Landstar System (NASDAQ:LSTR) Raised to Hold at Wall Street Zen

Landstar System (NASDAQ:LSTR) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Friday.

A number of other equities analysts have also recently issued reports on LSTR. Susquehanna cut their target price on Landstar System from $121.00 to $110.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Truist Financial lowered their price objective on shares of Landstar System from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Wednesday, October 29th. UBS Group dropped their price objective on shares of Landstar System from $149.00 to $147.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of Landstar System in a report on Tuesday. Finally, Stifel Nicolaus lowered their target price on shares of Landstar System from $130.00 to $127.00 and set a “hold” rating on the stock in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $134.60.

Landstar System Stock Performance

Shares of LSTR opened at $130.84 on Friday. Landstar System has a one year low of $119.32 and a one year high of $190.69. The company has a market cap of $4.49 billion, a PE ratio of 33.38 and a beta of 0.83. The stock has a 50-day moving average of $126.89 and a 200-day moving average of $132.98. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 2.00.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.02). The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. Landstar System had a return on equity of 17.24% and a net margin of 2.87%.The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the company posted $1.41 earnings per share. On average, equities research analysts predict that Landstar System will post 6.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Landstar System

A number of hedge funds and other institutional investors have recently made changes to their positions in LSTR. Wealth Enhancement Advisory Services LLC lifted its stake in Landstar System by 16.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,609 shares of the transportation company’s stock valued at $527,000 after purchasing an additional 510 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Landstar System by 41.2% in the second quarter. Harbor Capital Advisors Inc. now owns 45,346 shares of the transportation company’s stock valued at $6,304,000 after buying an additional 13,229 shares during the period. Perigon Wealth Management LLC purchased a new position in shares of Landstar System during the 2nd quarter valued at $357,000. Public Employees Retirement System of Ohio lifted its position in shares of Landstar System by 8.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 37,232 shares of the transportation company’s stock valued at $5,176,000 after buying an additional 2,758 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Landstar System by 109.6% during the 2nd quarter. GAMMA Investing LLC now owns 939 shares of the transportation company’s stock worth $131,000 after acquiring an additional 491 shares during the period. 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.