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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

(Get Free Report)

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.

Further Reading

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