Landstar System (NASDAQ:LSTR) Stock Rating Upgraded by Baird R W

Landstar System (NASDAQ:LSTR) was upgraded by research analysts at Baird R W to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other equities analysts also recently issued reports on the stock. Barclays assumed coverage on shares of Landstar System in a research note on Monday, June 9th. They set an “equal weight” rating and a $145.00 price objective on the stock. Wall Street Zen upgraded Landstar System from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research report on Monday, April 14th. Truist Financial reduced their target price on Landstar System from $150.00 to $135.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th. Finally, TD Cowen decreased their price target on Landstar System from $161.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, April 3rd. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $151.50.

Landstar System Price Performance

Shares of NASDAQ:LSTR opened at $146.55 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.03 and a current ratio of 2.03. The business’s fifty day moving average price is $138.75 and its two-hundred day moving average price is $151.89. The stock has a market cap of $5.12 billion, a PE ratio of 29.02 and a beta of 0.88. Landstar System has a one year low of $128.99 and a one year high of $196.86.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Tuesday, May 13th. The transportation company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.07). The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Landstar System had a net margin of 3.72% and a return on equity of 18.23%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.32 earnings per share. On average, analysts forecast that Landstar System will post 6.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Landstar System

Hedge funds have recently made changes to their positions in the business. Alpine Bank Wealth Management acquired a new stake in Landstar System in the 1st quarter valued at $25,000. HM Payson & Co. purchased a new stake in shares of Landstar System in the fourth quarter worth about $26,000. Colonial Trust Co SC grew its stake in shares of Landstar System by 61.7% in the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company’s stock valued at $32,000 after buying an additional 71 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Landstar System by 132.7% in the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock valued at $37,000 after buying an additional 142 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its holdings in shares of Landstar System by 106.2% during the 1st quarter. Golden State Wealth Management LLC now owns 299 shares of the transportation company’s stock valued at $45,000 after buying an additional 154 shares during the period. Hedge funds and other institutional investors own 97.95% of the company’s stock.

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.