Brokerages Set Landstar System, Inc. (NASDAQ:LSTR) Price Target at $155.67

Shares of Landstar System, Inc. (NASDAQ:LSTR) have earned an average rating of “Reduce” from the fourteen brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and thirteen have issued a hold recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $153.08.

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on Landstar System from $177.00 to $147.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Susquehanna dropped their price target on Landstar System from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. TD Cowen dropped their price target on Landstar System from $161.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, April 3rd. Stifel Nicolaus lowered their price objective on Landstar System from $147.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, Benchmark restated a “hold” rating on shares of Landstar System in a research note on Monday, April 14th.

Landstar System Stock Performance

Shares of LSTR stock opened at $142.45 on Friday. The stock has a market cap of $4.98 billion, a PE ratio of 25.81 and a beta of 0.92. The business has a 50-day simple moving average of $142.07 and a 200-day simple moving average of $162.84. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. Landstar System has a 52-week low of $128.99 and a 52-week high of $196.86.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Tuesday, May 13th. The transportation company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.07). The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.13 billion. Landstar System had a net margin of 4.07% and a return on equity of 19.56%. On average, equities analysts expect that Landstar System will post 6.1 EPS for the current year.

Landstar System Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Thursday, June 5th will be paid a $0.40 dividend. The ex-dividend date is Thursday, June 5th. This is a boost from Landstar System’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 1.12%. Landstar System’s dividend payout ratio (DPR) is currently 26.09%.

Institutional Trading of Landstar System

A number of hedge funds and other institutional investors have recently bought and sold shares of LSTR. FORA Capital LLC increased its position in shares of Landstar System by 159.1% during the first quarter. FORA Capital LLC now owns 4,029 shares of the transportation company’s stock worth $605,000 after purchasing an additional 2,474 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Landstar System by 8.5% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,083,704 shares of the transportation company’s stock valued at $613,372,000 after purchasing an additional 319,101 shares in the last quarter. Comerica Bank boosted its holdings in Landstar System by 1.6% in the 1st quarter. Comerica Bank now owns 26,167 shares of the transportation company’s stock valued at $3,930,000 after purchasing an additional 414 shares in the last quarter. Jump Financial LLC boosted its stake in shares of Landstar System by 211.2% during the 1st quarter. Jump Financial LLC now owns 3,653 shares of the transportation company’s stock worth $549,000 after acquiring an additional 2,479 shares in the last quarter. Finally, Capital Fund Management S.A. boosted its stake in shares of Landstar System by 87.7% during the 1st quarter. Capital Fund Management S.A. now owns 57,092 shares of the transportation company’s stock worth $8,575,000 after acquiring an additional 26,676 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

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.