Landstar System (NASDAQ:LSTR) Stock Rating Lowered by Wolfe Research

Wolfe Research cut shares of Landstar System (NASDAQ:LSTR) from an outperform rating to a peer perform rating in a report published on Thursday morning, MarketBeat Ratings reports.

Several other research analysts have also recently weighed in on the stock. Morgan Stanley reduced their price target on shares of Landstar System from $147.00 to $145.00 and set an equal weight rating for the company in a report on Monday, July 8th. Raymond James assumed coverage on Landstar System in a report on Wednesday, May 15th. They set an outperform rating and a $205.00 price objective for the company. Stifel Nicolaus decreased their price target on shares of Landstar System from $166.00 to $164.00 and set a hold rating for the company in a research note on Monday, April 29th. Susquehanna reduced their target price on shares of Landstar System from $165.00 to $160.00 and set a neutral rating for the company in a report on Friday, April 26th. Finally, Benchmark reiterated a hold rating on shares of Landstar System in a research note on Friday, April 26th. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $182.55.

Landstar System Stock Performance

Shares of Landstar System stock opened at $180.56 on Thursday. The stock’s fifty day simple moving average is $181.31 and its 200 day simple moving average is $185.18. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $6.46 billion, a PE ratio of 27.78 and a beta of 0.80. Landstar System has a 12 month low of $161.13 and a 12 month high of $208.62.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.04. Landstar System had a return on equity of 23.11% and a net margin of 4.63%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.12 billion. On average, research analysts predict that Landstar System will post 6.29 EPS for the current year.

Landstar System Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Wednesday, May 8th were issued a $0.33 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.73%. Landstar System’s payout ratio is 20.31%.

Hedge Funds Weigh In On Landstar System

A number of hedge funds and other institutional investors have recently bought and sold shares of LSTR. Massmutual Trust Co. FSB ADV raised its stake in Landstar System by 108.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock valued at $26,000 after buying an additional 74 shares during the period. Mather Group LLC. acquired a new position in shares of Landstar System during the 1st quarter worth approximately $27,000. SRS Capital Advisors Inc. raised its stake in Landstar System by 209.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 192 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 130 shares during the period. Montag A & Associates Inc. acquired a new stake in Landstar System during the 4th quarter valued at $48,000. Finally, GAMMA Investing LLC bought a new position in Landstar System during the fourth quarter worth $58,000. 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.