Analysts Set Landstar System, Inc. (NASDAQ:LSTR) PT at $156.92

Landstar System, Inc. (NASDAQ:LSTR - Get Free Report) has earned an average recommendation of "Reduce" from the fourteen research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating and thirteen have issued a hold rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $156.92.

A number of research firms have commented on LSTR. JPMorgan Chase & Co. reduced their price objective on shares of Landstar System from $177.00 to $147.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Jefferies Financial Group decreased their price objective on shares of Landstar System from $170.00 to $150.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Susquehanna cut their target price on shares of Landstar System from $130.00 to $120.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Benchmark reaffirmed a "hold" rating on shares of Landstar System in a research report on Monday, April 14th. Finally, TD Cowen dropped their price target on Landstar System from $161.00 to $145.00 and set a "hold" rating on the stock in a research report on Thursday, April 3rd.

Landstar System Price Performance

Landstar System stock traded up $3.54 during mid-day trading on Tuesday, hitting $137.82. The company's stock had a trading volume of 421,846 shares, compared to its average volume of 282,870. Landstar System has a twelve month low of $128.99 and a twelve month high of $196.86. The stock's fifty day moving average price is $149.63 and its two-hundred day moving average price is $168.50. The stock has a market capitalization of $4.82 billion, a P/E ratio of 24.97 and a beta of 0.88. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its earnings results 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 return on equity of 19.56% and a net margin of 4.07%. Research analysts forecast that Landstar System will post 6.1 earnings per share for the current year.

Landstar System Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.04%. The ex-dividend date was Tuesday, February 18th. Landstar System's payout ratio is presently 26.09%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LSTR. Golden State Wealth Management LLC bought a new stake in Landstar System in the fourth quarter worth $25,000. HM Payson & Co. acquired a new stake in Landstar System in the 4th quarter worth approximately $26,000. Colonial Trust Co SC grew its holdings in Landstar System by 61.7% during the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company's stock valued at $32,000 after purchasing an additional 71 shares during the last quarter. Trust Co. of Vermont bought a new position in shares of Landstar System in the fourth quarter valued at approximately $34,000. Finally, BOKF NA lifted its stake in shares of Landstar System by 56.1% in the fourth quarter. BOKF NA now owns 348 shares of the transportation company's stock worth $58,000 after buying an additional 125 shares during the last quarter. Institutional investors and hedge funds 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.