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

Landstar System (NASDAQ:LSTR) had its price objective reduced by investment analysts at Susquehanna from $165.00 to $160.00 in a report released on Friday, Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price suggests a potential downside of 10.07% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Wolfe Research cut shares of Landstar System from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 11th. Stifel Nicolaus lowered their target price on shares of Landstar System from $164.00 to $160.00 and set a “hold” rating for the company in a report on Thursday, August 1st. Evercore ISI decreased their price objective on Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a research note on Wednesday. The Goldman Sachs Group lowered their price target on Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a research note on Wednesday, October 9th. Finally, TD Cowen reduced their price target on shares of Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Landstar System currently has a consensus rating of “Hold” and a consensus target price of $174.25.

Landstar System Stock Performance

Shares of NASDAQ LSTR traded up $2.14 during mid-day trading on Friday, hitting $177.91. The company had a trading volume of 42,370 shares, compared to its average volume of 259,173. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.21 and a quick ratio of 2.17. Landstar System has a 12 month low of $165.39 and a 12 month high of $201.40. The firm’s 50 day simple moving average is $183.19 and its two-hundred day simple moving average is $182.36. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 30.24 and a beta of 0.80.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.05). Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business posted $1.71 earnings per share. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. As a group, equities research analysts forecast that Landstar System will post 5.77 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV increased its stake in Landstar System by 108.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock valued at $26,000 after buying an additional 74 shares during the last quarter. Quest Partners LLC bought a new position in Landstar System during the second quarter valued at $73,000. Mather Group LLC. increased its position in Landstar System by 183.5% in the second quarter. Mather Group LLC. now owns 394 shares of the transportation company’s stock worth $76,000 after buying an additional 255 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Landstar System by 431.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock valued at $83,000 after acquiring an additional 358 shares during the period. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Landstar System during the first quarter worth $86,000. 97.95% of the stock is 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.