Morgan Stanley Cuts Landstar System (NASDAQ:LSTR) Price Target to $145.00

Landstar System (NASDAQ:LSTRFree Report) had its price target reduced by Morgan Stanley from $147.00 to $145.00 in a research note published on Monday, Benzinga reports. They currently have an equal weight rating on the transportation company’s stock.

A number of other equities research analysts also recently weighed in on LSTR. Evercore ISI lifted their target price on Landstar System from $161.00 to $173.00 and gave the stock an in-line rating in a report on Tuesday, June 25th. Stifel Nicolaus lowered their target price on Landstar System from $166.00 to $164.00 and set a hold rating for the company in a report on Monday, April 29th. Susquehanna lowered their target price on Landstar System from $165.00 to $160.00 and set a neutral rating for the company in a report on Friday, April 26th. Benchmark reiterated a hold rating on shares of Landstar System in a report on Friday, April 26th. Finally, Raymond James initiated coverage on Landstar System in a report on Wednesday, May 15th. They issued an outperform rating and a $205.00 target price for the company. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $182.55.

View Our Latest Stock Report on Landstar System

Landstar System Price Performance

Landstar System stock opened at $175.32 on Monday. The stock’s 50 day moving average is $181.27 and its 200 day moving average is $185.44. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.22 and a quick ratio of 2.22. The firm has a market cap of $6.27 billion, a P/E ratio of 26.97 and a beta of 0.80. Landstar System has a one year low of $161.13 and a one year high of $208.62.

Landstar System (NASDAQ:LSTRGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.04. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.12 billion. Landstar System had a return on equity of 23.11% and a net margin of 4.63%. As a group, research analysts expect that Landstar System will post 6.31 EPS for the current year.

Landstar System Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Wednesday, May 8th were issued a dividend of $0.33 per share. The ex-dividend date was Tuesday, May 7th. This represents a $1.32 annualized dividend and a yield of 0.75%. Landstar System’s dividend payout ratio (DPR) is currently 20.31%.

Institutional Investors Weigh In On Landstar System

Institutional investors have recently bought and sold shares of the stock. Linden Thomas Advisory Services LLC boosted its position in Landstar System by 9.6% in the second quarter. Linden Thomas Advisory Services LLC now owns 8,190 shares of the transportation company’s stock worth $1,511,000 after purchasing an additional 717 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Landstar System by 362.6% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 4,145 shares of the transportation company’s stock valued at $765,000 after buying an additional 3,249 shares during the last quarter. Mather Group LLC. raised its stake in shares of Landstar System by 183.5% during the 2nd quarter. Mather Group LLC. now owns 394 shares of the transportation company’s stock valued at $76,000 after purchasing an additional 255 shares during the period. Massmutual Trust Co. FSB ADV raised its stake in shares of Landstar System by 108.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 74 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Landstar System by 58.1% during the 2nd quarter. GAMMA Investing LLC now owns 498 shares of the transportation company’s stock valued at $92,000 after purchasing an additional 183 shares during the period. Institutional investors own 97.95% of the company’s stock.

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.

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Analyst Recommendations for Landstar System (NASDAQ:LSTR)

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