Landstar System, Inc. (NASDAQ:LSTR) Receives Consensus Rating of “Hold” from Analysts

Shares of Landstar System, Inc. (NASDAQ:LSTR) have been given a consensus rating of “Hold” by the twelve analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $176.09.

A number of brokerages recently commented on LSTR. Benchmark reiterated a “hold” rating on shares of Landstar System in a report on Wednesday, July 31st. The Goldman Sachs Group lowered their target price on Landstar System from $165.00 to $158.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. Susquehanna raised their price objective on shares of Landstar System from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Wolfe Research lowered shares of Landstar System from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 11th. Finally, JPMorgan Chase & Co. increased their target price on shares of Landstar System from $182.00 to $188.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LSTR. Massmutual Trust Co. FSB ADV lifted its position in shares of Landstar System by 108.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock worth $26,000 after acquiring an additional 74 shares in the last quarter. Mather Group LLC. bought a new position in Landstar System in the 1st quarter worth about $27,000. Quest Partners LLC bought a new position in Landstar System in the 2nd quarter worth about $73,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Landstar System by 431.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock valued at $83,000 after buying an additional 358 shares during the period. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Landstar System during the first quarter valued at about $86,000. 97.95% of the stock is owned by institutional investors.

Landstar System Price Performance

Landstar System stock opened at $181.64 on Tuesday. Landstar System has a 52 week low of $162.40 and a 52 week high of $201.40. The company’s 50 day moving average price is $183.80 and its two-hundred day moving average price is $182.43. The stock has a market cap of $6.50 billion, a P/E ratio of 27.94 and a beta of 0.80. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.05.

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.