Jefferies Financial Group Lowers Landstar System (NASDAQ:LSTR) Price Target to $150.00

Landstar System (NASDAQ:LSTR) had its target price lowered by Jefferies Financial Group from $170.00 to $150.00 in a report released on Friday morning,Benzinga reports. Jefferies Financial Group currently has a hold rating on the transportation company’s stock.

A number of other analysts have also recently weighed in on the stock. Truist Financial lowered their price target 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. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a report on Thursday, April 3rd. Susquehanna decreased their price objective on Landstar System from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Stifel Nicolaus boosted their target price 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, TD Cowen decreased their price target on Landstar System from $161.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday, April 3rd. One analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $158.75.

Landstar System Stock Up 0.8 %

Landstar System stock opened at $140.03 on Friday. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. The firm has a market cap of $4.89 billion, a P/E ratio of 25.37 and a beta of 0.88. The business has a fifty day moving average of $151.93 and a two-hundred day moving average of $170.08. Landstar System has a twelve month low of $128.99 and a twelve month high of $196.86.

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

Landstar System Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a $0.36 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a yield of 1.03%. Landstar System’s dividend payout ratio is currently 26.09%.

Hedge Funds Weigh In On Landstar System

Institutional investors have recently bought and sold shares of the business. Golden State Wealth Management LLC acquired a new stake in shares of Landstar System in the fourth quarter worth $25,000. HM Payson & Co. acquired a new stake in shares of Landstar System in the fourth quarter valued at about $26,000. Colonial Trust Co SC raised its holdings in Landstar System by 61.7% in the 4th 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 acquired a new position in Landstar System in the fourth quarter valued at about $34,000. Finally, BOKF NA boosted its position in Landstar System by 56.1% in the 4th 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. 97.95% of the stock is owned by hedge funds and other 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.