Stifel Nicolaus Cuts Landstar System (NASDAQ:LSTR) Price Target to $140.00

Landstar System (NASDAQ:LSTR) had its target price reduced by Stifel Nicolaus from $147.00 to $140.00 in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports. They currently have a hold rating on the transportation company’s stock.

Several other analysts also recently issued reports on the company. Jefferies Financial Group dropped their price target on Landstar System from $170.00 to $150.00 and set a “hold” rating on the stock in a research note on Friday, April 11th. TD Cowen dropped their price target on Landstar System from $161.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, April 3rd. Benchmark reissued a “hold” rating on shares of Landstar System in a research note on Monday, April 14th. JPMorgan Chase & Co. lowered their target price on Landstar System from $177.00 to $147.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Finally, Susquehanna lowered their target price on Landstar System from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. One analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company. Based on data from MarketBeat.com, Landstar System presently has a consensus rating of “Hold” and an average target price of $153.08.

Landstar System Stock Performance

LSTR opened at $145.09 on Wednesday. The business’s 50-day moving average price is $141.22 and its two-hundred day moving average price is $162.20. Landstar System has a 1 year low of $128.99 and a 1 year high of $196.86. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 26.28 and a beta of 0.92. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results 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). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.13 billion. Equities analysts expect that Landstar System will post 6.1 EPS for the current fiscal year.

Landstar System Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Thursday, June 5th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Thursday, June 5th. This is a boost from Landstar System’s previous quarterly dividend of $0.36. Landstar System’s payout ratio is presently 31.68%.

Institutional Investors Weigh In On Landstar System

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Golden State Wealth Management LLC acquired a new stake in Landstar System during the fourth quarter worth about $25,000. Alpine Bank Wealth Management acquired a new position in shares of Landstar System during the first quarter worth $25,000. HM Payson & Co. bought a new position in shares of Landstar System in the 4th quarter valued at $26,000. Colonial Trust Co SC lifted its stake in shares of Landstar System by 61.7% in the 4th quarter. Colonial Trust Co SC now owns 186 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 71 shares during the last quarter. Finally, Trust Co. of Vermont bought a new position in shares of Landstar System in the 4th quarter valued at $34,000. 97.95% of the stock is currently owned by institutional investors and hedge funds.

About Landstar System

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.