Deutsche Bank Analysts Give Landstar System (NASDAQ:LSTR) a $107.00 Price Target

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Deutsche Bank set a $107.00 price target on Landstar System (NASDAQ:LSTR) in a research report report published on Thursday, Stock Target Advisor reports. The brokerage currently has a hold rating on the transportation company’s stock.

A number of other research firms also recently commented on LSTR. Stephens set a $112.00 target price on Genesee & Wyoming and gave the company a hold rating in a report on Monday, July 1st. Wolfe Research raised Covenant Transportation Group from an underperform rating to a peer perform rating in a report on Friday, June 28th. Buckingham Research downgraded At Home Group from a buy rating to an underperform rating in a report on Friday, June 7th. Stifel Nicolaus lifted their price target on Western Digital from $48.00 to $55.00 and gave the stock a buy rating in a research note on Tuesday, April 30th. Finally, Raymond James reaffirmed a buy rating and set a $26.00 price target on shares of Propetro in a research note on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $109.44.

Landstar System stock opened at $109.05 on Thursday. Landstar System has a one year low of $90.23 and a one year high of $128.70. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.10. The firm has a fifty day simple moving average of $103.29. The firm has a market capitalization of $4.38 billion, a P/E ratio of 17.65, a P/E/G ratio of 1.45 and a beta of 1.26.

Landstar System (NASDAQ:LSTR) last released its earnings results on Wednesday, April 24th. The transportation company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.06. Landstar System had a return on equity of 37.24% and a net margin of 5.68%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the company earned $1.37 earnings per share. Landstar System’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, equities analysts anticipate that Landstar System will post 6.28 EPS for the current fiscal year.

In related news, CMO Patrick J. O’malley sold 23,000 shares of Landstar System stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $110.82, for a total transaction of $2,548,860.00. Following the completion of the sale, the chief marketing officer now owns 20,929 shares in the company, valued at approximately $2,319,351.78. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Joseph J. Beacom sold 5,000 shares of Landstar System stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $114.12, for a total value of $570,600.00. Following the sale, the chief operating officer now owns 45,924 shares of the company’s stock, valued at approximately $5,240,846.88. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its holdings in Landstar System by 2.7% during the fourth quarter. Bank of New York Mellon Corp now owns 548,822 shares of the transportation company’s stock valued at $52,505,000 after buying an additional 14,561 shares during the last quarter. Northern Trust Corp increased its holdings in Landstar System by 50.7% during the fourth quarter. Northern Trust Corp now owns 609,236 shares of the transportation company’s stock valued at $58,285,000 after buying an additional 205,055 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in Landstar System by 21.1% during the fourth quarter. Great West Life Assurance Co. Can now owns 45,432 shares of the transportation company’s stock valued at $4,186,000 after buying an additional 7,930 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Landstar System by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 556,273 shares of the transportation company’s stock valued at $53,219,000 after buying an additional 30,488 shares during the last quarter. Finally, California State Teachers Retirement System increased its holdings in Landstar System by 2.4% during the fourth quarter. California State Teachers Retirement System now owns 65,599 shares of the transportation company’s stock valued at $6,276,000 after buying an additional 1,519 shares during the last quarter. Hedge funds and other institutional investors own 98.66% 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 service providers.

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Analyst Recommendations for Landstar System (NASDAQ:LSTR)

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