Landstar System (NASDAQ:LSTR) had its price target boosted by Cowen from $115.00 to $118.00 in a research report sent to investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has a market perform rating on the transportation company’s stock.
Several other equities analysts also recently commented on LSTR. Stephens reaffirmed a buy rating and issued a $143.00 target price on shares of Landstar System in a research report on Monday. Morgan Stanley increased their price target on Landstar System from $94.00 to $96.00 and gave the stock an underweight rating in a research report on Friday, April 6th. Goldman Sachs began coverage on Landstar System in a research report on Tuesday. They set a buy rating and a $130.00 price target on the stock. Buckingham Research increased their price target on Landstar System from $130.00 to $131.00 and gave the stock a neutral rating in a research report on Wednesday, April 4th. Finally, KeyCorp reissued a buy rating and set a $125.00 price target on shares of Landstar System in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $113.08.
Landstar System stock opened at $107.55 on Tuesday. Landstar System has a 12 month low of $80.00 and a 12 month high of $118.60. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market capitalization of $4,463.36, a PE ratio of 28.29, a PEG ratio of 1.43 and a beta of 0.79.
Landstar System (NASDAQ:LSTR) last posted its earnings results on Wednesday, January 31st. The transportation company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.02 by $0.06. Landstar System had a return on equity of 25.30% and a net margin of 4.86%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the business earned $0.94 earnings per share. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. analysts anticipate that Landstar System will post 5.51 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Monday, February 19th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 15th. This is a boost from Landstar System’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a yield of 0.56%. Landstar System’s dividend payout ratio is presently 16.00%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LSTR. Carillon Tower Advisers Inc. bought a new stake in Landstar System during the fourth quarter worth $60,792,000. Victory Capital Management Inc. lifted its stake in Landstar System by 62.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,414,500 shares of the transportation company’s stock worth $147,249,000 after purchasing an additional 544,200 shares during the last quarter. First Trust Advisors LP lifted its stake in Landstar System by 769.5% during the fourth quarter. First Trust Advisors LP now owns 320,846 shares of the transportation company’s stock worth $33,400,000 after purchasing an additional 283,946 shares during the last quarter. Old Mutual Global Investors UK Ltd. lifted its stake in Landstar System by 64.5% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 246,964 shares of the transportation company’s stock worth $25,708,000 after purchasing an additional 96,840 shares during the last quarter. Finally, Anchor Bolt Capital LP bought a new position in shares of Landstar System in the 4th quarter valued at $8,852,000. Hedge funds and other institutional investors own 99.87% of the company’s stock.
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About Landstar System
Landstar System, Inc (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs.
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