Landstar System (NASDAQ:LSTR) Downgraded by Wall Street Zen to "Sell"
Wall Street Zen has downgraded Landstar System (NASDAQ:LSTR) from a "hold" to a "sell" rating. Other analysts have also adjusted their price targets, with Truist Financial lowering it from $135 to $130, and UBS Group from $149 to $147. Currently, Landstar has a consensus rating of "Hold" with a target price of $134.60. The company reported earnings of $1.22 per share, missing estimates, and its revenue decreased by 0.7% year-over-year. Institutional investors own 97.95% of the stock.
Landstar System (NASDAQ:LSTR - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Sunday.
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LSTR has been the topic of several other research reports. Truist Financial lowered their target price on shares of Landstar System from $135.00 to $130.00 and set a "hold" rating on the stock in a report on Wednesday, October 29th. UBS Group decreased their price target on shares of Landstar System from $149.00 to $147.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 29th. TD Cowen dropped their price objective on shares of Landstar System from $135.00 to $127.00 and set a "hold" rating for the company in a report on Wednesday, October 29th. Susquehanna reduced their target price on Landstar System from $121.00 to $110.00 and set a "neutral" rating on the stock in a report on Wednesday, October 29th. Finally, Barclays decreased their target price on Landstar System from $135.00 to $130.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Landstar System presently has a consensus rating of "Hold" and a consensus target price of $134.60.
Check Out Our Latest Report on LSTR
Landstar System Stock Performance
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NASDAQ LSTR opened at $130.13 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.01 and a debt-to-equity ratio of 0.05. Landstar System has a twelve month low of $119.32 and a twelve month high of $196.86. The business has a 50-day moving average price of $127.64 and a 200-day moving average price of $133.82. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 33.20 and a beta of 0.83.
Landstar System (NASDAQ:LSTR - Get Free Report) last issued its earnings results on Tuesday, October 28th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.02). Landstar System had a net margin of 2.87% and a return on equity of 17.24%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the business posted $1.41 EPS. The firm's revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities research analysts predict that Landstar System will post 6.1 EPS for the current fiscal year.
Institutional Inflows and Outflows
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Hedge funds have recently bought and sold shares of the company. MAI Capital Management lifted its holdings in shares of Landstar System by 79.3% in the 2nd quarter. MAI Capital Management now owns 242 shares of the transportation company's stock worth $34,000 after acquiring an additional 107 shares during the last quarter. UMB Bank n.a. lifted its stake in Landstar System by 335.8% in the third quarter. UMB Bank n.a. now owns 292 shares of the transportation company's stock worth $36,000 after purchasing an additional 225 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Landstar System by 132.7% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company's stock valued at $37,000 after buying an additional 142 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Landstar System by 118.8% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 280 shares of the transportation company's stock valued at $39,000 after buying an additional 152 shares during the period. Finally, Hantz Financial Services Inc. grew its stake in shares of Landstar System by 7,650.0% during the second quarter. Hantz Financial Services Inc. now owns 310 shares of the transportation company's stock valued at $43,000 after buying an additional 306 shares during the last quarter. Institutional investors own 97.95% of the company's stock.
About Landstar System
(Get Free Report)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.
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