Evercore ISI Has Lowered Expectations for Landstar System (NASDAQ:LSTR) Stock Price

Landstar System (NASDAQ:LSTR) had its price objective lowered by investment analysts at Evercore ISI from $137.00 to $136.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “in-line” rating on the transportation company’s stock. Evercore ISI’s target price suggests a potential downside of 5.94% from the company’s current price.

A number of other research analysts also recently issued reports on the stock. Benchmark reissued a “hold” rating on shares of Landstar System in a research report on Monday, April 14th. Jefferies Financial Group reduced their target price on shares of Landstar System from $170.00 to $150.00 and set a “hold” rating on the stock in a research report on Friday, April 11th. Stifel Nicolaus reduced their target price on shares of Landstar System from $147.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday. Truist Financial reduced their target price on shares of 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, JPMorgan Chase & Co. reduced their target price on shares of Landstar System from $177.00 to $147.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $153.08.

Landstar System Trading Up 1.5%

Shares of LSTR opened at $144.59 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96. Landstar System has a fifty-two week low of $128.99 and a fifty-two week high of $196.86. The firm has a 50 day moving average price of $141.36 and a 200-day moving average price of $162.44. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 26.19 and a beta of 0.92.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Tuesday, May 13th. The transportation company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.07). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.13 billion. As a group, equities research analysts forecast that Landstar System will post 6.1 earnings per share for the current year.

Institutional Trading of Landstar System

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC increased its stake in Landstar System by 8.5% during 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 purchasing an additional 319,101 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Landstar System by 2.1% in the first quarter. Victory Capital Management Inc. now owns 1,654,910 shares of the transportation company’s stock worth $248,567,000 after acquiring 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 fourth quarter. Geode Capital Management LLC now owns 817,938 shares of the transportation company’s stock worth $140,602,000 after acquiring an additional 4,392 shares during the period. Northern Trust Corp grew its stake in shares of Landstar System by 9.1% in the first quarter. Northern Trust Corp now owns 734,256 shares of the transportation company’s stock worth $110,285,000 after acquiring 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 fourth quarter. Dimensional Fund Advisors LP now owns 617,835 shares of the transportation company’s stock worth $106,184,000 after acquiring an additional 9,190 shares during the period. 97.95% of the stock is currently owned by 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.