Landstar System (NASDAQ:LSTR) Price Target Cut to $147.00 by Analysts at JPMorgan Chase & Co.

Landstar System (NASDAQ:LSTR) had its target price decreased by JPMorgan Chase & Co. from $177.00 to $147.00 in a research note published on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the transportation company’s stock.

A number of other analysts have also recently commented on the company. Stifel Nicolaus boosted their price target on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Benchmark reissued a “hold” rating on shares of Landstar System in a report on Thursday. Truist Financial reduced their price target on Landstar System from $160.00 to $150.00 and set a “hold” rating for the company in a report on Thursday. Susquehanna dropped their price target on shares of Landstar System from $150.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 26th. Finally, TD Cowen reduced their price objective on shares of Landstar System from $161.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to MarketBeat, Landstar System has an average rating of “Hold” and an average target price of $160.45.

Landstar System Trading Down 1.4 %

Shares of LSTR stock opened at $136.64 on Thursday. The business has a 50-day moving average of $156.41 and a 200 day moving average of $172.34. 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 has a 1-year low of $132.41 and a 1-year high of $196.86. The stock has a market capitalization of $4.83 billion, a PE ratio of 24.75 and a beta of 0.82.

Landstar System (NASDAQ:LSTR) last posted its earnings results 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 net margin of 4.07% and a return on equity of 19.56%. As a group, sell-side analysts anticipate that Landstar System will post 6.1 earnings per share for the current year.

Landstar System Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Tuesday, February 18th. Landstar System’s payout ratio is currently 26.09%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LSTR. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Landstar System by 16.1% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,764,603 shares of the transportation company’s stock valued at $646,985,000 after purchasing an additional 521,695 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Landstar System by 0.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,621,511 shares of the transportation company’s stock worth $278,673,000 after buying an additional 11,146 shares during the last quarter. State Street Corp boosted its holdings in shares of Landstar System by 1.4% in the third quarter. State Street Corp now owns 1,117,857 shares of the transportation company’s stock worth $211,130,000 after buying an additional 15,328 shares during the last quarter. Geode Capital Management LLC grew its position in Landstar System by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 817,938 shares of the transportation company’s stock valued at $140,602,000 after buying an additional 4,392 shares during the period. Finally, Northern Trust Corp increased its holdings in Landstar System by 15.6% during the fourth quarter. Northern Trust Corp now owns 672,779 shares of the transportation company’s stock valued at $115,624,000 after buying an additional 90,672 shares during the last quarter. Institutional investors own 97.95% of the company’s stock.

About Landstar System

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.