Landstar System (NASDAQ:LSTR) PT Lowered to $165.00 at Evercore ISI

Landstar System (NASDAQ:LSTR) had its price objective cut by Evercore ISI from $167.00 to $165.00 in a report published on Thursday morning, Benzinga reports. They currently have an in-line rating on the transportation company’s stock.

A number of other equities analysts have also weighed in on LSTR. Benchmark reiterated a hold rating on shares of Landstar System in a research note on Wednesday, July 31st. TD Cowen boosted their price target on Landstar System from $171.00 to $176.00 and gave the company a hold rating in a report on Wednesday, July 31st. Morgan Stanley dropped their price objective 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. Stifel Nicolaus decreased their target price on shares of Landstar System from $164.00 to $160.00 and set a hold rating for the company in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. raised their price target on shares of Landstar System from $182.00 to $188.00 and gave the company a neutral rating in a research report on Wednesday, July 31st. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Landstar System presently has an average rating of Hold and an average price target of $179.00.

Landstar System Trading Down 2.3 %

Landstar System stock opened at $177.15 on Thursday. The stock has a 50-day moving average price of $184.75 and a 200 day moving average price of $182.68. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 27.25 and a beta of 0.80. Landstar System has a 52 week low of $161.13 and a 52 week high of $201.40. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.05.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.46 by $0.02. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Landstar System had a net margin of 4.49% and a return on equity of 21.69%. The business’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.85 EPS. Sell-side analysts anticipate that Landstar System will post 5.87 EPS for the current year.

Landstar System Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were paid a $0.36 dividend. The ex-dividend date was Tuesday, August 20th. This is a positive change from Landstar System’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a yield of 0.81%. Landstar System’s dividend payout ratio (DPR) is currently 22.15%.

Institutional Investors Weigh In On Landstar System

Large investors have recently bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in Landstar System by 6.2% in the 2nd quarter. Victory Capital Management Inc. now owns 1,697,093 shares of the transportation company’s stock valued at $313,080,000 after purchasing an additional 99,461 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Landstar System by 21.4% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 337,271 shares of the transportation company’s stock worth $65,013,000 after acquiring an additional 59,530 shares during the last quarter. Janus Henderson Group PLC boosted its position in Landstar System by 30.9% during the first quarter. Janus Henderson Group PLC now owns 180,955 shares of the transportation company’s stock worth $34,880,000 after acquiring an additional 42,740 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Landstar System by 6.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 594,895 shares of the transportation company’s stock valued at $109,743,000 after acquiring an additional 37,020 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Landstar System in the 1st quarter valued at about $5,366,000. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

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.