Susquehanna Cuts Landstar System (NASDAQ:LSTR) Price Target to $120.00

Landstar System (NASDAQ:LSTR) had its price objective cut by Susquehanna from $130.00 to $120.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Several other research analysts have also recently weighed in on LSTR. Stifel Nicolaus lifted their price target on Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research note on Thursday, April 3rd. TD Cowen lowered their price target on Landstar System from $161.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, April 3rd. JPMorgan Chase & Co. reduced their price objective on Landstar System from $177.00 to $147.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Finally, Truist Financial reduced their target price on shares of Landstar System from $160.00 to $150.00 and set a “hold” rating on the stock in a report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $159.55.

Landstar System Trading Up 7.3 %

Landstar System stock opened at $141.11 on Monday. The business has a 50-day simple moving average of $152.86 and a two-hundred day simple moving average of $170.81. The company has a market cap of $4.98 billion, a P/E ratio of 25.56 and a beta of 0.88. Landstar System has a 52-week low of $128.99 and a 52-week high of $196.86. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. Analysts predict that Landstar System will post 6.1 EPS for the current year.

Landstar System Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.02%. Landstar System’s dividend payout ratio (DPR) is presently 26.09%.

Institutional Investors Weigh In On Landstar System

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Golden State Wealth Management LLC bought a new stake in shares of Landstar System in the 4th quarter worth approximately $25,000. HM Payson & Co. bought a new stake in Landstar System in the fourth quarter worth $26,000. Colonial Trust Co SC raised its stake in shares of Landstar System by 61.7% during the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 71 shares during the last quarter. Trust Co. of Vermont purchased a new position in shares of Landstar System during the fourth quarter valued at about $34,000. Finally, BOKF NA increased its position in shares of Landstar System by 56.1% during the fourth quarter. BOKF NA now owns 348 shares of the transportation company’s stock valued at $58,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds 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.