Landstar System (NASDAQ:LSTR) Is a Company that Susquehanna Seems to Dislike as Downgrade in Given

July 13, 2018 - By Mark Mitchell

Landstar System, Inc. (NASDAQ:LSTR) Logo

Investors sentiment decreased to 0.86 in Q1 2018. Its down 0.14, from 1 in 2017Q4. It is negative, as 23 investors sold Landstar System, Inc. shares while 116 reduced holdings. 40 funds opened positions while 79 raised stakes. 39.26 million shares or 2.19% less from 40.14 million shares in 2017Q4 were reported.

Sg Americas Securities Limited Liability Corporation stated it has 7,839 shares. First Quadrant Lp Ca has invested 0.1% in Landstar System, Inc. (NASDAQ:LSTR). Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in Landstar System, Inc. (NASDAQ:LSTR). Texas Permanent School Fund, a Texas-based fund reported 27,799 shares. Parametric Associates Limited Liability Company owns 0.01% invested in Landstar System, Inc. (NASDAQ:LSTR) for 111,541 shares. Amalgamated Bancorporation holds 0.03% or 9,349 shares in its portfolio. Bnp Paribas Arbitrage Sa reported 2,602 shares. Balyasny Asset Mngmt Llc invested 0% in Landstar System, Inc. (NASDAQ:LSTR). Products Ptnrs Ltd Limited Liability Company holds 77,423 shares or 0.29% of its portfolio. Ironwood Investment Counsel Ltd Liability Co reported 3,145 shares. Rafferty Asset Limited Company has invested 0.01% in Landstar System, Inc. (NASDAQ:LSTR). Fifth Third Bancshares reported 1,432 shares. Fred Alger Incorporated has 121 shares. Jensen Mgmt Inc reported 7,210 shares. 504,112 were accumulated by Invesco Ltd.

Since June 11, 2018, it had 0 insider buys, and 1 sale for $209,495 activity.

Landstar System (NASDAQ:LSTR) Receives a Downgrade

In a report shared with investors and clients on Friday, 13 July, Susquehanna has decided to downgraded rating on Landstar System (NASDAQ:LSTR) shares to a Neutral. LSTR’s prior rating was a Positive.

Landstar System, Inc. (NASDAQ:LSTR) Ratings Coverage

Among 9 analysts covering Landstar System Inc (NASDAQ:LSTR), 4 have Buy rating, 1 Sell and 4 Hold. Therefore 44% are positive. Landstar System Inc has $14300 highest and $94 lowest target. $122.75’s average target is 10.84% above currents $110.75 stock price. Landstar System Inc had 13 analyst reports since February 1, 2018 according to SRatingsIntel. The stock has “Buy” rating by Goldman Sachs on Tuesday, April 10. The stock of Landstar System, Inc. (NASDAQ:LSTR) earned “Neutral” rating by Buckingham Research on Friday, February 2. Robert W. Baird maintained it with “Hold” rating and $121.0 target in Thursday, February 1 report. KeyBanc Capital Markets maintained it with “Buy” rating and $125.0 target in Thursday, February 1 report. Morgan Stanley maintained the stock with “Underweight” rating in Monday, February 26 report. The stock of Landstar System, Inc. (NASDAQ:LSTR) earned “Neutral” rating by Credit Suisse on Monday, April 30. The stock of Landstar System, Inc. (NASDAQ:LSTR) earned “Hold” rating by Stifel Nicolaus on Tuesday, June 19. The stock has “Buy” rating by Stephens on Monday, April 9. Susquehanna maintained it with “Buy” rating and $13500 target in Monday, April 16 report. Morgan Stanley maintained Landstar System, Inc. (NASDAQ:LSTR) on Friday, April 6 with “Underweight” rating.

The stock decreased 0.09% or $0.1 during the last trading session, reaching $110.75. About 124,437 shares traded. Landstar System, Inc. (NASDAQ:LSTR) has risen 36.03% since July 13, 2017 and is uptrending. It has outperformed by 23.46% the S&P500.

Analysts await Landstar System, Inc. (NASDAQ:LSTR) to report earnings on July, 25 after the close. They expect $1.51 earnings per share, up 69.66 % or $0.62 from last year’s $0.89 per share. LSTR’s profit will be $63.52 million for 18.34 P/E if the $1.51 EPS becomes a reality. After $1.37 actual earnings per share reported by Landstar System, Inc. for the previous quarter, Wall Street now forecasts 10.22 % EPS growth.

Landstar System, Inc. provides integrated transportation management solutions in the United States and internationally. The company has market cap of $4.66 billion. It operates through two divisions, Transportation Logistics and Insurance. It has a 23.02 P/E ratio. 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, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, including logistics and less-than-truckload service providers.

Another recent and important Landstar System, Inc. (NASDAQ:LSTR) news was published by which published an article titled: “Landstar to Release Second Quarter Results on Wednesday, July 25, 2018” on July 11, 2018.

Landstar System, Inc. (NASDAQ:LSTR) Institutional Positions Chart

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