Landstar System, Inc. (NASDAQ:LSTR) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Landstar System, Inc. (NASDAQ:LSTR) have been assigned an average rating of “Hold” from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $176.09.

A number of brokerages recently weighed in on LSTR. Raymond James lowered their target price on shares of Landstar System from $205.00 to $195.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. TD Cowen boosted their price objective on Landstar System from $171.00 to $176.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Wolfe Research lowered Landstar System from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 11th. JPMorgan Chase & Co. lifted their target price on Landstar System from $182.00 to $188.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, Susquehanna lifted their price objective on shares of Landstar System from $160.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st.

Landstar System Stock Performance

NASDAQ:LSTR opened at $181.64 on Tuesday. The company has a market capitalization of $6.50 billion, a PE ratio of 27.94 and a beta of 0.80. Landstar System has a fifty-two week low of $162.40 and a fifty-two week high of $201.40. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.17 and a current ratio of 2.17. The company has a 50 day simple moving average of $183.80 and a two-hundred day simple moving average of $182.43.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Landstar System by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 3,480,039 shares of the transportation company’s stock valued at $670,812,000 after acquiring an additional 25,387 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of Landstar System by 415.1% during the first quarter. Quantbot Technologies LP now owns 5,223 shares of the transportation company’s stock valued at $1,007,000 after buying an additional 4,209 shares during the last quarter. Van ECK Associates Corp grew its holdings in Landstar System by 36.5% during the first quarter. Van ECK Associates Corp now owns 16,177 shares of the transportation company’s stock worth $3,118,000 after buying an additional 4,327 shares in the last quarter. Sei Investments Co. raised its position in Landstar System by 17.9% in the 1st quarter. Sei Investments Co. now owns 72,248 shares of the transportation company’s stock valued at $13,926,000 after buying an additional 10,978 shares during the last quarter. Finally, Tidal Investments LLC lifted its stake in Landstar System by 125.4% during the 1st quarter. Tidal Investments LLC now owns 12,796 shares of the transportation company’s stock valued at $2,467,000 after acquiring an additional 7,118 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

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.