6 days Ago By Defense World Staff
Landstar System (NASDAQ:LSTR – Free Report) had its price target cut by Stifel Nicolaus from $162.00 to $147.00 in a research note published on Monday,Benzinga reports.
They currently have a hold rating on the transportation company’s stock.Other analysts have also issued research reports about the stock. Benchmark reiterated a “hold” rating on shares of Landstar System in a research note on Monday.
Truist Financial dropped their price target on shares of Landstar System from $160.00 to $150.00 and set a “hold” rating on the stock in a research note on Thursday, April 3rd.
Jefferies Financial Group decreased their price objective on shares of Landstar System from $170.00 to $150.00 and set a “hold” rating for the company in a research report on Friday.
Susquehanna dropped their target price on Landstar System from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th.
Finally, JPMorgan Chase & Co. reduced their price target on Landstar System from $177.00 to $147.
00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating and thirteen have given a hold rating to the stock. According to data from MarketBeat.
com, Landstar System currently has an average rating of “Hold” and a consensus price target of $156.92.Read Our Latest Report on LSTRLandstar System Stock PerformanceNASDAQ:LSTR opened at $141.
32 on Monday. The firm’s fifty day simple moving average is $151.52 and its 200 day simple moving average is $169.
76. The company has a current ratio of 1.96, a quick ratio of 2.
21 and a debt-to-equity ratio of 0.07. Landstar System has a twelve month low of $128.
99 and a twelve month high of $196.86. The firm has a market capitalization of $4.
94 billion, a price-to-earnings ratio of 25.60 and a beta of 0.88.
Landstar System (NASDAQ:LSTR – Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.
35 by ($0.04). Landstar System had a return on equity of 19.
56% and a net margin of 4.07%. As a group, equities research analysts expect that Landstar System will post 6.
1 earnings per share for the current fiscal year. Landstar System Announces DividendThe business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a $0.
36 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.
44 dividend on an annualized basis and a yield of 1.02%. Landstar System’s dividend payout ratio is presently 26.
09%. Institutional Investors Weigh In On Landstar SystemA number of institutional investors and hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC raised its holdings in shares of Landstar System by 22.
6% during the fourth quarter. Nisa Investment Advisors LLC now owns 17,077 shares of the transportation company’s stock worth $2,935,000 after acquiring an additional 3,150 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Landstar System by 14.
1% during the 4th quarter. Pictet Asset Management Holding SA now owns 5,392 shares of the transportation company’s stock valued at $927,000 after buying an additional 665 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Landstar System by 5.
1% in the 3rd quarter. Geode Capital Management LLC now owns 813,546 shares of the transportation company’s stock valued at $153,685,000 after buying an additional 39,223 shares in the last quarter. Franklin Resources Inc.
increased its holdings in Landstar System by 28.1% in the third quarter. Franklin Resources Inc.
now owns 58,177 shares of the transportation company’s stock worth $11,000,000 after buying an additional 12,756 shares during the last quarter. Finally, Boston Trust Walden Corp raised its position in Landstar System by 21.1% during the fourth quarter.
Boston Trust Walden Corp now owns 277,520 shares of the transportation company’s stock valued at $47,695,000 after acquiring an additional 48,312 shares in the last quarter. 97.95% of the stock is owned by institutional investors and hedge funds.
Landstar System Company Profile (Get Free Report)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.Recommended StoriesFive stocks we like better than Landstar System10 Best Airline Stocks to BuyWhy NVIDIA Stock Could Soar Despite Wall Street DowngradesDiversification Can Smooth Returns And Mitigate Portfolio RiskTop 3 Large Cap Stocks Insiders Bought in Q1: Buy, Sell, or HoldHow to Short Nasdaq: An Easy-to-Follow Guide3 Hot New IPOs Defying the 2025 Market Slump.
