Susquehanna Trims Landstar System (NASDAQ:LSTR) Target Price to $165.00

Landstar System (NASDAQ:LSTR) had its price target trimmed by Susquehanna from $170.00 to $165.00 in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

LSTR has been the subject of several other reports. Stifel Nicolaus cut their price target on Landstar System from $171.00 to $166.00 and set a hold rating for the company in a research note on Friday, February 2nd. Wells Fargo & Company upped their target price on Landstar System from $165.00 to $180.00 and gave the stock an equal weight rating in a research note on Friday, February 2nd. UBS Group upped their target price on Landstar System from $175.00 to $200.00 and gave the stock a neutral rating in a research note on Friday, February 2nd. Wolfe Research upgraded Landstar System from a peer perform rating to an outperform rating and set a $205.00 target price for the company in a research note on Wednesday, January 10th. Finally, JPMorgan Chase & Co. started coverage on Landstar System in a research note on Monday, December 11th. They set a neutral rating and a $186.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and an average target price of $184.55.

Landstar System Price Performance

Landstar System stock opened at $192.76 on Monday. Landstar System has a 12 month low of $161.13 and a 12 month high of $208.62. The stock’s 50 day moving average is $190.46 and its 200-day moving average is $183.66. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 26.23 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, January 31st. The transportation company reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.01). The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.25 billion. Landstar System had a net margin of 4.99% and a return on equity of 26.73%. Equities research analysts expect that Landstar System will post 6.82 EPS for the current year.

Landstar System Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Monday, February 12th were issued a $0.33 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $1.32 dividend on an annualized basis and a yield of 0.68%. Landstar System’s payout ratio is 17.96%.

Insiders Place Their Bets

In other news, VP Michael K. Kneller sold 12,219 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the transaction, the vice president now owns 61,127 shares of the company’s stock, valued at approximately $11,632,468.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Landstar System

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Landstar System by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 3,454,652 shares of the transportation company’s stock worth $668,993,000 after purchasing an additional 27,026 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Landstar System by 1.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 313,733 shares of the transportation company’s stock worth $60,755,000 after purchasing an additional 4,062 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Landstar System by 1.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 41,431 shares of the transportation company’s stock worth $8,023,000 after purchasing an additional 575 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Landstar System in the 4th quarter valued at about $251,000. Finally, Voloridge Investment Management LLC lifted its position in Landstar System by 78.9% in the 4th quarter. Voloridge Investment Management LLC now owns 17,661 shares of the transportation company’s stock valued at $3,420,000 after acquiring an additional 7,787 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.