Landstar System (NASDAQ:LSTR) Given New $140.00 Price Target at Stifel Nicolaus

Landstar System (NASDAQ:LSTR) had its price objective dropped by stock analysts at Stifel Nicolaus from $147.00 to $140.00 in a research note issued on Wednesday, Marketbeat reports. The firm currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price objective points to a potential downside of 3.17% from the stock’s current price.

A number of other research analysts have also commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Landstar System from $177.00 to $147.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Benchmark reiterated a “hold” rating on shares of Landstar System in a research note on Monday, April 14th. Susquehanna lowered their price objective on shares of Landstar System from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Truist Financial lowered their price objective on shares of Landstar System from $150.00 to $135.00 and set a “hold” rating on the stock in a research note on Thursday, April 24th. Finally, TD Cowen lowered their price objective on shares of Landstar System from $161.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $153.08.

Landstar System Stock Performance

LSTR opened at $144.59 on Wednesday. The business’s 50 day moving average is $141.36 and its 200-day moving average is $162.44. The stock has a market cap of $5.05 billion, a PE ratio of 26.19 and a beta of 0.92. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. Landstar System has a twelve month low of $128.99 and a twelve month high of $196.86.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Tuesday, May 13th. The transportation company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.07). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.13 billion. On average, analysts predict that Landstar System will post 6.1 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. grew its position in Landstar System by 120.7% during the 4th quarter. Ameriprise Financial Inc. now owns 165,297 shares of the transportation company’s stock worth $28,408,000 after purchasing an additional 90,391 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Landstar System by 22.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,077 shares of the transportation company’s stock worth $2,935,000 after purchasing an additional 3,150 shares in the last quarter. Pictet Asset Management Holding SA grew its position in Landstar System by 14.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 5,392 shares of the transportation company’s stock worth $927,000 after purchasing an additional 665 shares in the last quarter. Boston Trust Walden Corp grew its position in Landstar System by 21.1% during the 4th quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company’s stock worth $47,695,000 after purchasing an additional 48,312 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in Landstar System by 11.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,935 shares of the transportation company’s stock worth $504,000 after purchasing an additional 300 shares in the last quarter. Institutional investors 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.