Raymond James Begins Coverage on Landstar System (NASDAQ:LSTR)

Raymond James began coverage on shares of Landstar System (NASDAQ:LSTR - Free Report) in a research report released on Wednesday, Marketbeat.com reports. The firm issued an outperform rating and a $205.00 price objective on the transportation company's stock.

Several other equities research analysts have also recently commented on LSTR. Susquehanna decreased their target price on Landstar System from $165.00 to $160.00 and set a neutral rating for the company in a research note on Friday, April 26th. Stifel Nicolaus decreased their target price on Landstar System from $166.00 to $164.00 and set a hold rating for the company in a research note on Monday, April 29th. Wells Fargo & Company raised their target price on Landstar System from $165.00 to $180.00 and gave the stock an equal weight rating in a research note on Friday, February 2nd. UBS Group increased their price target on Landstar System from $175.00 to $200.00 and gave the stock a neutral rating in a report on Friday, February 2nd. Finally, Benchmark reiterated a hold rating on shares of Landstar System in a report on Friday, April 26th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $183.00.

Landstar System Trading Up 0.6 %

Landstar System stock traded up $1.19 during trading hours on Wednesday, hitting $185.02. The stock had a trading volume of 195,318 shares, compared to its average volume of 274,265. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.04. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of 28.46, a P/E/G ratio of 5.09 and a beta of 0.86. Landstar System has a one year low of $161.13 and a one year high of $208.62. The business's 50 day simple moving average is $181.67 and its 200-day simple moving average is $184.26.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.04. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.12 billion. Landstar System had a return on equity of 23.11% and a net margin of 4.63%. On average, equities analysts predict that Landstar System will post 6.4 EPS for the current fiscal year.

Landstar System Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Wednesday, May 8th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $1.32 dividend on an annualized basis and a yield of 0.71%. Landstar System's dividend payout ratio (DPR) is currently 20.31%.

Institutional Trading of Landstar System

A number of hedge funds have recently bought and sold shares of LSTR. Mather Group LLC. bought a new stake in Landstar System during the first quarter worth $27,000. SRS Capital Advisors Inc. lifted its holdings in Landstar System by 209.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 192 shares of the transportation company's stock worth $37,000 after acquiring an additional 130 shares during the period. Montag A & Associates Inc. purchased a new stake in Landstar System in the fourth quarter worth $48,000. Larson Financial Group LLC purchased a new stake in Landstar System in the third quarter worth $49,000. Finally, GAMMA Investing LLC purchased a new stake in Landstar System in the fourth quarter worth $58,000. 97.95% of the stock is currently owned by institutional investors.

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.