Stifel Nicolaus Issues Positive Forecast for Landstar System (NASDAQ:LSTR) Stock Price

Landstar System (NASDAQ:LSTR) had its target price upped by Stifel Nicolaus from $164.00 to $169.00 in a research note released on Thursday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the transportation company’s stock.

A number of other equities research analysts have also commented on the stock. Evercore ISI reduced their price objective on shares of Landstar System from $165.00 to $160.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 30th. Susquehanna decreased their price target on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Stephens dropped their price objective on Landstar System from $190.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on Landstar System from $184.00 to $188.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, UBS Group boosted their price target on Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Landstar System presently has an average rating of “Hold” and a consensus price target of $172.27.

Landstar System Stock Down 0.7 %

Shares of NASDAQ:LSTR opened at $176.17 on Thursday. The firm has a market cap of $6.22 billion, a P/E ratio of 30.22 and a beta of 0.83. Landstar System has a 12-month low of $164.04 and a 12-month high of $200.43. The business has a fifty day simple moving average of $178.44 and a 200 day simple moving average of $182.34. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.04.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Tuesday, October 29th. The transportation company reported $1.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). Landstar System had a return on equity of 20.68% and a net margin of 4.32%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the business earned $1.71 earnings per share. Landstar System’s revenue was down 5.8% compared to the same quarter last year. Analysts predict that Landstar System will post 5.57 earnings per share for the current year.

Landstar System Increases Dividend

The firm also recently disclosed a special dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were issued a dividend of $2.00 per share. This is an increase from Landstar System’s previous special dividend of $1.50. The ex-dividend date was Tuesday, January 7th. Landstar System’s dividend payout ratio is presently 24.70%.

Insider Activity

In other news, CFO James P. Todd sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $184.32, for a total value of $184,320.00. Following the completion of the sale, the chief financial officer now directly owns 14,083 shares of the company’s stock, valued at $2,595,778.56. This represents a 6.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Landstar System

Institutional investors have recently bought and sold shares of the stock. Trust Co. of Vermont bought a new position in Landstar System during the 4th quarter valued at $34,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Landstar System by 431.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock valued at $83,000 after purchasing an additional 358 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of Landstar System during the second quarter valued at about $106,000. GAMMA Investing LLC boosted its holdings in Landstar System by 14.1% during the third quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock worth $107,000 after purchasing an additional 70 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Landstar System in the 2nd quarter worth about $131,000. Institutional investors 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.