Landstar System (NASDAQ:LSTR) Given New $188.00 Price Target at JPMorgan Chase & Co.

Landstar System (NASDAQ:LSTR) had its price target increased by JPMorgan Chase & Co. from $184.00 to $188.00 in a research report report published on Wednesday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the transportation company’s stock.

Other equities research analysts also recently issued research reports about the stock. Susquehanna boosted their target price on shares of Landstar System from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Stifel Nicolaus decreased their price target on Landstar System from $164.00 to $160.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. Wolfe Research cut Landstar System from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 11th. Benchmark reiterated a “hold” rating on shares of Landstar System in a research report on Wednesday, July 31st. Finally, Evercore ISI dropped their price target on Landstar System from $165.00 to $160.00 and set an “in-line” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $174.67.

Landstar System Trading Down 1.9 %

Shares of LSTR opened at $177.07 on Wednesday. Landstar System has a one year low of $163.37 and a one year high of $201.40. The stock has a 50-day moving average price of $183.61 and a 200 day moving average price of $182.44. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.17 and a current ratio of 2.17. The company has a market capitalization of $6.33 billion, a P/E ratio of 27.24 and a beta of 0.80.

Landstar System (NASDAQ:LSTR) last released its earnings results on Tuesday, October 29th. The transportation company reported $1.41 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.05). Landstar System had a net margin of 4.49% and a return on equity of 21.69%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the company posted $1.71 earnings per share. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. Sell-side analysts forecast that Landstar System will post 5.84 EPS for the current fiscal year.

Landstar System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $1.44 annualized dividend and a dividend yield of 0.81%. Landstar System’s dividend payout ratio is currently 22.15%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LSTR. Victory Capital Management Inc. grew its holdings in Landstar System by 6.2% in the 2nd quarter. Victory Capital Management Inc. now owns 1,697,093 shares of the transportation company’s stock worth $313,080,000 after buying an additional 99,461 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Landstar System by 30.9% during the first quarter. Janus Henderson Group PLC now owns 180,955 shares of the transportation company’s stock valued at $34,880,000 after purchasing an additional 42,740 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Landstar System by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 594,895 shares of the transportation company’s stock valued at $109,743,000 after purchasing an additional 37,020 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Landstar System in the first quarter worth about $5,366,000. Finally, Vanguard Group Inc. grew its position in Landstar System by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 3,480,039 shares of the transportation company’s stock valued at $670,812,000 after buying an additional 25,387 shares in the last quarter. Institutional investors own 97.95% 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 services.