Landstar System (NASDAQ:LSTR) Price Target Raised to $160.00

by · The Cerbat Gem

Landstar System (NASDAQ:LSTR – Free Report) had its price objective upped by Susquehanna from $110.00 to $160.00 in a research note released on Thursday morning, MarketBeat Ratings reports. The firm currently has a neutral rating on the transportation company’s stock.

LSTR has been the topic of several other reports. Stifel Nicolaus lifted their price objective on Landstar System from $127.00 to $140.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. Zacks Research upgraded shares of Landstar System from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. JPMorgan Chase & Co. lowered their target price on Landstar System from $138.00 to $134.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Weiss Ratings reissued a “sell (d+)” rating on shares of Landstar System in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded Landstar System from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $144.17.

View Our Latest Stock Analysis on LSTR

Landstar System Trading Up 2.1%

Shares of LSTR stock opened at $155.70 on Thursday. Landstar System has a fifty-two week low of $119.32 and a fifty-two week high of $179.74. The stock has a market cap of $5.35 billion, a P/E ratio of 39.72 and a beta of 0.84. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.05. The business has a fifty day simple moving average of $136.83 and a 200-day simple moving average of $133.62.

Landstar System (NASDAQ:LSTR – Get Free Report) last released its earnings results on Tuesday, October 28th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.02). Landstar System had a net margin of 2.87% and a return on equity of 17.24%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter last year, the company posted $1.41 earnings per share. Landstar System’s revenue for the quarter was down .7% on a year-over-year basis. On average, analysts forecast that Landstar System will post 6.1 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Wednesday, January 21st. Investors of record on Tuesday, January 6th will be paid a $2.00 dividend. This represents a dividend yield of 134.0%. The ex-dividend date is Tuesday, January 6th. Landstar System’s dividend payout ratio is presently 40.82%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in Landstar System in the 3rd quarter valued at $25,000. MAI Capital Management lifted its holdings in shares of Landstar System by 79.3% during the second quarter. MAI Capital Management now owns 242 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 107 shares during the period. UMB Bank n.a. boosted its stake in shares of Landstar System by 335.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 225 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Landstar System by 132.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Landstar System by 118.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 280 shares of the transportation company’s stock worth $39,000 after purchasing an additional 152 shares during the last quarter. Institutional investors own 97.95% of the company’s stock.

Landstar System Company Profile

(Get Free Report)

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.

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