Wolfe Research Lowers Landstar System (NASDAQ:LSTR) to Peer Perform

Landstar System (NASDAQ:LSTR) was downgraded by investment analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a research report issued on Thursday, MarketBeat reports.

Several other research analysts have also weighed in on LSTR. Stifel Nicolaus cut their price objective on shares of Landstar System from $166.00 to $164.00 and set a “hold” rating on the stock in a report on Monday, April 29th. Evercore ISI lifted their price target on shares of Landstar System from $161.00 to $173.00 and gave the company an “in-line” rating in a report on Tuesday, June 25th. Morgan Stanley dropped their price objective on Landstar System from $147.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, July 8th. Raymond James began coverage on Landstar System in a report on Wednesday, May 15th. They issued an “outperform” rating and a $205.00 target price on the stock. Finally, Susquehanna dropped their price target on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, April 26th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $182.55.

Landstar System Stock Performance

Shares of LSTR opened at $180.56 on Thursday. Landstar System has a 1 year low of $161.13 and a 1 year high of $208.62. The company’s 50 day simple moving average is $181.31 and its 200 day simple moving average is $185.27. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 27.78 and a beta of 0.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.22 and a current ratio of 2.22.

Landstar System (NASDAQ:LSTR) last posted 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 business 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%. On average, sell-side analysts predict that Landstar System will post 6.29 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new position in Landstar System in the 4th quarter worth $64,175,000. Victory Capital Management Inc. lifted its stake in shares of Landstar System by 19.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,394,389 shares of the transportation company’s stock worth $270,024,000 after acquiring an additional 224,286 shares in the last quarter. UBS Group AG boosted its holdings in Landstar System by 359.9% in the fourth quarter. UBS Group AG now owns 80,077 shares of the transportation company’s stock valued at $15,507,000 after purchasing an additional 62,667 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in Landstar System by 21.4% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 337,271 shares of the transportation company’s stock valued at $65,013,000 after purchasing an additional 59,530 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Landstar System by 30.9% in the 1st quarter. Janus Henderson Group PLC now owns 180,955 shares of the transportation company’s stock valued at $34,880,000 after purchasing an additional 42,740 shares in the last quarter. 97.95% of the stock is currently owned by hedge funds and other 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.