Landstar System (NASDAQ:LSTR) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Landstar System (NASDAQ:LSTR - Free Report) had its price objective upped by JPMorgan Chase & Co. from $184.00 to $188.00 in a research note published on Wednesday morning, Benzinga reports. They currently have a neutral rating on the transportation company's stock.

A number of other brokerages have also issued reports on LSTR. Raymond James decreased their price target on Landstar System from $205.00 to $195.00 and set an "outperform" rating for the company in a research note on Wednesday, July 31st. TD Cowen decreased their price objective on shares of Landstar System from $176.00 to $174.00 and set a "hold" rating on the stock in a report on Wednesday. UBS Group increased their price target on Landstar System from $184.00 to $186.00 and gave the company a "neutral" rating in a report on Wednesday. The Goldman Sachs Group dropped their target price on Landstar System from $165.00 to $158.00 and set a "sell" rating for the company in a report on Wednesday, October 9th. Finally, Benchmark reissued a "hold" rating on shares of Landstar System in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $174.67.

Landstar System Price Performance

LSTR traded down $3.50 during trading hours on Wednesday, hitting $177.07. The company's stock had a trading volume of 545,198 shares, compared to its average volume of 260,428. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 26.93 and a beta of 0.80. The business's 50-day moving average price is $183.61 and its 200-day moving average price is $182.44. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.05. Landstar System has a 12 month low of $163.37 and a 12 month high of $201.40.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.05). The business had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.22 billion. Landstar System had a net margin of 4.49% and a return on equity of 21.69%. The firm's quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.71 earnings per share. Sell-side analysts expect that Landstar System will post 5.84 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.81%. Landstar System's payout ratio is currently 22.15%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Victory Capital Management Inc. lifted its position in Landstar System by 6.2% in the second quarter. Victory Capital Management Inc. now owns 1,697,093 shares of the transportation company's stock valued at $313,080,000 after acquiring an additional 99,461 shares during the last quarter. Janus Henderson Group PLC grew its stake in Landstar System by 30.9% during the 1st quarter. Janus Henderson Group PLC now owns 180,955 shares of the transportation company's stock worth $34,880,000 after buying an additional 42,740 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Landstar System by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 594,895 shares of the transportation company's stock worth $109,743,000 after buying an additional 37,020 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in Landstar System in the first quarter valued at approximately $5,366,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Landstar System by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,480,039 shares of the transportation company's stock valued at $670,812,000 after acquiring an additional 25,387 shares during the period. Institutional investors and hedge funds own 97.95% of the company's stock.

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.