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 to investors on Thursday.

A number of other research firms have also issued reports on LSTR. Susquehanna dropped their target price on Landstar System from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. UBS Group set a $154.00 price objective on shares of Landstar System in a research report on Wednesday, May 14th. JPMorgan Chase & Co. lowered their target price on shares of Landstar System from $177.00 to $147.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Jefferies Financial Group dropped their price target on shares of Landstar System from $170.00 to $150.00 and set a “hold” rating on the stock in a research note on Friday, April 11th. Finally, Stifel Nicolaus reduced their price objective on shares of Landstar System from $147.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, May 14th. Two research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $150.42.

Landstar System Stock Down 0.9%

LSTR stock opened at $137.01 on Thursday. The company has a market cap of $4.79 billion, a price-to-earnings ratio of 24.82 and a beta of 0.92. The company has a fifty day moving average price of $140.25 and a 200 day moving average price of $160.91. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. Landstar System has a 12 month low of $128.99 and a 12 month high of $196.86.

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

Hedge Funds Weigh In On Landstar System

Several hedge funds have recently bought and sold shares of the company. Colonial Trust Co SC grew its holdings in Landstar System by 61.7% in the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 71 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Landstar System by 35.3% in the first quarter. First Horizon Advisors Inc. now owns 322 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 84 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Landstar System by 2.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,099 shares of the transportation company’s stock valued at $465,000 after purchasing an additional 85 shares during the last quarter. State of Michigan Retirement System increased its stake in shares of Landstar System by 1.2% during the 1st quarter. State of Michigan Retirement System now owns 8,470 shares of the transportation company’s stock worth $1,272,000 after purchasing an additional 100 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of Landstar System by 1.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 9,900 shares of the transportation company’s stock worth $1,487,000 after purchasing an additional 100 shares in the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.

About Landstar System

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.