Landstar System (NASDAQ:LSTR) Raised to Hold at Wall Street Zen

Landstar System (NASDAQ:LSTR) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

LSTR has been the subject of several other reports. Weiss Ratings restated a “sell (d+)” rating on shares of Landstar System in a report on Monday, December 22nd. Zacks Research raised shares of Landstar System from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Wells Fargo & Company assumed coverage on shares of Landstar System in a report on Friday, December 5th. They issued an “equal weight” rating and a $145.00 price objective for the company. Stifel Nicolaus lifted their target price on shares of Landstar System from $127.00 to $140.00 and gave the stock a “hold” rating in a research note on Tuesday, December 16th. Finally, Susquehanna dropped their price target on shares of Landstar System from $121.00 to $110.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $136.58.

Landstar System Stock Up 1.0%

LSTR stock opened at $146.02 on Friday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average of $133.20 and a two-hundred day moving average of $132.88. Landstar System has a 12 month low of $119.32 and a 12 month high of $179.74. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 37.25 and a beta of 0.85.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Tuesday, October 28th. The transportation company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.02). The company had revenue of $1.21 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the firm earned $1.41 earnings per share. As a group, analysts forecast that Landstar System will post 6.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Landstar System

A number of hedge funds have recently made changes to their positions in LSTR. Quarry LP purchased a new stake in Landstar System in the third quarter valued at approximately $25,000. MAI Capital Management boosted its position in shares of Landstar System by 79.3% during the second quarter. MAI Capital Management now owns 242 shares of the transportation company’s stock worth $34,000 after buying an additional 107 shares during the period. UMB Bank n.a. grew its stake in shares of Landstar System by 335.8% in the third quarter. UMB Bank n.a. now owns 292 shares of the transportation company’s stock valued at $36,000 after buying an additional 225 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Landstar System by 132.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock valued at $37,000 after buying an additional 142 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in Landstar System by 118.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 280 shares of the transportation company’s stock worth $39,000 after acquiring an additional 152 shares in the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.

About Landstar System

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.