Wall Street Zen Downgrades Landstar System (NASDAQ:LSTR) to Sell

Landstar System (NASDAQ:LSTR) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Thursday.

Other equities research analysts also recently issued research reports about the company. Susquehanna lowered their price objective on Landstar System from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. TD Cowen dropped their price objective on shares of Landstar System from $161.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday, April 3rd. UBS Group set a $154.00 target price on shares of Landstar System in a research report on Wednesday, May 14th. Benchmark restated a “hold” rating on shares of Landstar System in a report on Monday, April 14th. Finally, Evercore ISI cut their price target on shares of Landstar System from $137.00 to $136.00 and set an “in-line” rating on the stock in a research note on Wednesday, May 14th. Two analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. According to MarketBeat, Landstar System has a consensus rating of “Hold” and a consensus target price of $150.42.

Landstar System Price Performance

NASDAQ:LSTR opened at $137.01 on Thursday. The company’s 50-day moving average is $140.25 and its two-hundred day moving average is $160.91. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 24.82 and a beta of 0.92. Landstar System has a 12-month low of $128.99 and a 12-month high of $196.86.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Tuesday, May 13th. The transportation company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.07). The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.13 billion. Landstar System had a return on equity of 19.56% and a net margin of 4.07%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.32 EPS. Research analysts expect that Landstar System will post 6.1 EPS for the current year.

Institutional Investors Weigh In On Landstar System

Several large investors have recently made changes to their positions in LSTR. Ameriprise Financial Inc. boosted its position in Landstar System by 120.7% during the 4th quarter. Ameriprise Financial Inc. now owns 165,297 shares of the transportation company’s stock worth $28,408,000 after purchasing an additional 90,391 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Landstar System by 22.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 17,077 shares of the transportation company’s stock worth $2,935,000 after buying an additional 3,150 shares during the period. Pictet Asset Management Holding SA boosted its position in shares of Landstar System by 14.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,392 shares of the transportation company’s stock worth $927,000 after buying an additional 665 shares during the period. Boston Trust Walden Corp lifted its position in Landstar System by 21.1% during the 4th quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company’s stock worth $47,695,000 after acquiring an additional 48,312 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its holdings in Landstar System by 11.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,935 shares of the transportation company’s stock worth $504,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 97.95% 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, such as third party logistics and less-than-truckload services.