Landstar System (NASDAQ:LSTR) Given New $160.00 Price Target at Susquehanna

Landstar System (NASDAQ:LSTR) had its target price reduced by equities researchers at Susquehanna from $165.00 to $160.00 in a report released on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective suggests a potential downside of 9.74% from the company’s previous close.

A number of other research firms have also recently issued reports on LSTR. Wolfe Research upgraded Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 target price on the stock in a research note on Wednesday, January 10th. UBS Group raised their target price on Landstar System from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Stifel Nicolaus cut their target price on Landstar System from $171.00 to $166.00 and set a “hold” rating on the stock in a research note on Friday, February 2nd. Finally, Wells Fargo & Company raised their target price on Landstar System from $165.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Landstar System currently has an average rating of “Hold” and a consensus target price of $184.09.

Landstar System Stock Performance

Shares of LSTR opened at $177.26 on Friday. The business’s fifty day moving average price is $184.33 and its 200 day moving average price is $183.50. Landstar System has a 12-month low of $161.13 and a 12-month high of $208.62. The stock has a market capitalization of $6.34 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 4.67 and a beta of 0.83. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.22 and a quick ratio of 2.00.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.04. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Landstar System had a return on equity of 23.11% and a net margin of 4.63%. Equities research analysts forecast that Landstar System will post 6.69 EPS for the current year.

Insider Activity at Landstar System

In related news, VP Michael K. Kneller sold 12,219 shares of Landstar System stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the sale, the vice president now directly owns 61,127 shares in the company, valued at $11,632,468.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Simplicity Wealth LLC acquired a new position in Landstar System during the first quarter worth about $846,000. Louisiana State Employees Retirement System grew its holdings in Landstar System by 2.0% during the first quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the transportation company’s stock worth $1,985,000 after acquiring an additional 200 shares during the period. Wesbanco Bank Inc. acquired a new position in Landstar System during the first quarter worth about $509,000. Confluence Wealth Services Inc. grew its holdings in Landstar System by 8.9% during the first quarter. Confluence Wealth Services Inc. now owns 4,575 shares of the transportation company’s stock worth $882,000 after acquiring an additional 374 shares during the period. Finally, Raymond James & Associates grew its holdings in Landstar System by 2.3% during the first quarter. Raymond James & Associates now owns 145,164 shares of the transportation company’s stock worth $27,982,000 after acquiring an additional 3,236 shares during the period. 97.95% of the stock is owned by institutional investors and hedge funds.

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.