Susquehanna Cuts Landstar System (NASDAQ:LSTR) Price Target to $120.00

Landstar System (NASDAQ:LSTR) had its price objective decreased by analysts at Susquehanna from $130.00 to $120.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective suggests a potential downside of 10.41% from the stock’s previous close.

A number of other research firms have also weighed in on LSTR. Stifel Nicolaus boosted their price target on shares of Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Benchmark reiterated a “hold” rating on shares of Landstar System in a report on Thursday. JPMorgan Chase & Co. dropped their price target on shares of Landstar System from $177.00 to $147.00 and set a “neutral” rating for the company in a research note on Thursday. TD Cowen decreased 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. Finally, Truist Financial cut their price target on Landstar System from $160.00 to $150.00 and set a “hold” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating and twelve have given a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $159.55.

Landstar System Price Performance

Shares of NASDAQ:LSTR traded down $2.69 during midday trading on Monday, reaching $133.95. 73,797 shares of the company’s stock traded hands, compared to its average volume of 277,687. The company has a market cap of $4.73 billion, a P/E ratio of 24.40 and a beta of 0.88. The company has a fifty day simple moving average of $156.41 and a two-hundred day simple moving average of $172.27. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96. Landstar System has a 1 year low of $130.22 and a 1 year high of $196.86.

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

Institutional Investors Weigh In On Landstar System

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC raised its stake in Landstar System by 8.6% during the 3rd quarter. FMR LLC now owns 162,222 shares of the transportation company’s stock valued at $30,639,000 after acquiring an additional 12,894 shares during the last quarter. IHT Wealth Management LLC lifted its holdings in shares of Landstar System by 97.3% during the third quarter. IHT Wealth Management LLC now owns 2,358 shares of the transportation company’s stock worth $442,000 after purchasing an additional 1,163 shares during the period. Point72 Asset Management L.P. grew its position in Landstar System by 625.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 33,600 shares of the transportation company’s stock valued at $6,346,000 after buying an additional 28,971 shares during the last quarter. Stifel Financial Corp increased its stake in Landstar System by 0.8% in the 3rd quarter. Stifel Financial Corp now owns 85,120 shares of the transportation company’s stock valued at $16,077,000 after buying an additional 696 shares during the period. Finally, State Street Corp raised its position in Landstar System by 1.4% during the 3rd quarter. State Street Corp now owns 1,117,857 shares of the transportation company’s stock worth $211,130,000 after buying an additional 15,328 shares during 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.