Landstar System, Inc. (NASDAQ:LSTR) has been given a consensus rating of “Hold” by the fifteen analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $115.62.

Several brokerages have issued reports on LSTR. Stifel Nicolaus reiterated a “hold” rating and set a $123.00 target price on shares of Landstar System in a research report on Wednesday, June 27th. Zacks Investment Research upgraded shares of Landstar System from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a research report on Thursday, June 28th. Credit Suisse Group dropped their target price on shares of Landstar System from $115.00 to $108.00 and set a “neutral” rating for the company in a research report on Monday, April 30th. Cowen reiterated a “market perform” rating and set a $108.00 target price (down from $118.00) on shares of Landstar System in a research report on Thursday, April 26th. Finally, Stephens reiterated a “buy” rating and set a $143.00 target price on shares of Landstar System in a research report on Monday, April 9th.

Landstar System traded down $1.35, hitting $110.85, during mid-day trading on Friday, Marketbeat Ratings reports. 165,745 shares of the stock traded hands, compared to its average volume of 267,062. The stock has a market cap of $4.79 billion, a P/E ratio of 29.56, a P/E/G ratio of 1.45 and a beta of 0.85. Landstar System has a 12-month low of $80.00 and a 12-month high of $118.60. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.10.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Wednesday, April 25th. The transportation company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.35 by $0.02. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Landstar System had a net margin of 5.17% and a return on equity of 27.86%. Landstar System’s revenue for the quarter was up 34.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.77 earnings per share. equities analysts forecast that Landstar System will post 5.83 earnings per share for the current fiscal year.

In other news, CMO Patrick J. O’malley sold 1,812 shares of the business’s stock in a transaction that occurred on Tuesday, June 12th. The shares were sold at an average price of $115.62, for a total value of $209,503.44. Following the completion of the sale, the chief marketing officer now directly owns 32,830 shares in the company, valued at approximately $3,795,804.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.90% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in LSTR. PNC Financial Services Group Inc. increased its stake in shares of Landstar System by 22.8% in the first quarter. PNC Financial Services Group Inc. now owns 3,080 shares of the transportation company’s stock worth $337,000 after buying an additional 572 shares during the period. Amalgamated Bank increased its stake in shares of Landstar System by 6.6% in the first quarter. Amalgamated Bank now owns 9,349 shares of the transportation company’s stock worth $1,025,000 after buying an additional 575 shares during the period. Flinton Capital Management LLC increased its stake in shares of Landstar System by 15.6% in the fourth quarter. Flinton Capital Management LLC now owns 4,564 shares of the transportation company’s stock worth $475,000 after buying an additional 616 shares during the period. Jane Street Group LLC increased its stake in shares of Landstar System by 26.9% in the first quarter. Jane Street Group LLC now owns 3,359 shares of the transportation company’s stock worth $368,000 after buying an additional 711 shares during the period. Finally, Bbva Compass Bancshares Inc. increased its position in Landstar System by 4.8% during the 1st quarter. Bbva Compass Bancshares Inc. now owns 15,937 shares of the transportation company’s stock valued at $1,748,000 after purchasing an additional 730 shares during the period. Hedge funds and other institutional investors own 97.29% of the company’s stock.

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, including third party logistics and less-than-truckload service providers.

Analyst Recommendations for Landstar System (NASDAQ:LSTR)

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