Susquehanna Cuts Landstar System (NASDAQ:LSTR) Price Target to $130.00

Landstar System (NASDAQ:LSTR) had its price target dropped by stock analysts at Susquehanna from $150.00 to $130.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price indicates a potential downside of 12.92% from the company’s current price.

LSTR has been the subject of several other research reports. JPMorgan Chase & Co. reduced their price objective on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Stifel Nicolaus lifted their price target on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Truist Financial started coverage on Landstar System in a research note on Thursday, March 13th. They set a “hold” rating and a $160.00 price target on the stock. Finally, Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. According to data from MarketBeat, Landstar System has a consensus rating of “Hold” and an average price target of $166.73.

Landstar System Stock Performance

NASDAQ LSTR opened at $149.28 on Wednesday. The firm has a market cap of $5.27 billion, a P/E ratio of 27.04 and a beta of 0.82. Landstar System has a 52-week low of $144.13 and a 52-week high of $196.86. The business’s 50-day moving average price is $161.07 and its 200 day moving average price is $174.26. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. On average, equities research analysts expect that Landstar System will post 6.1 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Verition Fund Management LLC grew its stake in shares of Landstar System by 28.1% in the third quarter. Verition Fund Management LLC now owns 59,005 shares of the transportation company’s stock valued at $11,144,000 after buying an additional 12,931 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Landstar System by 419.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,682 shares of the transportation company’s stock valued at $695,000 after purchasing an additional 2,973 shares during the period. FMR LLC lifted its position in shares of Landstar System by 8.6% during the third quarter. FMR LLC now owns 162,222 shares of the transportation company’s stock worth $30,639,000 after purchasing an additional 12,894 shares in the last quarter. State Street Corp boosted its stake in shares of Landstar System by 1.4% in the third quarter. State Street Corp now owns 1,117,857 shares of the transportation company’s stock valued at $211,130,000 after purchasing an additional 15,328 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in Landstar System by 22.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,077 shares of the transportation company’s stock valued at $2,935,000 after purchasing an additional 3,150 shares in the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.

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.