Landstar System (NASDAQ:LSTR) PT Raised to $170.00 at Susquehanna

Landstar System (NASDAQ:LSTRFree Report) had its target price upped by Susquehanna from $162.00 to $170.00 in a report released on Friday morning, Benzinga reports. The firm currently has a neutral rating on the transportation company’s stock.

LSTR has been the subject of a number of other reports. Morgan Stanley lowered their target price on Landstar System from $150.00 to $145.00 and set an equal weight rating for the company in a research note on Monday, October 30th. Stifel Nicolaus raised their target price on Landstar System from $165.00 to $171.00 and gave the company a hold rating in a research note on Wednesday, January 10th. Stephens lowered their target price on Landstar System from $210.00 to $190.00 and set an equal weight rating for the company in a research note on Friday, October 27th. JPMorgan Chase & Co. initiated coverage on Landstar System in a research note on Monday, December 11th. They issued a neutral rating and a $186.00 target price for the company. Finally, StockNews.com assumed coverage on Landstar System in a research note on Thursday, October 5th. They issued a hold rating for the company. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Landstar System has a consensus rating of Hold and an average price target of $185.00.

Check Out Our Latest Stock Analysis on Landstar System

Landstar System Stock Performance

Landstar System stock opened at $191.88 on Friday. Landstar System has a 52-week low of $161.13 and a 52-week high of $208.62. The firm has a market capitalization of $6.90 billion, a P/E ratio of 26.11 and a beta of 0.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.00 and a quick ratio of 2.08. The stock has a fifty day moving average price of $189.01 and a two-hundred day moving average price of $185.04.

Landstar System Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Monday, February 12th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Friday, February 9th. Landstar System’s dividend payout ratio (DPR) is currently 17.96%.

Hedge Funds Weigh In On Landstar System

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Your Advocates Ltd. LLP boosted its holdings in Landstar System by 500.0% during the second quarter. Your Advocates Ltd. LLP now owns 150 shares of the transportation company’s stock worth $29,000 after buying an additional 125 shares during the last quarter. Larson Financial Group LLC bought a new position in Landstar System during the third quarter worth about $49,000. GAMMA Investing LLC bought a new position in Landstar System during the fourth quarter worth about $58,000. First Capital Advisors Group LLC. bought a new position in Landstar System during the second quarter worth about $59,000. Finally, Belpointe Asset Management LLC boosted its holdings in Landstar System by 150.7% during the first quarter. Belpointe Asset Management LLC now owns 356 shares of the transportation company’s stock worth $64,000 after buying an additional 214 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.

Landstar System Company Profile

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Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. The company 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, small package and less-than-truckload service providers.

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