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

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

A number of other equities analysts also recently issued reports on LSTR. Robert W. Baird decreased their price objective on Landstar System from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Wednesday, July 29th. Barclays boosted their target price on shares of Landstar System from $155.00 to $190.00 and gave the company an “equal weight” rating in a report on Thursday, June 25th. Morgan Stanley reiterated an “underweight” rating and issued a $145.00 price target on shares of Landstar System in a research note on Monday, July 6th. UBS Group reissued a “neutral” rating and set a $195.00 price target on shares of Landstar System in a research report on Wednesday, July 29th. Finally, Susquehanna boosted their price objective on shares of Landstar System from $195.00 to $230.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $196.00.

Landstar System Price Performance

LSTR stock opened at $180.03 on Friday. Landstar System has a fifty-two week low of $119.32 and a fifty-two week high of $228.46. The business’s 50 day moving average price is $195.27 and its two-hundred day moving average price is $182.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.82 and a current ratio of 1.82. The company has a market capitalization of $6.11 billion, a price-to-earnings ratio of 46.64 and a beta of 0.90.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Tuesday, July 28th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.05). Landstar System had a return on equity of 20.84% and a net margin of 2.64%.The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the company posted $1.20 EPS. The firm’s revenue was up 18.2% on a year-over-year basis. As a group, analysts forecast that Landstar System will post 5.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Landstar System

In other news, Director Diana M. Murphy sold 11,246 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $221.28, for a total value of $2,488,514.88. Following the sale, the director directly owned 18,853 shares of the company’s stock, valued at approximately $4,171,791.84. This represents a 37.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO James P. Todd sold 1,200 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $218.17, for a total value of $261,804.00. Following the transaction, the chief financial officer owned 15,122 shares of the company’s stock, valued at $3,299,166.74. The trade was a 7.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.74% of the company’s stock.

Institutional Trading of Landstar System

Institutional investors and hedge funds have recently bought and sold shares of the company. Los Angeles Capital Management LLC bought a new position in shares of Landstar System in the fourth quarter worth approximately $25,000. Quarry LP bought a new stake in shares of Landstar System during the third quarter valued at approximately $25,000. Global Retirement Partners LLC raised its holdings in Landstar System by 320.0% in the 4th quarter. Global Retirement Partners LLC now owns 189 shares of the transportation company’s stock worth $27,000 after acquiring an additional 144 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Landstar System in the 2nd quarter worth approximately $35,000. Finally, Geneos Wealth Management Inc. lifted its position in Landstar System by 132.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 142 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors.

About Landstar System

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.