Landstar System, Inc. (NASDAQ:LSTR) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Monday.
A number of other research firms also recently weighed in on LSTR. Cowen and Company raised their price target on Landstar System from $76.00 to $82.00 and gave the stock a “market perform” rating in a research note on Thursday, April 27th. Stifel Nicolaus raised their price target on Landstar System from $81.00 to $87.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Finally, Zacks Investment Research raised Landstar System from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research note on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Landstar System presently has a consensus rating of “Hold” and an average target price of $85.50.
Landstar System (NASDAQ LSTR) opened at 89.45 on Monday. The stock’s 50 day moving average is $86.46 and its 200-day moving average is $85.37. Landstar System has a 1-year low of $65.05 and a 1-year high of $90.80. The firm has a market cap of $3.75 billion, a P/E ratio of 26.85 and a beta of 0.76.
Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Wednesday, April 26th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.04. The firm had revenue of $780.90 million during the quarter, compared to the consensus estimate of $757.56 million. Landstar System had a return on equity of 26.51% and a net margin of 4.34%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 EPS. Analysts forecast that Landstar System will post $3.55 EPS for the current year.
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Several large investors have recently bought and sold shares of LSTR. BlackRock Inc. increased its stake in Landstar System by 7,684.2% in the first quarter. BlackRock Inc. now owns 4,087,876 shares of the transportation company’s stock worth $350,127,000 after buying an additional 4,035,361 shares during the period. Vanguard Group Inc. increased its stake in Landstar System by 4.0% in the first quarter. Vanguard Group Inc. now owns 3,382,917 shares of the transportation company’s stock worth $289,747,000 after buying an additional 130,461 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in Landstar System by 2.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,049,928 shares of the transportation company’s stock worth $89,927,000 after buying an additional 24,645 shares during the period. Janus Capital Management LLC increased its stake in Landstar System by 10.6% in the first quarter. Janus Capital Management LLC now owns 659,739 shares of the transportation company’s stock worth $56,507,000 after buying an additional 63,085 shares during the period. Finally, First Quadrant L P CA increased its stake in Landstar System by 2.0% in the first quarter. First Quadrant L P CA now owns 399,924 shares of the transportation company’s stock worth $34,253,000 after buying an additional 8,027 shares during the period. 97.42% of the stock is owned by institutional investors.
About Landstar System
Landstar System, Inc (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs.
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