JPMorgan Chase & Co. Increases Landstar System (NASDAQ:LSTR) Price Target to $188.00

Landstar System (NASDAQ:LSTR) had its price target upped by JPMorgan Chase & Co. from $184.00 to $188.00 in a research note published on Wednesday morning, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Several other equities research analysts have also weighed in on LSTR. Wolfe Research lowered Landstar System from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 11th. Evercore ISI dropped their price target on Landstar System from $165.00 to $160.00 and set an “in-line” rating on the stock in a research note on Wednesday. Benchmark restated a “hold” rating on shares of Landstar System in a report on Wednesday, July 31st. 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 report on Thursday, August 1st. Finally, Morgan Stanley cut their price target on shares of Landstar System from $147.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday, July 8th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $174.67.

Landstar System Price Performance

NASDAQ:LSTR opened at $177.07 on Wednesday. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.05. The business’s 50-day moving average price is $183.61 and its 200 day moving average price is $182.44. Landstar System has a 52-week low of $163.37 and a 52-week high of $201.40. The firm has a market cap of $6.33 billion, a P/E ratio of 27.24 and a beta of 0.80.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Tuesday, October 29th. The transportation company reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.05). Landstar System had a return on equity of 21.69% and a net margin of 4.49%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the firm earned $1.71 EPS. The business’s revenue for the quarter was down 5.8% on a year-over-year basis. As a group, sell-side analysts predict that Landstar System will post 5.84 earnings per share for the current fiscal year.

Landstar System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Tuesday, November 19th. Landstar System’s dividend payout ratio (DPR) is presently 22.15%.

Institutional Trading of Landstar System

A number of institutional investors have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. raised its stake in shares of Landstar System by 2.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,008 shares of the transportation company’s stock worth $387,000 after purchasing an additional 57 shares in the last quarter. GAMMA Investing LLC lifted its stake in Landstar System by 14.1% in the third quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock valued at $107,000 after acquiring an additional 70 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Landstar System by 13.8% in the first quarter. EverSource Wealth Advisors LLC now owns 595 shares of the transportation company’s stock worth $115,000 after acquiring an additional 72 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its position 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 worth $26,000 after acquiring an additional 74 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Landstar System by 2.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,974 shares of the transportation company’s stock worth $549,000 after purchasing an additional 74 shares during the last quarter. 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.