JPMorgan Chase & Co. Cuts Landstar System (NASDAQ:LSTR) Price Target to $147.00

Landstar System (NASDAQ:LSTR) had its price target decreased by JPMorgan Chase & Co. from $177.00 to $147.00 in a research note published on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the transportation company’s stock.

Several other equities research analysts also recently issued reports on the stock. TD Cowen cut their target price on shares of Landstar System from $161.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research report on Thursday. Stifel Nicolaus boosted their target price on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Susquehanna cut their price target on Landstar System from $150.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday, March 26th. Finally, Truist Financial decreased their price objective on shares of Landstar System from $160.00 to $150.00 and set a “hold” rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $160.45.

Landstar System Stock Performance

Shares of NASDAQ LSTR opened at $136.64 on Thursday. The stock has a market capitalization of $4.83 billion, a PE ratio of 24.75 and a beta of 0.82. Landstar System has a 52 week low of $132.41 and a 52 week high of $196.86. The stock has a 50 day moving average price of $156.41 and a 200 day moving average price of $172.34. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96.

Landstar System (NASDAQ:LSTR) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. Analysts predict that Landstar System will post 6.1 earnings per share for the current fiscal 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 paid a $0.36 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a yield of 1.05%. Landstar System’s dividend payout ratio is 26.09%.

Institutional Trading of Landstar System

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Landstar System by 16.1% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,764,603 shares of the transportation company’s stock valued at $646,985,000 after acquiring an additional 521,695 shares during the last quarter. Victory Capital Management Inc. raised its stake in Landstar System by 0.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,621,511 shares of the transportation company’s stock valued at $278,673,000 after purchasing an additional 11,146 shares in the last quarter. State Street Corp grew its stake in Landstar System by 1.4% in the 3rd quarter. State Street Corp now owns 1,117,857 shares of the transportation company’s stock worth $211,130,000 after buying an additional 15,328 shares in the last quarter. Geode Capital Management LLC grew its stake in Landstar System by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 817,938 shares of the transportation company’s stock worth $140,602,000 after buying an additional 4,392 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Landstar System by 15.6% in the 4th quarter. Northern Trust Corp now owns 672,779 shares of the transportation company’s stock worth $115,624,000 after buying an additional 90,672 shares during the last quarter. 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.