Landstar System (NASDAQ:LSTR) Price Target Raised to $169.00 at Stifel Nicolaus

Landstar System (NASDAQ:LSTR) had its price target hoisted by equities research analysts at Stifel Nicolaus from $164.00 to $169.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price target points to a potential downside of 4.95% from the stock’s current price.

Several other research analysts also recently weighed in on the company. Susquehanna dropped their price target on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. TD Cowen reduced their price objective on Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Evercore ISI lowered their target price on Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a research report on Wednesday, October 30th. Stephens decreased their price target on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group reduced their target price on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating on the stock in a report on Wednesday, October 9th. One 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $172.27.

Landstar System Trading Up 0.3 %

LSTR traded up $0.47 during trading on Thursday, hitting $177.80. 31,098 shares of the stock traded hands, compared to its average volume of 309,452. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.21 and a quick ratio of 2.21. The firm has a 50-day moving average of $178.69 and a 200 day moving average of $182.37. The firm has a market capitalization of $6.28 billion, a P/E ratio of 30.46 and a beta of 0.83. Landstar System has a 12-month low of $164.04 and a 12-month high of $200.43.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.04). The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.22 billion. Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.71 earnings per share. Equities research analysts anticipate that Landstar System will post 5.57 EPS for the current year.

Insiders Place Their Bets

In related news, CFO James P. Todd sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $184.32, for a total transaction of $184,320.00. Following the sale, the chief financial officer now directly owns 14,083 shares of the company’s stock, valued at $2,595,778.56. This trade represents a 6.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by insiders.

Institutional Trading of Landstar System

Several large investors have recently bought and sold shares of the business. Trust Co. of Vermont acquired a new stake in Landstar System during the fourth quarter worth $34,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Landstar System by 431.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock valued at $83,000 after acquiring an additional 358 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Landstar System by 14.1% in the third quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock valued at $107,000 after purchasing an additional 70 shares during the period. Point72 DIFC Ltd purchased a new stake in Landstar System during the 2nd quarter worth about $106,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Landstar System in the 2nd quarter valued at about $131,000. 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 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.