JPMorgan Chase & Co. Increases Landstar System (NASDAQ:LSTR) Price Target to $188.00

Landstar System (NASDAQ:LSTR) had its target price upped by investment analysts at JPMorgan Chase & Co. from $182.00 to $188.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 2.10% from the stock’s previous close.

LSTR has been the topic of several other reports. Raymond James cut their target price on Landstar System from $205.00 to $195.00 and set an “outperform” rating on the stock in a report on Wednesday. Susquehanna raised their target price on Landstar System from $160.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday. Wolfe Research lowered Landstar System from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 11th. Evercore ISI lifted their price objective on Landstar System from $161.00 to $173.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. Finally, TD Cowen lifted their price objective on Landstar System from $171.00 to $176.00 and gave the stock a “hold” rating in a research note on Wednesday. Twelve analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $180.09.

Landstar System Price Performance

Shares of NASDAQ LSTR traded down $1.84 during mid-day trading on Wednesday, reaching $192.03. The company had a trading volume of 151,712 shares, compared to its average volume of 271,095. The stock has a market cap of $6.87 billion, a PE ratio of 29.50 and a beta of 0.80. The company has a 50-day moving average price of $182.41 and a two-hundred day moving average price of $184.92. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.04. Landstar System has a 1-year low of $161.13 and a 1-year high of $203.65.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Tuesday, July 30th. The transportation company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.46 by $0.02. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Landstar System had a return on equity of 23.11% and a net margin of 4.63%. Landstar System’s revenue was down 10.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.85 earnings per share. On average, equities analysts anticipate that Landstar System will post 6.24 earnings per share for the current year.

Institutional Trading of Landstar System

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position 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 acquiring an additional 25,387 shares during the last quarter. Boston Partners increased its position in shares of Landstar System by 1.0% in the first quarter. Boston Partners now owns 1,586,286 shares of the transportation company’s stock valued at $305,671,000 after acquiring an additional 15,424 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Landstar System by 19.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,394,389 shares of the transportation company’s stock valued at $270,024,000 after acquiring an additional 224,286 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Landstar System by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 555,085 shares of the transportation company’s stock valued at $107,496,000 after acquiring an additional 21,395 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Landstar System by 1.8% in the fourth quarter. Wells Fargo & Company MN now owns 437,754 shares of the transportation company’s stock valued at $84,771,000 after acquiring an additional 7,669 shares during the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

Landstar System Company Profile

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.