Landstar System (NASDAQ:LSTR) Price Target Raised to $169.00 at Stifel Nicolaus

Landstar System (NASDAQ:LSTR) had its target price upped by Stifel Nicolaus from $164.00 to $169.00 in a report issued on Thursday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the transportation company’s stock.

A number of other equities analysts have also recently commented on LSTR. The Goldman Sachs Group reduced their price objective on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. Evercore ISI lowered their price target on shares of Landstar System from $165.00 to $160.00 and set an “in-line” rating on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on Landstar System from $184.00 to $188.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. 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 note on Wednesday, October 30th. Finally, Susquehanna decreased their price objective on Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. One analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. Based on data from MarketBeat, Landstar System currently has a consensus rating of “Hold” and an average target price of $172.27.

Landstar System Stock Performance

Shares of LSTR opened at $176.17 on Thursday. The firm has a fifty day simple moving average of $178.44 and a 200 day simple moving average of $182.34. Landstar System has a 12 month low of $164.04 and a 12 month high of $200.43. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of 30.22 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last released its earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.04). The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.22 billion. Landstar System had a net margin of 4.32% and a return on equity of 20.68%. Landstar System’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.71 earnings per share. Research analysts forecast that Landstar System will post 5.57 EPS for the current fiscal year.

Landstar System Increases Dividend

The company also recently announced a special dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were given a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, January 7th. This is a boost from Landstar System’s previous special dividend of $1.50. Landstar System’s payout ratio is presently 24.70%.

Insider Buying and Selling

In related news, CFO James P. Todd sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $184.32, for a total value of $184,320.00. Following the sale, the chief financial officer now directly owns 14,083 shares of the company’s stock, valued at $2,595,778.56. This trade represents a 6.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Trust Co. of Vermont acquired a new position in Landstar System during the 4th quarter worth approximately $34,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Landstar System by 431.3% in the 3rd 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 last quarter. GAMMA Investing LLC boosted its holdings in shares of Landstar System by 14.1% during the 3rd quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock valued at $107,000 after acquiring an additional 70 shares in the last quarter. Point72 DIFC Ltd bought a new stake in Landstar System during the 2nd quarter worth $106,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Landstar System in the 2nd quarter worth about $131,000. 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.