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

Landstar System (NASDAQ:LSTR) had its target price boosted by JPMorgan Chase & Co. from $184.00 to $188.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

Several other brokerages have also recently issued reports on LSTR. Susquehanna raised their price objective on Landstar System from $160.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. TD Cowen dropped their target price on Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a research report on Wednesday. Raymond James dropped their target price on Landstar System from $205.00 to $195.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. UBS Group increased their target price on Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, The Goldman Sachs Group lowered their price target on Landstar System from $165.00 to $158.00 and set a “sell” rating on the stock in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Landstar System presently has an average rating of “Hold” and an average target price of $174.25.

Landstar System Stock Up 0.8 %

NASDAQ LSTR traded up $1.43 on Wednesday, reaching $177.20. The company had a trading volume of 196,742 shares, compared to its average volume of 259,902. The firm has a market capitalization of $6.28 billion, a PE ratio of 30.39 and a beta of 0.80. Landstar System has a 1 year low of $165.39 and a 1 year high of $201.40. The firm has a 50-day moving average of $182.96 and a 200-day moving average of $182.36. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.21 and a quick ratio of 2.17.

Landstar System (NASDAQ:LSTR) last released its earnings results on Tuesday, October 29th. The transportation company reported $1.41 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.04). The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.71 earnings per share. On average, equities research analysts anticipate that Landstar System will post 5.77 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. Stockholders of record on Tuesday, November 19th will be paid a dividend of $0.36 per share. 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 24.70%.

Institutional Investors Weigh In On Landstar System

Hedge funds and other institutional investors have recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV raised its stake in shares of Landstar System by 108.8% during the 2nd 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 in the last quarter. Quest Partners LLC purchased a new stake in shares of Landstar System during the 2nd quarter worth about $73,000. Mather Group LLC. raised its stake in shares of 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 purchasing an additional 255 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Landstar System by 431.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock worth $83,000 after purchasing an additional 358 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new position in shares of Landstar System in the 1st quarter valued at approximately $86,000. 97.95% of the stock is 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.