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

Landstar System (NASDAQ:LSTR) had its price target reduced by stock analysts at UBS Group from $154.00 to $149.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. UBS Group’s target price would indicate a potential upside of 11.72% from the stock’s current price.

A number of other brokerages also recently weighed in on LSTR. Wall Street Zen downgraded shares of Landstar System from a “hold” rating to a “sell” rating in a research report on Saturday, July 12th. Evercore ISI decreased their price objective on shares of Landstar System from $135.00 to $132.00 and set an “in-line” rating for the company in a research report on Wednesday. Robert W. Baird initiated coverage on shares of Landstar System in a research report on Tuesday, July 1st. They issued an “outperform” rating and a $166.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on shares of Landstar System from $139.00 to $138.00 and set a “neutral” rating for the company in a research report on Tuesday, July 8th. Finally, Stifel Nicolaus reduced their price target on shares of Landstar System from $147.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, May 14th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $145.17.

Landstar System Price Performance

NASDAQ:LSTR opened at $133.37 on Wednesday. Landstar System has a one year low of $128.99 and a one year high of $196.86. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.03 and a current ratio of 2.00. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 27.96 and a beta of 0.88. The firm’s fifty day moving average is $139.46 and its two-hundred day moving average is $147.11.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.04. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. Landstar System had a net margin of 3.51% and a return on equity of 17.49%. The company’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.48 earnings per share. Research analysts expect that Landstar System will post 6.1 EPS for the current year.

Institutional Trading of Landstar System

A number of hedge funds have recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Landstar System by 8.5% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,083,704 shares of the transportation company’s stock valued at $613,372,000 after acquiring an additional 319,101 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Landstar System by 2.1% in the 1st quarter. Victory Capital Management Inc. now owns 1,654,910 shares of the transportation company’s stock valued at $248,567,000 after buying an additional 33,399 shares during the period. Geode Capital Management LLC grew its stake in shares of Landstar System by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 817,938 shares of the transportation company’s stock valued at $140,602,000 after buying an additional 4,392 shares during the period. Northern Trust Corp grew its stake in shares of Landstar System by 9.1% in the 1st quarter. Northern Trust Corp now owns 734,256 shares of the transportation company’s stock valued at $110,285,000 after buying an additional 61,477 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Landstar System by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 617,835 shares of the transportation company’s stock valued at $106,184,000 after buying an additional 9,190 shares during the period. Institutional investors and hedge funds 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.