Landstar System (NASDAQ:LSTR) had its target price cut by equities research analysts at Buckingham Research from $127.00 to $121.00 in a report released on Friday, Stock Target Advisor reports. The firm presently has a “neutral” rating on the transportation company’s stock. Buckingham Research’s target price points to a potential upside of 13.21% from the company’s current price.

A number of other research analysts have also recently commented on the stock. BidaskClub upgraded shares of Landstar System from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 8th. Cowen restated a “market perform” rating and set a $113.00 price target (up previously from $108.00) on shares of Landstar System in a research note on Thursday, July 26th. Stifel Nicolaus upgraded shares of Landstar System from a “hold” rating to a “buy” rating and raised their price target for the stock from $123.00 to $128.00 in a research note on Monday, July 30th. Wells Fargo & Co upgraded shares of Landstar System from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $115.65 to $98.00 in a research note on Wednesday, August 22nd. Finally, ValuEngine upgraded shares of Landstar System from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $118.42.

NASDAQ LSTR opened at $106.88 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.82 and a quick ratio of 1.82. Landstar System has a twelve month low of $94.80 and a twelve month high of $128.70. The stock has a market capitalization of $5.01 billion, a P/E ratio of 28.50, a P/E/G ratio of 1.49 and a beta of 0.87.

Landstar System (NASDAQ:LSTR) last released its earnings results on Wednesday, July 25th. The transportation company reported $1.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.02). Landstar System had a net margin of 5.38% and a return on equity of 31.06%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the business posted $0.89 EPS. The firm’s quarterly revenue was up 35.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Landstar System will post 6.07 earnings per share for the current year.

In other Landstar System news, COO Joseph J. Beacom sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $119.52, for a total transaction of $358,560.00. Following the completion of the transaction, the chief operating officer now owns 33,702 shares in the company, valued at $4,028,063.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.90% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Landstar System by 18.0% during the second quarter. BlackRock Inc. now owns 5,021,679 shares of the transportation company’s stock worth $548,369,000 after buying an additional 764,662 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Landstar System by 9.4% during the second quarter. Victory Capital Management Inc. now owns 1,529,354 shares of the transportation company’s stock worth $167,005,000 after buying an additional 130,937 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Landstar System by 3.9% during the second quarter. Bank of New York Mellon Corp now owns 553,881 shares of the transportation company’s stock worth $60,484,000 after buying an additional 20,564 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Landstar System by 157.3% during the first quarter. Millennium Management LLC now owns 531,453 shares of the transportation company’s stock worth $58,274,000 after buying an additional 324,924 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Landstar System by 3.4% during the second quarter. Janus Henderson Group PLC now owns 528,754 shares of the transportation company’s stock worth $57,740,000 after buying an additional 17,248 shares in the last quarter. 97.30% of the stock is owned by institutional investors.

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.

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