Landstar System (NASDAQ:LSTR) Price Target Raised to $185.00 at Susquehanna

Landstar System (NASDAQ:LSTR) had its price target increased by Susquehanna from $160.00 to $185.00 in a research report released on Wednesday,Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

A number of other analysts have also recently weighed in on the stock. Barclays increased their price target on shares of Landstar System from $130.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Robert W. Baird set a $164.00 target price on shares of Landstar System in a research note on Friday, January 30th. TD Cowen reissued a “hold” rating on shares of Landstar System in a report on Friday, January 9th. Truist Financial dropped their price target on Landstar System from $150.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, January 29th. Finally, Wall Street Zen raised Landstar System from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell 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 $155.55.

Landstar System Stock Performance

Shares of Landstar System stock opened at $177.37 on Wednesday. The firm’s fifty day simple moving average is $157.48 and its 200-day simple moving average is $146.02. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 53.59 and a beta of 0.80. Landstar System has a 12 month low of $119.32 and a 12 month high of $181.23. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75.

Institutional Trading of Landstar System

Several hedge funds and other institutional investors have recently made changes to their positions in the company. M&T Bank Corp increased its stake in shares of Landstar System by 151,424.4% during the fourth quarter. M&T Bank Corp now owns 6,294,325 shares of the transportation company’s stock worth $904,495,000 after acquiring an additional 6,290,171 shares during the period. Boston Partners lifted its position in Landstar System by 24.1% in the third quarter. Boston Partners now owns 1,761,526 shares of the transportation company’s stock valued at $216,242,000 after purchasing an additional 341,808 shares during the period. AQR Capital Management LLC boosted its holdings in Landstar System by 185.5% in the 4th quarter. AQR Capital Management LLC now owns 987,087 shares of the transportation company’s stock valued at $141,844,000 after purchasing an additional 641,319 shares in the last quarter. First Trust Advisors LP boosted its holdings in Landstar System by 31.8% in the 3rd quarter. First Trust Advisors LP now owns 964,297 shares of the transportation company’s stock valued at $118,184,000 after purchasing an additional 232,682 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Landstar System by 2.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 746,506 shares of the transportation company’s stock worth $91,492,000 after purchasing an additional 21,163 shares during the period. Hedge funds and other institutional investors own 97.95% of the company’s stock.

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.