Landstar System (NASDAQ:LSTR) Price Target Cut to $131.00 by Analysts at Stifel Nicolaus

Key Points

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Landstar System (NASDAQ:LSTR - Free Report) had its price objective cut by Stifel Nicolaus from $140.00 to $131.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a hold rating on the transportation company's stock.

A number of other equities research analysts have also weighed in on LSTR. Benchmark reiterated a "hold" rating on shares of Landstar System in a research note on Monday, April 14th. TD Cowen decreased their target price on shares of Landstar System from $141.00 to $135.00 and set a "hold" rating for the company in a research note on Wednesday, July 30th. Truist Financial cut their price objective on shares of Landstar System from $150.00 to $135.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. cut their price objective on shares of Landstar System from $139.00 to $138.00 and set a "neutral" rating for the company in a research report on Tuesday, July 8th. Finally, Robert W. Baird initiated coverage on shares of Landstar System in a research report on Tuesday, July 1st. They set an "outperform" rating and a $166.00 price objective for the company. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Landstar System has an average rating of "Hold" and a consensus price target of $145.17.

Landstar System Stock Performance

LSTR traded down $0.73 during mid-day trading on Thursday, reaching $127.64. 30,815 shares of the company traded hands, compared to its average volume of 370,472. The stock has a market capitalization of $4.42 billion, a P/E ratio of 26.76 and a beta of 0.86. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.06. The company's fifty day moving average price is $139.28 and its 200-day moving average price is $146.38. Landstar System has a 52-week low of $126.70 and a 52-week high of $196.86.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its earnings results on Tuesday, July 29th. The transportation company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.04. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. Landstar System had a net margin of 3.51% and a return on equity of 17.49%. The company's quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.48 EPS. On average, sell-side analysts expect that Landstar System will post 6.1 EPS for the current year.

Landstar System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Tuesday, August 19th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $1.60 annualized dividend and a yield of 1.3%. Landstar System's dividend payout ratio is currently 33.54%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. 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 worth $613,372,000 after buying an additional 319,101 shares during the period. Victory Capital Management Inc. boosted its holdings in Landstar System by 2.1% in the 1st quarter. Victory Capital Management Inc. now owns 1,654,910 shares of the transportation company's stock worth $248,567,000 after buying an additional 33,399 shares during the period. Geode Capital Management LLC boosted its holdings in Landstar System by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 817,938 shares of the transportation company's stock worth $140,602,000 after buying an additional 4,392 shares during the period. Northern Trust Corp boosted its holdings in Landstar System by 9.1% in the 1st quarter. Northern Trust Corp now owns 734,256 shares of the transportation company's stock worth $110,285,000 after buying an additional 61,477 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Landstar System by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 617,835 shares of the transportation company's stock worth $106,184,000 after buying an additional 9,190 shares during the period. Institutional investors own 97.95% 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. 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.