Susquehanna Trims Landstar System (NASDAQ:LSTR) Target Price to $165.00

Landstar System (NASDAQ:LSTR) had its target price trimmed by Susquehanna from $170.00 to $165.00 in a research note released on Monday, Benzinga reports. The firm currently has a neutral rating on the transportation company’s stock.

Several other brokerages have also recently issued reports on LSTR. Stifel Nicolaus reduced their price objective on Landstar System from $171.00 to $166.00 and set a hold rating on the stock in a research note on Friday, February 2nd. Wolfe Research raised Landstar System from a peer perform rating to an outperform rating and set a $205.00 target price on the stock in a research report on Wednesday, January 10th. UBS Group increased their target price on Landstar System from $175.00 to $200.00 and gave the stock a neutral rating in a research report on Friday, February 2nd. Wells Fargo & Company increased their target price on Landstar System from $165.00 to $180.00 and gave the stock an equal weight rating in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. initiated coverage on Landstar System in a research report on Monday, December 11th. They issued a neutral rating and a $186.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Landstar System has a consensus rating of Hold and a consensus price target of $184.55.

Landstar System Stock Up 2.9 %

NASDAQ LSTR opened at $192.76 on Monday. The stock has a market cap of $6.89 billion, a PE ratio of 26.23 and a beta of 0.83. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average price of $190.46 and a two-hundred day moving average price of $183.66. Landstar System has a fifty-two week low of $161.13 and a fifty-two week high of $208.62.

Landstar System (NASDAQ:LSTR) last released its earnings results on Wednesday, January 31st. The transportation company reported $1.62 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.01). The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Landstar System had a net margin of 4.99% and a return on equity of 26.73%. As a group, sell-side analysts predict that Landstar System will post 6.82 EPS for the current fiscal year.

Landstar System Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Monday, February 12th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $1.32 annualized dividend and a yield of 0.68%. Landstar System’s dividend payout ratio is currently 17.96%.

Insider Activity at Landstar System

In related news, VP Michael K. Kneller sold 12,219 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $190.30, for a total value of $2,325,275.70. Following the completion of the transaction, the vice president now owns 61,127 shares in the company, valued at approximately $11,632,468.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Landstar System

Institutional investors have recently bought and sold shares of the business. SRS Capital Advisors Inc. boosted its position in Landstar System by 209.7% during the 4th 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. BOKF NA purchased a new stake in shares of Landstar System during the 4th quarter worth about $40,000. Montag A & Associates Inc. purchased a new stake in shares of Landstar System during the 4th quarter worth about $48,000. Larson Financial Group LLC bought a new position in shares of Landstar System in the 3rd quarter valued at approximately $49,000. Finally, GAMMA Investing LLC bought a new position in shares of Landstar System in the 4th quarter valued at approximately $58,000. 97.95% of the stock is currently owned by institutional investors and hedge funds.

About Landstar System

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.