Landstar System (NASDAQ:LSTR - Free Report) had its target price trimmed by JPMorgan Chase & Co. from $177.00 to $147.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the transportation company's stock.
Other equities analysts have also issued reports about the stock. TD Cowen dropped their price target on shares of Landstar System from $161.00 to $145.00 and set a "hold" rating for the company in a research report on Thursday. Stifel Nicolaus upped their price objective on Landstar System from $164.00 to $169.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Benchmark reiterated a "hold" rating on shares of Landstar System in a research report on Thursday. Truist Financial reduced their price objective on shares of Landstar System from $160.00 to $150.00 and set a "hold" rating on the stock in a research report on Thursday. Finally, Susquehanna reduced their price target on shares of Landstar System from $150.00 to $130.00 and set a "neutral" rating on the stock in a report on Wednesday, March 26th. 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.com, the company has a consensus rating of "Hold" and an average price target of $159.55.
Get Our Latest Report on Landstar System
Landstar System Stock Performance
NASDAQ LSTR traded down $2.19 during trading hours on Thursday, hitting $134.45. 455,148 shares of the company's stock traded hands, compared to its average volume of 279,119. Landstar System has a 52 week low of $130.22 and a 52 week high of $196.86. The firm has a market capitalization of $4.75 billion, a P/E ratio of 24.36 and a beta of 0.88. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. The business's fifty day moving average price is $156.41 and its two-hundred day moving average price is $172.27.
Landstar System (NASDAQ:LSTR - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. Equities research 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. Shareholders of record on Tuesday, February 18th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a yield of 1.07%. Landstar System's dividend payout ratio (DPR) is presently 26.09%.
Hedge Funds Weigh In On Landstar System
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC raised its holdings in 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 buying an additional 521,695 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Landstar System in the fourth quarter valued at $63,816,000. Norges Bank bought a new stake in shares of Landstar System in the 4th quarter worth about $54,088,000. Corient Private Wealth LLC boosted its stake in shares of Landstar System by 1,207.3% during the 4th quarter. Corient Private Wealth LLC now owns 293,899 shares of the transportation company's stock worth $50,509,000 after purchasing an additional 271,417 shares during the period. Finally, Lord Abbett & CO. LLC grew its holdings in Landstar System by 116.4% during the 4th quarter. Lord Abbett & CO. LLC now owns 274,671 shares of the transportation company's stock valued at $47,205,000 after purchasing an additional 147,756 shares during the last quarter. Hedge funds and other institutional investors own 97.95% of the company's stock.
Landstar System Company Profile
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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.
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