Susquehanna Trims Landstar System (NASDAQ:LSTR) Target Price to $160.00

Landstar System (NASDAQ:LSTR) had its price objective decreased by Susquehanna from $165.00 to $160.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target would suggest a potential downside of 9.36% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Wells Fargo & Company upped their target price on shares of Landstar System from $165.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. Wolfe Research raised shares of Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 price target for the company in a research report on Wednesday, January 10th. Stifel Nicolaus reduced their price target on shares of Landstar System from $171.00 to $166.00 and set a “hold” rating for the company in a research report on Friday, February 2nd. Finally, UBS Group upped their price target on shares of Landstar System from $175.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $184.09.

Landstar System Trading Down 0.5 %

Landstar System stock traded down $0.90 during mid-day trading on Friday, reaching $176.53. 36,015 shares of the company traded hands, compared to its average volume of 272,792. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.00 and a quick ratio of 2.00. The firm’s 50 day moving average price is $184.66 and its 200 day moving average price is $183.48. The firm has a market capitalization of $6.31 billion, a price-to-earnings ratio of 27.24, a P/E/G ratio of 4.51 and a beta of 0.83. Landstar System has a 52-week low of $161.13 and a 52-week high of $208.62.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Wednesday, April 24th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.04. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Landstar System had a net margin of 4.63% and a return on equity of 23.17%. On average, analysts anticipate that Landstar System will post 6.71 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Michael K. Kneller sold 12,219 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the completion of the transaction, the vice president now directly owns 61,127 shares in the company, valued at approximately $11,632,468.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of LSTR. Mariner LLC lifted its position in Landstar System by 0.9% in the third quarter. Mariner LLC now owns 9,448 shares of the transportation company’s stock worth $1,672,000 after buying an additional 87 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Landstar System by 4.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 277,741 shares of the transportation company’s stock worth $53,784,000 after buying an additional 11,370 shares during the last quarter. Royal Bank of Canada lifted its position in Landstar System by 6.3% in the third quarter. Royal Bank of Canada now owns 335,747 shares of the transportation company’s stock worth $59,407,000 after buying an additional 19,920 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in Landstar System by 63.3% in the third quarter. Qube Research & Technologies Ltd now owns 205,239 shares of the transportation company’s stock worth $36,315,000 after buying an additional 79,536 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Landstar System in the third quarter worth $630,000. 97.95% of the stock is currently owned by 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.