Landstar System (NASDAQ:LSTR) Price Target Raised to $125.00

Landstar System (NASDAQ:LSTR - Free Report) had its price objective lifted by Susquehanna from $120.00 to $125.00 in a report released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the transportation company's stock.

LSTR has been the topic of a number of other research reports. Evercore ISI dropped their price objective on Landstar System from $137.00 to $136.00 and set an "in-line" rating on the stock in a research note on Wednesday, May 14th. Jefferies Financial Group dropped their price target on shares of Landstar System from $170.00 to $150.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. UBS Group set a $154.00 price objective on shares of Landstar System in a research report on Wednesday, May 14th. JPMorgan Chase & Co. lowered their price objective on shares of Landstar System from $177.00 to $147.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Finally, TD Cowen cut their target price on shares of Landstar System from $161.00 to $145.00 and set a "hold" rating for the company in a research note on Thursday, April 3rd. Two research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. Based on data from MarketBeat, Landstar System presently has an average rating of "Hold" and an average target price of $150.38.

Landstar System Stock Performance

LSTR traded down $1.20 during trading hours on Tuesday, hitting $138.00. The company's stock had a trading volume of 342,856 shares, compared to its average volume of 303,413. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.07. Landstar System has a fifty-two week low of $128.99 and a fifty-two week high of $196.86. The company has a 50-day simple moving average of $138.33 and a 200 day simple moving average of $153.45. The firm has a market capitalization of $4.82 billion, a PE ratio of 27.33 and a beta of 0.88.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its quarterly 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 analyst estimates of $1.13 billion. Landstar System had a net margin of 3.72% and a return on equity of 18.23%. Landstar System's revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the business posted $1.32 earnings per share. As a group, sell-side analysts expect that Landstar System will post 6.1 EPS for the current year.

Landstar System Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Thursday, June 5th were paid a $0.40 dividend. This is a positive change from Landstar System's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 1.16%. Landstar System's dividend payout ratio (DPR) is currently 31.68%.

Institutional Trading of Landstar System

Large investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC grew its holdings in shares of Landstar System by 4.4% during the first quarter. Voya Investment Management LLC now owns 5,193 shares of the transportation company's stock valued at $780,000 after buying an additional 219 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Landstar System by 132.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company's stock worth $37,000 after buying an additional 142 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of Landstar System by 1.7% during the 1st quarter. Focus Partners Wealth now owns 51,365 shares of the transportation company's stock valued at $7,715,000 after buying an additional 875 shares during the period. Bayforest Capital Ltd boosted its stake in shares of Landstar System by 2,700.0% during the 1st quarter. Bayforest Capital Ltd now owns 2,632 shares of the transportation company's stock valued at $395,000 after buying an additional 2,538 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Landstar System by 13.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,341 shares of the transportation company's stock valued at $21,380,000 after acquiring an additional 16,698 shares in the last quarter. 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 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.