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

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

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

Landstar System Price Performance

Shares of NASDAQ LSTR opened at $177.26 on Friday. The business has a fifty day moving average price of $184.33 and a two-hundred day moving average price of $183.48. Landstar System has a fifty-two week low of $161.13 and a fifty-two week high of $208.62. The stock has a market capitalization of $6.34 billion, a PE ratio of 27.27, a P/E/G 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 (NASDAQ:LSTR) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.04. Landstar System had a return on equity of 23.11% and a net margin of 4.63%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.12 billion. As a group, equities analysts predict that Landstar System will post 6.71 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Wednesday, May 8th will be issued a $0.33 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $1.32 annualized dividend and a dividend yield of 0.74%. Landstar System’s dividend payout ratio is currently 20.31%.

Insider Transactions at Landstar System

In related news, VP Michael K. Kneller sold 12,219 shares of the firm’s stock in a transaction dated 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 sale, the vice president now directly owns 61,127 shares of the company’s stock, valued at $11,632,468.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Landstar System

Large investors have recently modified their holdings of the business. Mather Group LLC. bought a new stake in shares of Landstar System in the first quarter worth about $27,000. 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 valued at $37,000 after acquiring an additional 130 shares in the last quarter. Montag A & Associates Inc. bought a new stake in Landstar System during the 4th quarter valued at approximately $48,000. Larson Financial Group LLC bought a new stake in Landstar System during the 3rd quarter valued at approximately $49,000. Finally, GAMMA Investing LLC bought a new stake in Landstar System during the 4th quarter valued at approximately $58,000. 97.95% of the stock is owned by institutional investors.

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.