Landstar System (NASDAQ:LSTR) Price Target Cut to $130.00 by Analysts at Susquehanna

Landstar System (NASDAQ:LSTR) had its target price lowered by Susquehanna from $150.00 to $130.00 in a research note issued to investors on Wednesday morning, MarketBeat reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

Other equities research analysts have also recently issued reports about the stock. Truist Financial assumed coverage on shares of Landstar System in a report on Thursday, March 13th. They issued a “hold” rating and a $160.00 target price for the company. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. Stifel Nicolaus upped their price target on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. decreased their price target on Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating and twelve have given a hold rating to the company. According to data from MarketBeat.com, Landstar System currently has a consensus rating of “Hold” and an average price target of $166.73.

Landstar System Stock Performance

NASDAQ LSTR opened at $151.02 on Wednesday. The company has a fifty day moving average of $160.54 and a two-hundred day moving average of $174.10. The company has a market capitalization of $5.33 billion, a PE ratio of 27.36 and a beta of 0.82. Landstar System has a 1 year low of $144.13 and a 1 year high of $196.86. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21.

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

Landstar System Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a $0.36 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.95%. Landstar System’s dividend payout ratio is presently 26.09%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its holdings in shares of Landstar System by 4.9% in the 4th quarter. California State Teachers Retirement System now owns 35,808 shares of the transportation company’s stock worth $6,154,000 after acquiring an additional 1,685 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Landstar System by 3.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,014 shares of the transportation company’s stock valued at $518,000 after purchasing an additional 94 shares during the last quarter. Brooklyn FI LLC purchased a new position in shares of Landstar System in the fourth quarter valued at $386,000. Ascent Group LLC raised its stake in shares of Landstar System by 24.5% during the 4th quarter. Ascent Group LLC now owns 7,371 shares of the transportation company’s stock worth $1,267,000 after buying an additional 1,451 shares during the last quarter. Finally, Kolinsky Wealth Management LLC boosted its position in shares of Landstar System by 24.7% in the 4th quarter. Kolinsky Wealth Management LLC now owns 2,486 shares of the transportation company’s stock worth $427,000 after buying an additional 492 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

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.