Susquehanna Reiterates Neutral Rating for Landstar System (NASDAQ:LSTR)

Susquehanna reissued their neutral rating on shares of Landstar System (NASDAQ:LSTR - Free Report) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage currently has a $125.00 price target on the transportation company's stock, up from their previous price target of $120.00.

Several other research firms also recently commented on LSTR. Truist Financial decreased their price objective on Landstar System from $150.00 to $135.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Stifel Nicolaus dropped their price target on shares of Landstar System from $147.00 to $140.00 and set a "hold" rating for the company in a research report on Wednesday, May 14th. Evercore ISI decreased their price objective on shares of Landstar System from $137.00 to $136.00 and set an "in-line" rating on the stock in a research report on Wednesday, May 14th. TD Cowen cut their price target on Landstar System from $161.00 to $145.00 and set a "hold" rating for the company in a research note on Thursday, April 3rd. Finally, JPMorgan Chase & Co. decreased their target price on Landstar System from $177.00 to $147.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Two investment analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company's stock. According to MarketBeat, Landstar System has an average rating of "Hold" and an average target price of $150.38.

Landstar System Stock Performance

Shares of NASDAQ LSTR traded up $2.14 during midday trading on Tuesday, hitting $139.53. 236,508 shares of the company's stock traded hands, compared to its average volume of 304,652. The firm has a fifty day moving average of $138.32 and a 200 day moving average of $153.12. Landstar System has a 1 year low of $128.99 and a 1 year high of $196.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.03 and a current ratio of 2.03. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 27.63 and a beta of 0.88.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its earnings results on Tuesday, May 13th. The transportation company reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.07). The business had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.13 billion. Landstar System had a net margin of 3.72% and a return on equity of 18.23%. The firm's quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.32 earnings per share. On average, analysts forecast that Landstar System will post 6.1 earnings per share for the current year.

Landstar System Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Thursday, June 5th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.15%. This is a boost from Landstar System's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, June 5th. Landstar System's dividend payout ratio is currently 31.68%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LSTR. 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 purchasing an additional 71 shares during the last quarter. First Horizon Advisors Inc. lifted its position in Landstar System by 35.3% in the first quarter. First Horizon Advisors Inc. now owns 322 shares of the transportation company's stock worth $48,000 after buying an additional 84 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Landstar System by 2.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,099 shares of the transportation company's stock worth $465,000 after buying an additional 85 shares during the last quarter. State of Michigan Retirement System increased its position in Landstar System by 1.2% during the first quarter. State of Michigan Retirement System now owns 8,470 shares of the transportation company's stock valued at $1,272,000 after acquiring an additional 100 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in Landstar System by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 9,900 shares of the transportation company's stock valued at $1,487,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other 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.