Landstar System (NASDAQ:LSTR) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Landstar System (NASDAQ:LSTR) had its price target raised by investment analysts at Stifel Nicolaus from $145.00 to $147.00 in a report released on Thursday,Benzinga reports. The firm presently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price objective suggests a potential downside of 9.97% from the company’s current price.

Other analysts have also recently issued reports about the stock. Wall Street Zen raised shares of Landstar System from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Barclays raised their price objective on shares of Landstar System from $130.00 to $155.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Morgan Stanley upped their target price on shares of Landstar System from $133.00 to $135.00 and gave the company an “equal weight” rating in a research note on Monday, December 8th. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research report on Thursday, January 29th. Finally, Robert W. Baird set a $164.00 price target on Landstar System in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $153.00.

Landstar System Stock Performance

NASDAQ:LSTR opened at $163.27 on Thursday. The stock has a market cap of $5.55 billion, a price-to-earnings ratio of 49.33 and a beta of 0.80. Landstar System has a one year low of $119.32 and a one year high of $166.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75. The business’s 50-day simple moving average is $153.90 and its 200 day simple moving average is $141.54.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. M&T Bank Corp increased its holdings in shares of Landstar System by 151,424.4% in the fourth quarter. M&T Bank Corp now owns 6,294,325 shares of the transportation company’s stock valued at $904,495,000 after buying an additional 6,290,171 shares in the last quarter. Boston Partners raised its position in shares of Landstar System by 24.1% during the third quarter. Boston Partners now owns 1,761,526 shares of the transportation company’s stock worth $216,242,000 after purchasing an additional 341,808 shares during the period. AQR Capital Management LLC raised its position in shares of Landstar System by 185.5% during the fourth quarter. AQR Capital Management LLC now owns 987,087 shares of the transportation company’s stock worth $141,844,000 after purchasing an additional 641,319 shares during the period. First Trust Advisors LP lifted its holdings in shares of Landstar System by 31.8% during the third 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 during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Landstar System by 2.9% in 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 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 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.