Landstar System (NASDAQ:LSTR) Coverage Initiated at Truist Financial

Analysts at Truist Financial started coverage on shares of Landstar System (NASDAQ:LSTR) in a note issued to investors on Thursday, Marketbeat.com reports. The firm set a “hold” rating and a $160.00 price target on the transportation company’s stock. Truist Financial’s price target indicates a potential upside of 6.38% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Stifel Nicolaus boosted their price objective on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Raymond James downgraded shares of Landstar System from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. cut their price target on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $169.45.

Landstar System Stock Up 0.9 %

Shares of LSTR stock opened at $150.41 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 1 year low of $147.59 and a 1 year high of $196.86. The firm’s fifty day moving average price is $163.83 and its two-hundred day moving average price is $175.97. The firm has a market capitalization of $5.31 billion, a P/E ratio of 27.25 and a beta of 0.82.

Landstar System (NASDAQ:LSTR) last released 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 return on equity of 19.56% and a net margin of 4.07%. On average, equities analysts predict that Landstar System will post 6.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Landstar System

Large investors have recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in Landstar System during the fourth quarter worth $25,000. HM Payson & Co. bought a new position in Landstar System during the fourth quarter worth $26,000. Colonial Trust Co SC boosted its stake in 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 in the last quarter. Trust Co. of Vermont bought a new position in Landstar System during the fourth quarter worth $34,000. Finally, BOKF NA boosted its stake in Landstar System by 56.1% during the fourth quarter. BOKF NA now owns 348 shares of the transportation company’s stock worth $58,000 after acquiring an additional 125 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

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.