Landstar System (NASDAQ:LSTR) Price Target Lowered to $165.00 at Evercore ISI

Landstar System (NASDAQ:LSTR) had its target price cut by Evercore ISI from $167.00 to $165.00 in a research note released on Thursday morning, Benzinga reports. They currently have an in-line rating on the transportation company’s stock.

A number of other equities analysts have also recently weighed in on LSTR. Morgan Stanley lowered their price target on Landstar System from $147.00 to $145.00 and set an equal weight rating for the company in a report on Monday, July 8th. JPMorgan Chase & Co. increased their target price on shares of Landstar System from $182.00 to $188.00 and gave the stock a neutral rating in a research note on Wednesday, July 31st. Susquehanna lifted their price target on shares of Landstar System from $160.00 to $165.00 and gave the company a neutral rating in a research report on Wednesday, July 31st. Raymond James decreased their price objective on shares of Landstar System from $205.00 to $195.00 and set an outperform rating on the stock in a report on Wednesday, July 31st. Finally, Wolfe Research downgraded shares of Landstar System from an outperform rating to a peer perform rating in a report on Thursday, July 11th. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average price target of $179.00.

Landstar System Price Performance

Shares of LSTR stock opened at $177.15 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.17. The company has a market capitalization of $6.34 billion, a PE ratio of 27.25 and a beta of 0.80. The firm’s 50-day moving average is $184.75 and its two-hundred day moving average is $182.68. Landstar System has a 12 month low of $161.13 and a 12 month high of $201.40.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.46 by $0.02. Landstar System had a net margin of 4.49% and a return on equity of 21.69%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the company earned $1.85 EPS. The business’s revenue for the quarter was down 10.8% compared to the same quarter last year. Analysts predict that Landstar System will post 5.87 earnings per share for the current year.

Landstar System Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were paid a $0.36 dividend. This is an increase from Landstar System’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.44 annualized dividend and a dividend yield of 0.81%. Landstar System’s payout ratio is 22.15%.

Institutional Trading of Landstar System

Several hedge funds have recently modified their holdings of LSTR. Victory Capital Management Inc. raised its position in Landstar System by 6.2% in the 2nd quarter. Victory Capital Management Inc. now owns 1,697,093 shares of the transportation company’s stock valued at $313,080,000 after purchasing an additional 99,461 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of Landstar System by 21.4% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 337,271 shares of the transportation company’s stock worth $65,013,000 after buying an additional 59,530 shares during the period. Janus Henderson Group PLC raised its holdings in Landstar System by 30.9% in the first quarter. Janus Henderson Group PLC now owns 180,955 shares of the transportation company’s stock valued at $34,880,000 after acquiring an additional 42,740 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Landstar System by 6.6% in the second quarter. Dimensional Fund Advisors LP now owns 594,895 shares of the transportation company’s stock worth $109,743,000 after acquiring an additional 37,020 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Landstar System during the 1st quarter worth approximately $5,366,000. 97.95% of the stock is currently owned by institutional investors and hedge funds.

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.