Susquehanna Lowers Landstar System (NASDAQ:LSTR) Price Target to $130.00

Landstar System (NASDAQ:LSTR) had its price objective reduced by Susquehanna from $150.00 to $130.00 in a research note issued on Wednesday, Marketbeat.com reports. The firm presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target indicates a potential downside of 12.59% from the company’s current price.

LSTR has been the topic of several other research reports. JPMorgan Chase & Co. cut their price target on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Benchmark reiterated a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. Truist Financial assumed coverage on shares of Landstar System in a research report on Thursday, March 13th. They set a “hold” rating and a $160.00 target price for the company. Finally, Stifel Nicolaus increased their price target on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $166.73.

Landstar System Trading Down 1.5 %

Shares of Landstar System stock opened at $148.73 on Wednesday. The firm’s 50 day simple moving average is $159.96 and its two-hundred day simple moving average is $173.93. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 26.94 and a beta of 0.82. Landstar System has a 12-month low of $144.13 and a 12-month high of $196.86. 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 (NASDAQ:LSTR) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. Analysts predict that Landstar System will post 6.1 EPS for the current year.

Hedge Funds Weigh In On Landstar System

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its position in shares of Landstar System by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 362,652 shares of the transportation company’s stock worth $68,494,000 after purchasing an additional 948 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Landstar System by 21.2% during the third quarter. Citigroup Inc. now owns 19,184 shares of the transportation company’s stock valued at $3,623,000 after acquiring an additional 3,354 shares during the last quarter. Cerity Partners LLC lifted its position in shares of Landstar System by 63.4% in the third quarter. Cerity Partners LLC now owns 5,507 shares of the transportation company’s stock valued at $1,040,000 after acquiring an additional 2,137 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Landstar System by 2.3% in the third quarter. Brown Brothers Harriman & Co. now owns 3,608 shares of the transportation company’s stock worth $681,000 after acquiring an additional 80 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of Landstar System by 191.4% during the third quarter. Bank of Montreal Can now owns 25,654 shares of the transportation company’s stock worth $4,796,000 after purchasing an additional 16,850 shares in the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.

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.