Stifel Nicolaus Raises Landstar System (NASDAQ:LSTR) Price Target to $140.00

Landstar System (NASDAQ:LSTR) had its price objective hoisted by equities researchers at Stifel Nicolaus from $127.00 to $140.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price objective indicates a potential downside of 4.23% from the stock’s current price.

A number of other analysts have also commented on LSTR. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Landstar System in a research note on Monday, December 8th. Truist Financial decreased their price target on shares of Landstar System from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Wednesday, October 29th. Barclays cut their price objective on shares of Landstar System from $135.00 to $130.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th. Evercore ISI decreased their target price on shares of Landstar System from $132.00 to $125.00 and set an “in-line” rating on the stock in a research report on Tuesday, September 30th. Finally, Wells Fargo & Company started coverage on Landstar System in a report on Friday, December 5th. They set an “equal weight” rating and a $145.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $136.58.

Landstar System Price Performance

NASDAQ:LSTR traded down $0.17 during mid-day trading on Tuesday, hitting $146.19. 76,022 shares of the company’s stock traded hands, compared to its average volume of 392,826. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market cap of $5.02 billion, a PE ratio of 37.29 and a beta of 0.85. The firm’s 50 day simple moving average is $131.44 and its 200 day simple moving average is $133.06. Landstar System has a 1 year low of $119.32 and a 1 year high of $184.23.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.02). The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Landstar System had a return on equity of 17.24% and a net margin of 2.87%.The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the business earned $1.41 earnings per share. Sell-side analysts expect that Landstar System will post 6.1 EPS for the current year.

Institutional Investors Weigh In On Landstar System

A number of large investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its holdings in Landstar System by 16.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,609 shares of the transportation company’s stock valued at $527,000 after buying an additional 510 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in Landstar System by 41.2% during the second quarter. Harbor Capital Advisors Inc. now owns 45,346 shares of the transportation company’s stock valued at $6,304,000 after purchasing an additional 13,229 shares during the last quarter. Perigon Wealth Management LLC acquired a new stake in shares of Landstar System during the second quarter worth $357,000. Advantage Alpha Capital Partners LP bought a new position in shares of Landstar System in the 2nd quarter worth about $2,339,000. Finally, Public Employees Retirement System of Ohio grew its position in shares of Landstar System by 8.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 37,232 shares of the transportation company’s stock valued at $5,176,000 after buying an additional 2,758 shares during the last quarter. 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.