Landstar System (NASDAQ:LSTR) Hits New 12-Month High Following Analyst Upgrade

Landstar System, Inc. (NASDAQ:LSTR)’s stock price hit a new 52-week high during trading on Thursday after Susquehanna raised their price target on the stock from $160.00 to $185.00. Susquehanna currently has a neutral rating on the stock. Landstar System traded as high as $181.84 and last traded at $180.55, with a volume of 12524 shares traded. The stock had previously closed at $177.37.

A number of other equities analysts have also recently commented on the stock. Weiss Ratings cut shares of Landstar System from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, April 14th. Barclays lifted their target price on shares of Landstar System from $130.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Truist Financial decreased their target price on shares of Landstar System from $150.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, January 29th. Evercore lifted their target price on shares of Landstar System from $125.00 to $151.00 and gave the stock an “in-line” rating in a research report on Monday, January 12th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Landstar System from $134.00 to $162.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $155.55.

Institutional Investors Weigh In On Landstar System

A number of large investors have recently modified their holdings of the stock. M&T Bank Corp boosted its stake in shares of Landstar System by 151,424.4% during the 4th quarter. M&T Bank Corp now owns 6,294,325 shares of the transportation company’s stock valued at $904,495,000 after purchasing an additional 6,290,171 shares in the last quarter. Boston Partners boosted its stake in shares of Landstar System by 24.1% during the 3rd quarter. Boston Partners now owns 1,761,526 shares of the transportation company’s stock valued at $216,242,000 after purchasing an additional 341,808 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Landstar System by 185.5% during the 4th quarter. AQR Capital Management LLC now owns 987,087 shares of the transportation company’s stock valued at $141,844,000 after purchasing an additional 641,319 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Landstar System by 31.8% during the 3rd quarter. First Trust Advisors LP now owns 964,297 shares of the transportation company’s stock valued at $118,184,000 after purchasing an additional 232,682 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Landstar System by 2.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 746,506 shares of the transportation company’s stock valued at $91,492,000 after purchasing an additional 21,163 shares in the last quarter. Institutional investors own 97.95% of the company’s stock.

Landstar System Price Performance

The business’s 50 day moving average price is $158.33 and its two-hundred day moving average price is $146.25. The stock has a market cap of $6.11 billion, a P/E ratio of 54.35 and a beta of 0.80. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06.

About Landstar System

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.