Landstar System (NASDAQ:LSTR) Price Target Lowered to $160.00 at Susquehanna

Landstar System (NASDAQ:LSTR) had its target price decreased by Susquehanna from $165.00 to $160.00 in a research note published on Friday morning, Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

LSTR has been the topic of a number of other reports. Stifel Nicolaus reduced their price objective on shares of Landstar System from $164.00 to $160.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. Benchmark restated a “hold” rating on shares of Landstar System in a research note on Wednesday, July 31st. Morgan Stanley lowered their price objective on Landstar System from $147.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, July 8th. JPMorgan Chase & Co. raised their target price on Landstar System from $184.00 to $188.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, UBS Group boosted their target price on Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $174.25.

Landstar System Trading Up 0.8 %

LSTR stock traded up $1.43 during mid-day trading on Friday, hitting $177.20. 196,742 shares of the company were exchanged, compared to its average volume of 259,902. Landstar System has a 12-month low of $165.39 and a 12-month high of $201.40. The firm has a market capitalization of $6.28 billion, a P/E ratio of 30.39 and a beta of 0.80. The business has a fifty day simple moving average of $182.96 and a 200-day simple moving average of $182.36. The company has a quick ratio of 2.17, a current ratio of 2.21 and a debt-to-equity ratio of 0.04.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Tuesday, October 29th. The transportation company reported $1.41 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.04). Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the business posted $1.71 EPS. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. On average, equities research analysts predict that Landstar System will post 5.77 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.81%. The ex-dividend date is Tuesday, November 19th. Landstar System’s dividend payout ratio (DPR) is presently 24.70%.

Institutional Trading of Landstar System

Hedge funds have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Landstar System by 2.9% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,008 shares of the transportation company’s stock valued at $387,000 after purchasing an additional 57 shares in the last quarter. GAMMA Investing LLC lifted its position in Landstar System by 14.1% during the third quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock valued at $107,000 after buying an additional 70 shares in the last quarter. Equitable Trust Co. grew its stake in Landstar System by 2.2% during the third quarter. Equitable Trust Co. now owns 3,250 shares of the transportation company’s stock worth $614,000 after buying an additional 71 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Landstar System by 13.8% in the first quarter. EverSource Wealth Advisors LLC now owns 595 shares of the transportation company’s stock worth $115,000 after acquiring an additional 72 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Landstar System by 108.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 74 shares during the period. Institutional investors and hedge funds own 97.95% of the company’s stock.

Landstar System Company Profile

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.