UBS Group Raises Landstar System (NASDAQ:LSTR) Price Target to $186.00

Landstar System (NASDAQ:LSTR) had its price target upped by UBS Group from $184.00 to $186.00 in a research report report published on Wednesday, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

LSTR has been the topic of several other reports. Susquehanna increased their price target on shares of Landstar System from $160.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Evercore ISI lowered their target price on Landstar System from $167.00 to $165.00 and set an “in-line” rating for the company in a research note on Thursday, October 3rd. Stifel Nicolaus dropped their target price on Landstar System from $164.00 to $160.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. Wolfe Research cut Landstar System from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 11th. Finally, JPMorgan Chase & Co. boosted their price objective on Landstar System from $182.00 to $188.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $174.67.

Landstar System Trading Down 1.9 %

LSTR stock opened at $177.07 on Wednesday. The business has a fifty day moving average price of $183.61 and a 200 day moving average price of $182.44. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.17. Landstar System has a fifty-two week low of $163.37 and a fifty-two week high of $201.40. The stock has a market capitalization of $6.33 billion, a price-to-earnings ratio of 27.24 and a beta of 0.80.

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

Landstar System Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LSTR. Massmutual Trust Co. FSB ADV raised its holdings 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 purchasing an additional 74 shares during the period. Mather Group LLC. raised its stake in Landstar System by 183.5% during the 2nd quarter. Mather Group LLC. now owns 394 shares of the transportation company’s stock worth $76,000 after buying an additional 255 shares during the period. Quest Partners LLC bought a new position in Landstar System during the second quarter worth about $73,000. Whittier Trust Co. of Nevada Inc. grew its stake in Landstar System by 431.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock valued at $83,000 after acquiring an additional 358 shares during the period. Finally, Fidelis Capital Partners LLC acquired a new position in Landstar System in the first quarter valued at about $86,000. 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.