Landstar System (NASDAQ:LSTR) Price Target Raised to $147.00

Landstar System (NASDAQ:LSTR) had its target price boosted by Stifel Nicolaus from $140.00 to $147.00 in a report issued on Wednesday, MarketBeat.com reports. They currently have a hold rating on the transportation company’s stock.

A number of other equities analysts have also recently weighed in on LSTR. Susquehanna upped their price objective on shares of Landstar System from $110.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. TD Cowen boosted their price target on Landstar System from $138.00 to $150.00 and gave the stock a “hold” rating in a research note on Friday, January 9th. Zacks Research raised Landstar System from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Evercore ISI raised their price objective on Landstar System from $125.00 to $151.00 and gave the company an “in-line” rating in a research note on Monday. Finally, Barclays cut their target price on Landstar System from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Landstar System has a consensus rating of “Hold” and a consensus target price of $153.00.

Landstar System Stock Down 1.6%

Shares of NASDAQ:LSTR opened at $153.55 on Wednesday. The company has a market capitalization of $5.27 billion, a price-to-earnings ratio of 39.17 and a beta of 0.84. The company has a 50 day moving average of $139.49 and a two-hundred day moving average of $134.21. Landstar System has a 52-week low of $119.32 and a 52-week high of $179.66. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.05.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Tuesday, October 28th. The transportation company reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.02). The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. Landstar System had a return on equity of 17.24% and a net margin of 2.87%.The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.41 earnings per share. As a group, analysts forecast that Landstar System will post 6.1 earnings per share for the current fiscal year.

Landstar System Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Tuesday, January 6th will be paid a dividend of $2.00 per share. The ex-dividend date is Tuesday, January 6th. This represents a yield of 134.0%. Landstar System’s dividend payout ratio is presently 40.82%.

Institutional Investors Weigh In On Landstar System

A number of institutional investors have recently made changes to their positions in LSTR. Quarry LP bought a new position in Landstar System during the third quarter worth $25,000. MAI Capital Management increased its stake in Landstar System by 79.3% during the second quarter. MAI Capital Management now owns 242 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 107 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Landstar System by 335.8% during the third quarter. UMB Bank n.a. now owns 292 shares of the transportation company’s stock worth $36,000 after purchasing an additional 225 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of 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 during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Landstar System by 118.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 280 shares of the transportation company’s stock worth $39,000 after buying an additional 152 shares during the last quarter. 97.95% of the stock is currently owned by institutional investors.

About Landstar System

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.