Landstar System (NASDAQ:LSTR) PT Set at $123.00 by Susquehanna

Key Points

• Susquehanna downgraded its target price for Landstar System from $125.00 to $123.00, indicating a potential downside of 10.82% from the stock's previous close.
• Landstar System stock has received mixed ratings, with two analysts rating it as "sell," twelve as "hold," and one as "buy."
• The company's latest earnings report revealed an EPS of $1.20, exceeding expectations but showing a 1.1% revenue decline year-over-year.

Susquehanna set a $123.00 target price on Landstar System (NASDAQ:LSTR - Free Report) in a research note issued to investors on Wednesday morning, Marketbeat reports. The firm currently has a neutral rating on the transportation company's stock.

Several other research firms have also recently commented on LSTR. UBS Group set a $154.00 target price on Landstar System in a research note on Wednesday, May 14th. Jefferies Financial Group cut their price objective 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. Robert W. Baird assumed coverage on shares of Landstar System in a research report on Tuesday, July 1st. They issued an "outperform" rating and a $166.00 target price for the company. JPMorgan Chase & Co. lowered their price target on shares of Landstar System from $139.00 to $138.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 8th. Finally, Stifel Nicolaus reduced their price objective on shares of Landstar System from $147.00 to $140.00 and set a "hold" rating for the company in a research note on Wednesday, May 14th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $145.17.

Landstar System Stock Down 3.7%

Shares of NASDAQ LSTR traded down $5.00 during mid-day trading on Wednesday, reaching $128.37. 429,550 shares of the company's stock were exchanged, compared to its average volume of 446,777. The company has a current ratio of 2.00, a quick ratio of 2.03 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 26.91 and a beta of 0.88. The business has a fifty day simple moving average of $139.28 and a 200 day simple moving average of $146.81. Landstar System has a twelve month low of $128.10 and a twelve month high of $196.86.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.04. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. Landstar System had a net margin of 3.51% and a return on equity of 17.49%. The firm's revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.48 earnings per share. As a group, equities analysts expect that Landstar System will post 6.1 EPS for the current fiscal year.

Landstar System Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Shareholders of record on Tuesday, August 19th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, August 19th. Landstar System's payout ratio is currently 33.54%.

Institutional Trading of Landstar System

A number of hedge funds have recently modified their holdings of LSTR. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Landstar System by 8.5% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,083,704 shares of the transportation company's stock worth $613,372,000 after purchasing an additional 319,101 shares during the period. Victory Capital Management Inc. increased 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 valued at $248,567,000 after buying an additional 33,399 shares during the period. Geode Capital Management LLC increased 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 valued at $140,602,000 after buying an additional 4,392 shares during the period. Northern Trust Corp raised its position in shares of Landstar System by 9.1% in the 1st quarter. Northern Trust Corp now owns 734,256 shares of the transportation company's stock valued at $110,285,000 after buying an additional 61,477 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Landstar System by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 617,835 shares of the transportation company's stock worth $106,184,000 after purchasing an additional 9,190 shares during the last quarter. Institutional investors and hedge funds 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.