Landstar System (NASDAQ:LSTR) PT Lowered to $195.00 at Raymond James

Landstar System (NASDAQ:LSTR) had its price target lowered by Raymond James from $205.00 to $195.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an outperform rating on the transportation company’s stock.

LSTR has been the topic of a number of other reports. Evercore ISI raised their target price on shares of Landstar System from $161.00 to $173.00 and gave the company an in-line rating in a research note on Tuesday, June 25th. Benchmark reiterated a hold rating on shares of Landstar System in a research note on Wednesday. Morgan Stanley lowered their target price on shares of Landstar System from $147.00 to $145.00 and set an equal weight rating on the stock in a research note on Monday, July 8th. TD Cowen raised their price target on shares of Landstar System from $171.00 to $176.00 and gave the stock a hold rating in a research report on Wednesday. Finally, Susquehanna raised their price target on shares of Landstar System from $160.00 to $165.00 and gave the stock a neutral rating in a research report on Wednesday. Twelve analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Landstar System currently has a consensus rating of Hold and an average price target of $179.73.

Landstar System Stock Performance

Shares of LSTR opened at $184.59 on Wednesday. The company’s fifty day moving average is $182.84 and its 200-day moving average is $184.90. Landstar System has a 12 month low of $161.13 and a 12 month high of $203.19. The firm has a market cap of $6.54 billion, a price-to-earnings ratio of 28.40 and a beta of 0.80. The company has a quick ratio of 2.22, a current ratio of 2.17 and a debt-to-equity ratio of 0.05.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Tuesday, July 30th. The transportation company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. Landstar System had a net margin of 4.49% and a return on equity of 21.69%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the business posted $1.85 EPS. Landstar System’s revenue was down 10.8% compared to the same quarter last year. Equities analysts expect that Landstar System will post 6.1 EPS for the current fiscal year.

Landstar System Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.78%. The ex-dividend date is Tuesday, August 20th. This is a boost from Landstar System’s previous quarterly dividend of $0.33. Landstar System’s dividend payout ratio (DPR) is presently 20.31%.

Institutional Investors Weigh In On Landstar System

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mather Group LLC. acquired a new stake in Landstar System in the 1st quarter valued at about $27,000. Massmutual Trust Co. FSB ADV grew its position in shares of Landstar System by 108.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock worth $26,000 after buying an additional 74 shares during the period. SRS Capital Advisors Inc. grew its position in shares of Landstar System by 209.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 192 shares of the transportation company’s stock worth $37,000 after buying an additional 130 shares during the period. Montag A & Associates Inc. acquired a new stake in shares of Landstar System during the 4th quarter worth approximately $48,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Landstar System during the 4th quarter worth approximately $58,000. Institutional investors and hedge funds 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.