Just How Negative is Goldman Following Their Downgrade of Landstar System (NASDAQ:LSTR)?

November 8, 2018 - By Harriett Tippett

Landstar System, Inc. (NASDAQ:LSTR) Logo

Investors sentiment increased to 1.28 in Q2 2018. Its up 0.42, from 0.86 in 2018Q1. It increased, as 23 investors sold Landstar System, Inc. shares while 89 reduced holdings. 41 funds opened positions while 102 raised stakes. 39.87 million shares or 1.56% more from 39.26 million shares in 2018Q1 were reported.

Fuller And Thaler Asset Mngmt Inc stated it has 305,029 shares or 0.36% of all its holdings. 1832 Asset Management Limited Partnership has invested 0.01% of its portfolio in Landstar System, Inc. (NASDAQ:LSTR). Proshare Lc has 3,856 shares for 0% of their portfolio. The New York-based Oppenheimer And Company has invested 0.03% in Landstar System, Inc. (NASDAQ:LSTR). Oregon Public Employees Retirement Fund has 0.03% invested in Landstar System, Inc. (NASDAQ:LSTR). Mutual Of America Management Limited Liability Com reported 140,869 shares. C M Bidwell & Associates Ltd holds 200 shares or 0.02% of its portfolio. Eaton Vance Mgmt reported 150,515 shares stake. Bb&T Secs Limited Co holds 0.02% of its portfolio in Landstar System, Inc. (NASDAQ:LSTR) for 19,255 shares. Envestnet Asset Management Inc, Illinois-based fund reported 16,289 shares. Gsa Capital Ltd Liability Partnership holds 17,771 shares or 0.1% of its portfolio. New Mexico-based New Mexico Educational Retirement Board has invested 0.04% in Landstar System, Inc. (NASDAQ:LSTR). 47,788 are owned by Ghp Investment. State Board Of Administration Of Florida Retirement System holds 0.02% or 73,592 shares. Quantbot Technology Limited Partnership has 2,131 shares for 0.02% of their portfolio.

Since June 11, 2018, it had 0 buys, and 2 sales for $568,045 activity. 3,000 shares were sold by Beacom Joseph J, worth $358,550.

Landstar System (NASDAQ:LSTR) Receives a Downgrade

In analysts report sent to investors on Thursday, 8 November, research professionals at Goldman’s research division cut the rating for Landstar System (NASDAQ:LSTR) shares from the previous “Buy” to a “Neutral”.

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

Among 5 analysts covering Landstar System (NASDAQ:LSTR), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Landstar System has $130 highest and $120 lowest target. $116.75’s average target is 12.01% above currents $104.23 stock price. Landstar System had 7 analyst reports since June 19, 2018 according to SRatingsIntel. Wells Fargo upgraded Landstar System, Inc. (NASDAQ:LSTR) on Wednesday, August 22 to “Outperform” rating. The firm earned “Overweight” rating on Friday, July 27 by KeyBanc Capital Markets. As per Monday, July 30, the company rating was upgraded by Stifel Nicolaus. Buckingham Research maintained the shares of LSTR in report on Friday, October 12 with “Neutral” rating. As per Friday, July 13, the company rating was downgraded by Susquehanna. The firm earned “Hold” rating on Tuesday, June 19 by Stifel Nicolaus. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Friday, October 26.

The stock decreased 2.23% or $2.38 during the last trading session, reaching $104.23. About 661,103 shares traded or 66.77% up from the average. Landstar System, Inc. (NASDAQ:LSTR) has risen 34.66% since November 9, 2017 and is uptrending. It has outperformed by 19.04% the S&P500.

Landstar System, Inc. provides integrated transportation management solutions in the United States and internationally. The company has market cap of $4.29 billion. It operates through two divisions, Transportation Logistics and Insurance. It has a 19.23 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.

More notable recent Landstar System, Inc. (NASDAQ:LSTR) news were published by: Nasdaq.com which released: “Landstar to Release Third Quarter Results on Wednesday, October 24, 2018” on October 10, 2018, also Benzinga.com with their article: “McKinsey: How Analytics Drive Sales Growth In Transport And Logistics” published on November 06, 2018, Seekingalpha.com published: “Landstar System (LSTR) Q3 2018 Results – Earnings Call Transcript” on October 25, 2018. More interesting news about Landstar System, Inc. (NASDAQ:LSTR) were released by: Streetinsider.com and their article: “Landstar System (LSTR) Tops Q3 EPS by 3c, Revenues In-Line” published on October 24, 2018 as well as Nasdaq.com‘s news article titled: “New Research Coverage Highlights Landstar System, CMS Energy, MoSys, Pennsylvania Real Estate Investment …” with publication date: November 02, 2018.

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

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