Landstar System (NASDAQ:LSTR) Rating Reiterated by Benchmark

Landstar System (NASDAQ:LSTR)‘s stock had its “hold” rating restated by Benchmark in a report released on Wednesday, Benzinga reports.

A number of other equities analysts have also weighed in on the stock. Susquehanna boosted their price objective on shares of Landstar System from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday. Morgan Stanley cut their price objective on shares of Landstar System from $147.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, July 8th. Evercore ISI boosted their price objective on shares of Landstar System from $161.00 to $173.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. TD Cowen upped their target price on shares of Landstar System from $171.00 to $176.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, Wolfe Research downgraded shares of Landstar System from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 11th. Twelve investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $179.91.

Landstar System Trading Down 0.6 %

Shares of NASDAQ:LSTR traded down $1.08 on Wednesday, reaching $192.79. 124,455 shares of the company traded hands, compared to its average volume of 270,908. The business’s 50-day simple moving average is $182.41 and its 200 day simple moving average is $184.92. Landstar System has a 52 week low of $161.13 and a 52 week high of $203.65. The stock has a market capitalization of $6.89 billion, a P/E ratio of 29.71 and a beta of 0.80. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.04.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.02. Landstar System had a return on equity of 23.11% and a net margin of 4.63%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the firm posted $1.85 EPS. The business’s revenue was down 10.8% on a year-over-year basis. As a group, equities analysts anticipate that Landstar System will post 6.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Landstar System

Hedge funds have recently added to or reduced their stakes in the business. Mather Group LLC. acquired a new stake in Landstar System during the 1st quarter worth approximately $27,000. Massmutual Trust Co. FSB ADV lifted its holdings in Landstar System by 108.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock worth $26,000 after buying an additional 74 shares in the last quarter. SRS Capital Advisors Inc. increased its position in shares of Landstar System by 209.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 192 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 130 shares during the last quarter. Montag A & Associates Inc. purchased a new stake in shares of Landstar System in the 4th quarter valued at approximately $48,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Landstar System in the 4th quarter valued at approximately $58,000. 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.