Truist Financial Has Lowered Expectations for Landstar System (NASDAQ:LSTR) Stock Price

Landstar System (NASDAQ:LSTR) had its target price dropped by equities researchers at Truist Financial from $160.00 to $150.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “hold” rating on the transportation company’s stock. Truist Financial’s price objective would suggest a potential upside of 9.78% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. TD Cowen dropped their price objective on Landstar System from $161.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday. Susquehanna cut their price target on Landstar System from $150.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 26th. JPMorgan Chase & Co. lowered their price objective on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Stifel Nicolaus raised their target price on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Benchmark reiterated a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $160.45.

Landstar System Stock Performance

Shares of NASDAQ:LSTR opened at $136.64 on Thursday. 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 12 month low of $132.41 and a 12 month high of $196.86. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 24.75 and a beta of 0.82. The firm’s 50-day moving average is $156.41 and its 200 day moving average is $172.43.

Landstar System (NASDAQ:LSTR) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. Research analysts predict that Landstar System will post 6.1 EPS for the current year.

Institutional Trading of Landstar System

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Golden State Wealth Management LLC purchased a new position in Landstar System during the 4th quarter worth $25,000. HM Payson & Co. acquired a new stake in Landstar System in the fourth quarter worth about $26,000. Colonial Trust Co SC grew its stake in shares of Landstar System by 61.7% during the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company’s stock worth $32,000 after acquiring an additional 71 shares during the last quarter. Trust Co. of Vermont acquired a new position in shares of Landstar System during the fourth quarter valued at about $34,000. Finally, BOKF NA raised its position in shares of Landstar System by 56.1% in the 4th quarter. BOKF NA now owns 348 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 125 shares during the last quarter. Hedge funds and other 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.