JPMorgan Chase & Co. Has Lowered Expectations for Landstar System (NASDAQ:LSTR) Stock Price

Landstar System (NASDAQ:LSTR) had its price target dropped by equities researchers at JPMorgan Chase & Co. from $177.00 to $147.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 7.58% from the stock’s current price.

LSTR has been the topic of several other research reports. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research note on Thursday. Susquehanna dropped their price target on Landstar System from $150.00 to $130.00 and set a “neutral” rating on the stock in a report on Wednesday, March 26th. Truist Financial reduced their price objective on Landstar System from $160.00 to $150.00 and set a “hold” rating for the company in a research note on Thursday. Stifel Nicolaus lifted their target price on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Finally, TD Cowen reduced their target price on Landstar System from $161.00 to $145.00 and set a “hold” rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $160.45.

Landstar System Price Performance

Shares of NASDAQ:LSTR opened at $136.64 on Thursday. The stock’s 50 day moving average price is $156.41 and its 200 day moving average price is $172.43. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 24.75 and a beta of 0.82. Landstar System has a 12 month low of $132.41 and a 12 month high of $196.86.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 earnings per share 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%. Equities research analysts anticipate that Landstar System will post 6.1 earnings per share for the current fiscal year.

Institutional Trading of Landstar System

A number of hedge funds have recently made changes to their positions in LSTR. Kayne Anderson Rudnick Investment Management LLC grew its position in Landstar System by 16.1% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,764,603 shares of the transportation company’s stock valued at $646,985,000 after purchasing an additional 521,695 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Landstar System by 0.7% during the 4th quarter. Victory Capital Management Inc. now owns 1,621,511 shares of the transportation company’s stock valued at $278,673,000 after acquiring an additional 11,146 shares in the last quarter. State Street Corp grew its holdings in shares of Landstar System by 1.4% during the 3rd quarter. State Street Corp now owns 1,117,857 shares of the transportation company’s stock valued at $211,130,000 after acquiring an additional 15,328 shares in the last quarter. Geode Capital Management LLC increased 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 last quarter. Finally, Northern Trust Corp raised its holdings in shares of Landstar System by 15.6% during the fourth quarter. Northern Trust Corp now owns 672,779 shares of the transportation company’s stock worth $115,624,000 after acquiring an additional 90,672 shares in the last quarter. 97.95% of the stock is owned by hedge funds and other 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.