 43,001 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in Landstar System by 5.9% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 732,033 shares of the transportation company’s stock worth $131,049,000 after acquiring an additional 40,762 shares during the period. Finally, Geode Capital Management LLC raised its position in Landstar System by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 566,553 shares of the transportation company’s stock worth $101,424,000 after buying an additional 30,340 shares during the last quarter. Institutional investors and hedge funds own 96.43% of the company’s stock.

Landstar System Company Profile (Get Rating)

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. The company 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, small package and less-than-truckload service providers.

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Analyst Recommendations for Landstar System (NASDAQ:LSTR)

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