Landstar System (NASDAQ:LSTR) Price Target Cut to $120.00 by Analysts at Susquehanna

Landstar System (NASDAQ:LSTR) had its price objective decreased by Susquehanna from $130.00 to $120.00 in a research report sent to investors on Monday morning,Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

Several other equities analysts have also issued reports on the company. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a report on Thursday, April 3rd. TD Cowen dropped their price target on Landstar System from $161.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, April 3rd. Stifel Nicolaus boosted their price objective on Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lowered their target price on shares of Landstar System from $177.00 to $147.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Finally, Truist Financial reduced their price target on shares of Landstar System from $160.00 to $150.00 and set a “hold” rating for the company in a research report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company. Based on data from MarketBeat, Landstar System has a consensus rating of “Hold” and an average price target of $159.55.

Landstar System Stock Performance

Shares of LSTR opened at $134.45 on Monday. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 24.36 and a beta of 0.88. Landstar System has a 52-week low of $131.34 and a 52-week high of $196.86. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. The stock has a 50 day moving average price of $155.57 and a 200 day moving average price of $171.92.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) 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%. Research analysts predict that Landstar System will post 6.1 EPS for the current fiscal year.

Landstar System Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Tuesday, February 18th. Landstar System’s payout ratio is 26.09%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. FMR LLC increased its position in Landstar System by 8.6% during the 3rd quarter. FMR LLC now owns 162,222 shares of the transportation company’s stock worth $30,639,000 after purchasing an additional 12,894 shares during the period. IHT Wealth Management LLC grew its holdings in Landstar System by 97.3% during the third quarter. IHT Wealth Management LLC now owns 2,358 shares of the transportation company’s stock worth $442,000 after acquiring an additional 1,163 shares during the period. Point72 Asset Management L.P. grew its holdings in Landstar System by 625.9% during the third quarter. Point72 Asset Management L.P. now owns 33,600 shares of the transportation company’s stock worth $6,346,000 after acquiring an additional 28,971 shares during the period. Stifel Financial Corp raised its position in Landstar System by 0.8% in the third quarter. Stifel Financial Corp now owns 85,120 shares of the transportation company’s stock worth $16,077,000 after acquiring an additional 696 shares in the last quarter. Finally, State Street Corp lifted its holdings in Landstar System by 1.4% in the third quarter. State Street Corp now owns 1,117,857 shares of the transportation company’s stock valued at $211,130,000 after acquiring an additional 15,328 shares during the period. 97.95% of the stock is owned by hedge funds and other institutional investors.

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.