Susquehanna Trims Landstar System (NASDAQ:LSTR) Target Price to $160.00

Landstar System (NASDAQ:LSTR) had its target price trimmed by Susquehanna from $165.00 to $160.00 in a research note published on Friday morning, Benzinga reports. The firm currently has a neutral rating on the transportation company’s stock.

Several other brokerages have also recently commented on LSTR. Wells Fargo & Company increased their price objective on Landstar System from $165.00 to $180.00 and gave the stock an equal weight rating in a report on Friday, February 2nd. UBS Group raised their price target on shares of Landstar System from $175.00 to $200.00 and gave the company a neutral rating in a report on Friday, February 2nd. Wolfe Research raised shares of Landstar System from a peer perform rating to an outperform rating and set a $205.00 price objective for the company in a research note on Wednesday, January 10th. Finally, Stifel Nicolaus lowered their target price on shares of Landstar System from $171.00 to $166.00 and set a hold rating on the stock in a research report on Friday, February 2nd. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of Hold and a consensus price target of $184.09.

Landstar System Trading Down 0.1 %

Shares of NASDAQ:LSTR opened at $177.26 on Friday. The firm has a fifty day moving average of $184.33 and a two-hundred day moving average of $183.53. The company has a quick ratio of 2.00, a current ratio of 2.22 and a debt-to-equity ratio of 0.04. Landstar System has a 12-month low of $161.13 and a 12-month high of $208.62. The firm has a market capitalization of $6.34 billion, a P/E ratio of 27.27, a price-to-earnings-growth ratio of 4.69 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.04. Landstar System had a return on equity of 23.11% and a net margin of 4.63%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.12 billion. On average, equities analysts expect that Landstar System will post 6.69 EPS for the current fiscal year.

Landstar System Dividend Announcement

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

Insider Buying and Selling at Landstar System

In other news, VP Michael K. Kneller sold 12,219 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the completion of the transaction, the vice president now directly owns 61,127 shares in the company, valued at $11,632,468.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LSTR. Simplicity Wealth LLC bought a new position in Landstar System during the first quarter valued at about $846,000. Louisiana State Employees Retirement System increased its position in shares of Landstar System by 2.0% during the first quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the transportation company’s stock valued at $1,985,000 after purchasing an additional 200 shares during the period. Wesbanco Bank Inc. acquired a new position in shares of Landstar System in the first quarter valued at $509,000. Confluence Wealth Services Inc. lifted its position in Landstar System by 8.9% in the first quarter. Confluence Wealth Services Inc. now owns 4,575 shares of the transportation company’s stock worth $882,000 after purchasing an additional 374 shares during the period. Finally, Raymond James & Associates boosted its stake in Landstar System by 2.3% during the first quarter. Raymond James & Associates now owns 145,164 shares of the transportation company’s stock worth $27,982,000 after buying an additional 3,236 shares in the last quarter. Institutional investors 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.