Landstar System (NASDAQ:LSTR) Price Target Cut to $164.00

Landstar System (NASDAQ:LSTR) had its price objective trimmed by Stifel Nicolaus from $166.00 to $164.00 in a research note released on Monday morning, Benzinga reports. The brokerage currently has a hold rating on the transportation company’s stock.

Other equities research analysts have also issued reports about the company. Wolfe Research raised Landstar System from a peer perform rating to an outperform rating and set a $205.00 target price on the stock in a research report on Wednesday, January 10th. UBS Group increased their target price on Landstar System from $175.00 to $200.00 and gave the stock a neutral rating in a research report on Friday, February 2nd. Susquehanna dropped their target price on Landstar System from $165.00 to $160.00 and set a neutral rating on the stock in a research report on Friday. Wells Fargo & Company increased their target price on Landstar System from $165.00 to $180.00 and gave the stock an equal weight rating in a research report on Friday, February 2nd. Finally, Benchmark reissued a hold rating on shares of Landstar System in a report on Friday. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Landstar System currently has a consensus rating of Hold and a consensus target price of $183.91.

Landstar System Stock Performance

LSTR stock opened at $177.23 on Monday. Landstar System has a 12-month low of $161.13 and a 12-month high of $208.62. The company has a current ratio of 2.22, a quick ratio of 2.00 and a debt-to-equity ratio of 0.04. The stock’s 50 day simple moving average is $183.99 and its 200 day simple moving average is $183.53. The firm has a market cap of $6.34 billion, a P/E ratio of 27.27, a P/E/G ratio of 4.69 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, April 24th. The transportation company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.04. Landstar System had a return on equity of 23.11% and a net margin of 4.63%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.12 billion. As a group, equities research analysts predict that Landstar System will post 6.69 EPS for the current year.

Landstar System Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Wednesday, May 8th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Tuesday, May 7th. Landstar System’s dividend payout ratio (DPR) is 20.31%.

Insider Activity

In related news, VP Michael K. Kneller sold 12,219 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the completion of the transaction, the vice president now owns 61,127 shares of the company’s stock, valued at $11,632,468.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Mather Group LLC. bought a new position in Landstar System during the first quarter valued at about $27,000. SRS Capital Advisors Inc. boosted its stake in Landstar System by 209.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 192 shares of the transportation company’s stock valued at $37,000 after buying an additional 130 shares in the last quarter. Montag A & Associates Inc. bought a new position in Landstar System during the fourth quarter valued at about $48,000. Larson Financial Group LLC acquired a new position in shares of Landstar System in the 3rd quarter valued at $49,000. Finally, GAMMA Investing LLC purchased a new position in Landstar System in the 4th quarter worth about $58,000. Institutional investors 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.