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

November 8, 2018 - By Margaret Downey

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 is positive, 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.

Kayne Anderson Rudnick Management Ltd Liability invested 0.85% of its portfolio in Landstar System, Inc. (NASDAQ:LSTR). Retail Bank Of America De holds 0.01% or 335,840 shares. New York-based Neuberger Berman has invested 0% in Landstar System, Inc. (NASDAQ:LSTR). Bailard invested 0.06% of its portfolio in Landstar System, Inc. (NASDAQ:LSTR). 188,459 are owned by Principal Financial Grp. 26,446 are owned by Ameritas Invest Ptnrs. Hbk Invs Ltd Partnership invested in 0.01% or 9,600 shares. Credit Suisse Ag holds 0.01% or 134,547 shares in its portfolio. Gemmer Asset Management Limited Liability Company accumulated 109 shares. Connor Clark & Lunn Investment Mngmt Ltd invested 0% in Landstar System, Inc. (NASDAQ:LSTR). Richard Bernstein Advsrs owns 37,680 shares. Clarkston Ptnrs Lc stated it has 618,756 shares. Ubs Asset Mgmt Americas reported 0% stake. Citadel Advsrs Ltd Co reported 0% of its portfolio in Landstar System, Inc. (NASDAQ:LSTR). The Illinois-based Peak6 Investments L P has invested 0% in Landstar System, Inc. (NASDAQ:LSTR).

Since June 11, 2018, it had 0 insider purchases, and 2 insider sales for $568,045 activity. $358,550 worth of Landstar System, Inc. (NASDAQ:LSTR) was sold by Beacom Joseph J on Wednesday, September 5.

Landstar System (NASDAQ:LSTR) Receives a Downgrade

KeyBanc Capital Mkts has decreased the rating for shares of Landstar System (NASDAQ:LSTR) to a solid “Sector Weight” in a research report shared with investors on 8 November. LSTR’s previous rating by the firm was a “Overweight”.

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. Stifel Nicolaus upgraded Landstar System, Inc. (NASDAQ:LSTR) on Monday, July 30 to “Buy” rating. The stock of Landstar System, Inc. (NASDAQ:LSTR) earned “Hold” rating by Stifel Nicolaus on Tuesday, June 19. As per Friday, October 12, the company rating was maintained by Buckingham Research. The stock of Landstar System, Inc. (NASDAQ:LSTR) earned “Overweight” rating by KeyBanc Capital Markets on Friday, July 27. KeyBanc Capital Markets maintained Landstar System, Inc. (NASDAQ:LSTR) rating on Friday, October 26. KeyBanc Capital Markets has “Overweight” rating and $120 target. The firm has “Neutral” rating by Susquehanna given on Friday, July 13. The firm has “Outperform” rating given on Wednesday, August 22 by Wells Fargo.

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: Seekingalpha.com which released: “Landstar System (LSTR) Q3 2018 Results – Earnings Call Transcript” on October 25, 2018, also Benzinga.com with their article: “Benzinga’s Top Upgrades, Downgrades For November 8, 2018” published on November 08, 2018, Nasdaq.com published: “Landstar to Release Third Quarter Results on Wednesday, October 24, 2018” on October 10, 2018. More interesting news about Landstar System, Inc. (NASDAQ:LSTR) were released by: Streetinsider.com and their article: “KeyBanc Downgrades Landstar System (LSTR) to Sector Weight” published on November 08, 2018 as well as Streetinsider.com‘s news article titled: “Landstar System (LSTR) Tops Q3 EPS by 3c, Revenues In-Line” with publication date: October 24, 2018.

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

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