Landstar System (NASDAQ:LSTR) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Landstar System (NASDAQ:LSTR) had its price target reduced by JPMorgan Chase & Co. from $181.00 to $172.00 in a research note published on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the transportation company’s stock.

Several other research firms have also recently issued reports on LSTR. Morgan Stanley cut Landstar System from an “equal weight” rating to an “underweight” rating and set a $145.00 price target on the stock. in a report on Monday, July 6th. Robert W. Baird lowered their price target on shares of Landstar System from $215.00 to $195.00 and set an “outperform” rating for the company in a research report on Wednesday. Susquehanna raised their price objective on shares of Landstar System from $195.00 to $230.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Evercore set a $182.00 target price on shares of Landstar System in a report on Wednesday. Finally, UBS Group dropped their target price on shares of Landstar System from $195.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $187.00.

Landstar System Stock Up 0.9%

Shares of NASDAQ:LSTR opened at $142.70 on Wednesday. The company’s fifty day moving average is $170.04 and its 200-day moving average is $176.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.82 and a current ratio of 1.79. Landstar System has a 52 week low of $121.11 and a 52 week high of $228.46. The company has a market capitalization of $4.81 billion, a PE ratio of 24.67 and a beta of 0.90.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Tuesday, October 27th. The transportation company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.25). The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Landstar System had a return on equity of 23.89% and a net margin of 3.03%. The firm’s revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.22 earnings per share. Equities research analysts predict that Landstar System will post 5.80 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 8th. Stockholders of record on Tuesday, November 17th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Tuesday, November 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.2%. Landstar System’s dividend payout ratio is 45.60%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Landstar System during the 2nd quarter worth approximately $35,000. Trust Co. of Vermont bought a new position in Landstar System in the second quarter valued at approximately $41,000. Provenance Wealth Advisors LLC acquired a new position in shares of Landstar System in the third quarter valued at approximately $35,000. Elevation Wealth Partners LLC boosted its holdings in shares of Landstar System by 41.8% in the second quarter. Elevation Wealth Partners LLC now owns 224 shares of the transportation company’s stock valued at $46,000 after buying an additional 66 shares during the period. Finally, Reyes Financial Architecture Inc. bought a new stake in shares of Landstar System during the third quarter worth $46,000. Institutional investors own 97.95% of the company’s stock.

Landstar System News Summary

Here are the key news stories impacting Landstar System this week:

• Positive Sentiment: Freight pricing and volumes supported growth. Landstar’s third-quarter revenue increased approximately 25% year over year to $1.51 billion, while stronger truck pricing and higher freight volumes helped the company exceed revenue expectations. LSTR Q3 Earnings Beat Estimates on Strong Freight Pricing
• Neutral Sentiment: Analysts are reassessing fair value. Robert W. Baird, Wells Fargo and JPMorgan each lowered expectations or price targets for LSTR, while other coverage described the fair-value reduction as modest. The revisions indicate that analysts see improved freight conditions but remain cautious about profitability and the outlook. Baird Price Target Cut Wells Fargo Lowers Expectations JPMorgan Pessimistic Forecast
• Negative Sentiment: Profitability missed expectations. Landstar reported quarterly earnings of $1.42 per share, below the $1.67 consensus estimate. Higher claims and insurance costs are weighing on margins, raising concerns that revenue growth may not translate into comparable earnings growth. Higher Claims Costs
• Negative Sentiment: Legal and reputational risk has increased. SueWallSt announced a pending investigation into Landstar following the earnings-related selloff. While the notice does not establish wrongdoing, it adds uncertainty for shareholders. Landstar Investigation Notice

Landstar System Company Profile

Landstar System, Inc (NASDAQ: LSTR) is an asset-light transportation and logistics company headquartered in Jacksonville, Florida. Through a network of independent owner-operators, agents and third-party capacity providers, the company arranges the movement of freight for commercial and industrial customers.

Landstar’s services include truckload transportation, specialized and heavy-haul freight, expedited and time-critical shipping, less-than-truckload transportation, intermodal services and logistics management.