Morgan Stanley Trims Landstar System (NASDAQ:LSTR) Target Price to $145.00

Landstar System (NASDAQ:LSTR) had its target price lowered by Morgan Stanley from $147.00 to $145.00 in a report issued on Monday morning, Benzinga reports. The brokerage currently has an equal weight rating on the transportation company’s stock.

A number of other equities analysts also recently commented on LSTR. Raymond James began coverage on shares of Landstar System in a report on Wednesday, May 15th. They set an outperform rating and a $205.00 price objective for the company. Evercore ISI raised their price objective on shares of Landstar System from $161.00 to $173.00 and gave the stock an in-line rating in a report on Tuesday, June 25th. Benchmark reaffirmed a hold rating on shares of Landstar System in a report on Friday, April 26th. Susquehanna cut their price target 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, Stifel Nicolaus cut their price target on shares of Landstar System from $166.00 to $164.00 and set a hold rating for the company in a report on Monday, April 29th. Eleven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Landstar System has an average rating of Hold and a consensus target price of $182.55.

Landstar System Price Performance

Shares of Landstar System stock opened at $178.57 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.22 and a quick ratio of 2.22. Landstar System has a fifty-two week low of $161.13 and a fifty-two week high of $208.62. The firm has a fifty day moving average price of $181.30 and a two-hundred day moving average price of $185.39. The company has a market cap of $6.39 billion, a PE ratio of 27.47 and a beta of 0.80.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.04. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.12 billion. Landstar System had a net margin of 4.63% and a return on equity of 23.11%. Analysts expect that Landstar System will post 6.31 EPS for the current year.

Landstar System Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Wednesday, May 8th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.74%. The ex-dividend date was Tuesday, May 7th. Landstar System’s payout ratio is presently 20.31%.

Institutional Investors Weigh In On Landstar System

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LSTR. Massmutual Trust Co. FSB ADV increased its position in Landstar System by 108.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 74 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Landstar System during the 1st quarter worth approximately $27,000. 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.

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.