Landstar System (NASDAQ:LSTR – Free Report) had its target price cut by Stifel Nicolaus from $185.00 to $177.00 in a research note published on Monday morning, Benzinga reports. They currently have a hold rating on the transportation company’s stock.
Other equities research analysts have also issued reports about the company. UBS Group began coverage on Landstar System in a research report on Thursday, August 17th. They issued a neutral rating and a $209.00 price objective on the stock. Wells Fargo & Company upped their price objective on Landstar System from $180.00 to $190.00 in a research report on Thursday, July 13th. Raymond James upped their price objective on Landstar System from $200.00 to $215.00 and gave the stock an outperform rating in a research note on Tuesday, July 18th. StockNews.com assumed coverage on Landstar System in a research report on Thursday, October 5th. They set a hold rating on the stock. Finally, Susquehanna reduced their price target on Landstar System from $196.00 to $180.00 and set a neutral rating on the stock in a report on Tuesday, October 3rd. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $180.08.
Check Out Our Latest Stock Analysis on Landstar System
Landstar System Stock Up 1.9 %
LSTR stock opened at $178.37 on Monday. The stock’s fifty day simple moving average is $185.32 and its two-hundred day simple moving average is $185.55. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.05. Landstar System has a 1-year low of $142.51 and a 1-year high of $208.62. The stock has a market cap of $6.41 billion, a P/E ratio of 19.02 and a beta of 0.92.
Landstar System (NASDAQ:LSTR – Get Free Report) last issued its quarterly earnings results on Wednesday, July 26th. The transportation company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.05. Landstar System had a return on equity of 36.67% and a net margin of 5.37%. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the firm earned $3.05 EPS. The business’s revenue for the quarter was down 30.4% compared to the same quarter last year. Analysts expect that Landstar System will post 7.63 EPS for the current year.
Landstar System Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Thursday, August 10th were issued a dividend of $0.33 per share. This is a boost from Landstar System’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, August 9th. This represents a $1.32 annualized dividend and a dividend yield of 0.74%. Landstar System’s dividend payout ratio (DPR) is 14.07%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LSTR. Column Capital Advisors LLC boosted its holdings in Landstar System by 8.4% in the second quarter. Column Capital Advisors LLC now owns 736 shares of the transportation company’s stock valued at $142,000 after purchasing an additional 57 shares during the last quarter. National Bank of Canada FI grew its holdings in Landstar System by 59.6% in the 1st quarter. National Bank of Canada FI now owns 158 shares of the transportation company’s stock worth $28,000 after buying an additional 59 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in Landstar System by 2.7% during the 2nd quarter. Panagora Asset Management Inc. now owns 2,306 shares of the transportation company’s stock valued at $444,000 after purchasing an additional 61 shares in the last quarter. Savant Capital LLC boosted its stake in shares of Landstar System by 3.6% during the 4th quarter. Savant Capital LLC now owns 1,858 shares of the transportation company’s stock worth $303,000 after acquiring an additional 64 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Landstar System by 20.9% in the first quarter. Fifth Third Bancorp now owns 405 shares of the transportation company’s stock valued at $73,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 99.52% 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. The company 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, small package and less-than-truckload service providers.
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ABMN Staff
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