Landstar System (NASDAQ:LSTR) Given New $147.00 Price Target at JPMorgan Chase & Co.

Landstar System (NASDAQ:LSTR) had its price objective dropped by investment analysts at JPMorgan Chase & Co. from $177.00 to $147.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 3.09% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Truist Financial dropped their price objective on shares of Landstar System from $160.00 to $150.00 and set a “hold” rating on the stock in a report on Thursday. TD Cowen cut their price objective on shares of Landstar System from $161.00 to $145.00 and set a “hold” rating for the company in a report on Thursday. Benchmark reiterated a “hold” rating on shares of Landstar System in a research note on Thursday. Stifel Nicolaus increased their target price on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Finally, Susquehanna cut their price target on Landstar System from $150.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating and twelve have given a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $160.45.

Landstar System Stock Down 6.1 %

Shares of NASDAQ:LSTR traded down $9.33 during mid-day trading on Thursday, hitting $142.60. 209,212 shares of the company traded hands, compared to its average volume of 274,880. The stock has a market cap of $5.04 billion, a P/E ratio of 25.83 and a beta of 0.82. The stock has a 50-day moving average price of $157.89 and a two-hundred day moving average price of $172.99. Landstar System has a 12-month low of $142.02 and a 12-month high of $196.86. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. On average, equities research analysts forecast that Landstar System will post 6.1 earnings per share for the current year.

Institutional Investors Weigh In On Landstar System

Institutional investors and hedge funds have recently bought and sold shares of the stock. Golden State Wealth Management LLC bought a new position in shares of Landstar System in the 4th quarter worth $25,000. HM Payson & Co. bought a new position in Landstar System in the fourth quarter valued at $26,000. Colonial Trust Co SC increased its stake in Landstar System by 61.7% in the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 71 shares during the last quarter. Trust Co. of Vermont purchased a new stake in Landstar System during the fourth quarter valued at about $34,000. Finally, BOKF NA lifted its stake in Landstar System by 56.1% during the fourth quarter. BOKF NA now owns 348 shares of the transportation company’s stock worth $58,000 after purchasing an additional 125 shares during the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.

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.