Landstar System (NASDAQ:LSTR) Price Target Raised to $147.00 at Stifel Nicolaus

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

A number of other research analysts also recently commented on the stock. TD Cowen lifted their price objective on shares of Landstar System from $138.00 to $150.00 and gave the company a “hold” rating in a research report on Friday, January 9th. Barclays reduced their price target on Landstar System from $135.00 to $130.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Evercore ISI boosted their price target on Landstar System from $125.00 to $151.00 and gave the stock an “in-line” rating in a research report on Monday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Landstar System in a research report on Monday, December 29th. Finally, Zacks Research raised Landstar System from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $149.25.

Landstar System Stock Performance

Shares of NASDAQ LSTR opened at $154.50 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.01 and a current ratio of 2.01. The stock has a 50 day moving average price of $138.46 and a 200 day moving average price of $133.96. The stock has a market capitalization of $5.31 billion, a PE ratio of 39.41 and a beta of 0.84. Landstar System has a 52 week low of $119.32 and a 52 week high of $179.74.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.02). The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. Landstar System had a return on equity of 17.24% and a net margin of 2.87%.The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.41 EPS. Analysts predict that Landstar System will post 6.1 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Tuesday, January 6th will be paid a dividend of $2.00 per share. The ex-dividend date is Tuesday, January 6th. This represents a dividend yield of 134.0%. Landstar System’s dividend payout ratio (DPR) is 40.82%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LSTR. Boston Partners lifted its holdings in shares of Landstar System by 24.1% during the third quarter. Boston Partners now owns 1,761,526 shares of the transportation company’s stock worth $216,242,000 after buying an additional 341,808 shares in the last quarter. First Trust Advisors LP increased its position in Landstar System by 31.8% during the third quarter. First Trust Advisors LP now owns 964,297 shares of the transportation company’s stock worth $118,184,000 after acquiring an additional 232,682 shares during the period. JPMorgan Chase & Co. raised its stake in Landstar System by 2.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 746,506 shares of the transportation company’s stock worth $91,492,000 after purchasing an additional 21,163 shares in the last quarter. Northern Trust Corp raised its stake in Landstar System by 4.3% in the 3rd quarter. Northern Trust Corp now owns 646,691 shares of the transportation company’s stock worth $79,258,000 after purchasing an additional 26,905 shares in the last quarter. Finally, Reinhart Partners LLC. boosted its holdings in Landstar System by 36.4% in the 3rd quarter. Reinhart Partners LLC. now owns 581,293 shares of the transportation company’s stock valued at $71,245,000 after purchasing an additional 155,260 shares during the period. 97.95% of the stock is owned by institutional investors and hedge funds.

Landstar System Company Profile

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.