JPMorgan Chase & Co. Lowers Landstar System (NASDAQ:LSTR) Price Target to $177.00

Landstar System (NASDAQ:LSTR) had its target price reduced by equities researchers at JPMorgan Chase & Co. from $184.00 to $177.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 5.61% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Stephens reduced their target price on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. Raymond James lowered shares of Landstar System from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. The Goldman Sachs Group dropped their target price on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. TD Cowen lowered their price objective on shares of Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. Finally, Susquehanna decreased their target price on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $171.27.

Landstar System Stock Down 3.1 %

Shares of LSTR stock traded down $5.33 on Thursday, hitting $167.60. The stock had a trading volume of 130,409 shares, compared to its average volume of 299,428. Landstar System has a 12-month low of $164.04 and a 12-month high of $197.16. The business has a 50 day moving average of $177.67 and a 200 day moving average of $182.26. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.21 and a quick ratio of 2.21. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 28.72 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Landstar System had a return on equity of 20.68% and a net margin of 4.32%. As a group, analysts expect that Landstar System will post 5.57 EPS for the current year.

Insider Buying and Selling

In other Landstar System news, CFO James P. Todd sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total transaction of $184,320.00. Following the transaction, the chief financial officer now owns 14,083 shares in the company, valued at approximately $2,595,778.56. This represents a 6.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Landstar System

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp increased its position in shares of Landstar System by 26.6% during the 4th quarter. Van ECK Associates Corp now owns 31,836 shares of the transportation company’s stock valued at $5,471,000 after purchasing an additional 6,680 shares during the last quarter. Portfolio Design Labs LLC increased its position in shares of Landstar System by 41.7% during the 4th quarter. Portfolio Design Labs LLC now owns 10,361 shares of the transportation company’s stock valued at $1,781,000 after purchasing an additional 3,048 shares during the last quarter. Empowered Funds LLC increased its position in shares of Landstar System by 44.9% during the 4th quarter. Empowered Funds LLC now owns 3,389 shares of the transportation company’s stock valued at $582,000 after purchasing an additional 1,050 shares during the last quarter. Apollon Wealth Management LLC increased its position in shares of Landstar System by 21.1% during the 4th quarter. Apollon Wealth Management LLC now owns 3,600 shares of the transportation company’s stock valued at $619,000 after purchasing an additional 628 shares during the last quarter. Finally, Vest Financial LLC increased its position in shares of Landstar System by 68.9% during the 4th quarter. Vest Financial LLC now owns 14,088 shares of the transportation company’s stock valued at $2,421,000 after purchasing an additional 5,749 shares during the last quarter. 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 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.