UBS Group Forecasts Strong Price Appreciation for Landstar System (NASDAQ:LSTR) Stock

Landstar System (NASDAQ:LSTR) had its price target upped by research analysts at UBS Group from $184.00 to $186.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. UBS Group’s price target indicates a potential upside of 5.82% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. upped their price target on shares of Landstar System from $182.00 to $188.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Morgan Stanley dropped their target price on Landstar System from $147.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, July 8th. TD Cowen dropped their price objective on Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a research report on Wednesday. The Goldman Sachs Group decreased their price target 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. Finally, Evercore ISI reduced their price objective on shares of Landstar System from $167.00 to $165.00 and set an “in-line” rating for the company in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $174.67.

Landstar System Stock Performance

Shares of NASDAQ:LSTR opened at $175.77 on Wednesday. Landstar System has a one year low of $163.37 and a one year high of $201.40. The firm has a market cap of $6.23 billion, a PE ratio of 30.15 and a beta of 0.80. The firm’s 50 day simple moving average is $183.40 and its 200-day simple moving average is $182.40. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.17 and a current ratio of 2.21.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Tuesday, October 29th. The transportation company reported $1.41 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.05). Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the business posted $1.71 EPS. The business’s quarterly revenue was down 5.8% on a year-over-year basis. As a group, equities analysts predict that Landstar System will post 5.77 EPS for the current year.

Hedge Funds Weigh In On Landstar System

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Landstar System by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,480,039 shares of the transportation company’s stock valued at $670,812,000 after purchasing an additional 25,387 shares during the period. Victory Capital Management Inc. boosted its position in Landstar System by 6.2% in the second quarter. Victory Capital Management Inc. now owns 1,697,093 shares of the transportation company’s stock valued at $313,080,000 after buying an additional 99,461 shares during the last quarter. Boston Partners increased its holdings in Landstar System by 1.0% in the 1st quarter. Boston Partners now owns 1,586,286 shares of the transportation company’s stock worth $305,671,000 after buying an additional 15,424 shares during the period. Dimensional Fund Advisors LP raised its position in Landstar System by 6.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 594,895 shares of the transportation company’s stock worth $109,743,000 after buying an additional 37,020 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Landstar System by 2.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 429,315 shares of the transportation company’s stock valued at $82,755,000 after acquiring an additional 10,538 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 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.