Landstar System (NASDAQ:LSTR) Given New $173.00 Price Target at Evercore ISI

Landstar System (NASDAQ:LSTR) had its price target raised by Evercore ISI from $161.00 to $173.00 in a research note released on Tuesday, Benzinga reports. They currently have an in-line rating on the transportation company’s stock.

Several other equities research analysts also recently commented on the stock. Stifel Nicolaus cut their target price on shares of Landstar System from $166.00 to $164.00 and set a hold rating on the stock in a research report on Monday, April 29th. Benchmark restated a hold rating on shares of Landstar System in a research report on Friday, April 26th. Susquehanna dropped their price target on shares of Landstar System from $165.00 to $160.00 and set a neutral rating on the stock in a research report on Friday, April 26th. Finally, Raymond James started coverage on shares of Landstar System in a research report on Wednesday, May 15th. They issued an outperform rating and a $205.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $182.55.

Landstar System Stock Up 1.1 %

NASDAQ:LSTR opened at $184.48 on Tuesday. The firm’s 50 day simple moving average is $180.27 and its 200 day simple moving average is $186.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.22 and a quick ratio of 2.22. Landstar System has a one year low of $161.13 and a one year high of $208.62. The company has a market cap of $6.60 billion, a PE ratio of 28.38 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Wednesday, April 24th. The transportation company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.28 by $0.04. Landstar System had a net margin of 4.63% and a return on equity of 23.11%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.12 billion. On average, research analysts anticipate that Landstar System will post 6.31 earnings per share for the current year.

Landstar System Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Wednesday, May 8th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $1.32 dividend on an annualized basis and a yield of 0.72%. Landstar System’s dividend payout ratio (DPR) is presently 20.31%.

Institutional Trading of Landstar System

A number of hedge funds and other institutional investors have recently bought and sold shares of LSTR. Norges Bank bought a new stake in Landstar System during the 4th quarter valued at $64,175,000. Victory Capital Management Inc. increased its stake in Landstar System by 19.2% during the 4th quarter. Victory Capital Management Inc. now owns 1,394,389 shares of the transportation company’s stock valued at $270,024,000 after purchasing an additional 224,286 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in shares of Landstar System by 63.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 205,239 shares of the transportation company’s stock worth $36,315,000 after acquiring an additional 79,536 shares in the last quarter. UBS Group AG grew its stake in shares of Landstar System by 359.9% in the 4th quarter. UBS Group AG now owns 80,077 shares of the transportation company’s stock worth $15,507,000 after acquiring an additional 62,667 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its stake in shares of Landstar System by 21.4% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 337,271 shares of the transportation company’s stock worth $65,013,000 after acquiring an additional 59,530 shares in the last quarter. Institutional investors 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.