Landstar System (NASDAQ:LSTR) Price Target Lowered to $160.00 at Susquehanna

Landstar System (NASDAQ:LSTR) had its target price cut by Susquehanna from $165.00 to $160.00 in a research report released on Friday morning, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

A number of other research analysts also recently issued reports on the stock. Wolfe Research upgraded shares of Landstar System from a peer perform rating to an outperform rating and set a $205.00 target price for the company in a research report on Wednesday, January 10th. UBS Group boosted their target price on shares of Landstar System from $175.00 to $200.00 and gave the company a neutral rating in a research report on Friday, February 2nd. Stifel Nicolaus decreased their target price on shares of Landstar System from $171.00 to $166.00 and set a hold rating for the company in a research report on Friday, February 2nd. Finally, Wells Fargo & Company upped their price objective on shares of Landstar System from $165.00 to $180.00 and gave the stock an equal weight rating in a research report on Friday, February 2nd. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Landstar System currently has a consensus rating of Hold and an average price target of $184.09.

Landstar System Price Performance

Shares of LSTR opened at $177.26 on Friday. The firm has a market capitalization of $6.34 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 4.68 and a beta of 0.83. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.22 and a quick ratio of 2.00. Landstar System has a 1-year low of $161.13 and a 1-year high of $208.62. The company’s fifty day moving average price is $184.33 and its 200-day moving average price is $183.48.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.04. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.12 billion. Landstar System had a net margin of 4.63% and a return on equity of 23.11%. On average, equities research analysts predict that Landstar System will post 6.71 EPS for the current year.

Landstar System Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Wednesday, May 8th will be paid 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 dividend yield of 0.74%. Landstar System’s dividend payout ratio is currently 20.31%.

Insider Transactions at Landstar System

In other news, VP Michael K. Kneller sold 12,219 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the completion of the sale, the vice president now owns 61,127 shares of the company’s stock, valued at $11,632,468.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Landstar System

Several large investors have recently bought and sold shares of LSTR. AE Wealth Management LLC purchased a new stake in Landstar System during the 3rd quarter valued at about $223,000. SG Americas Securities LLC grew its stake in shares of Landstar System by 10.9% in the 3rd quarter. SG Americas Securities LLC now owns 6,686 shares of the transportation company’s stock valued at $1,183,000 after buying an additional 658 shares during the period. DAVENPORT & Co LLC grew its stake in shares of Landstar System by 1.9% in the 3rd quarter. DAVENPORT & Co LLC now owns 9,374 shares of the transportation company’s stock valued at $1,659,000 after buying an additional 177 shares during the period. Simplicity Solutions LLC grew its stake in shares of Landstar System by 7.4% in the 3rd quarter. Simplicity Solutions LLC now owns 4,357 shares of the transportation company’s stock valued at $771,000 after buying an additional 300 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in shares of Landstar System by 100.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 3,802 shares of the transportation company’s stock valued at $673,000 after buying an additional 1,908 shares during the period. 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.