Stifel Nicolaus Trims Landstar System (NASDAQ:LSTR) Target Price to $166.00

Landstar System (NASDAQ:LSTRFree Report) had its price target reduced by Stifel Nicolaus from $171.00 to $166.00 in a research note released on Friday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the transportation company’s stock.

Other analysts have also issued reports about the stock. Susquehanna boosted their target price on shares of Landstar System from $162.00 to $170.00 and gave the company a neutral rating in a research report on Friday. StockNews.com assumed coverage on shares of Landstar System in a research report on Thursday, October 5th. They issued a hold rating for the company. Wolfe Research raised shares of Landstar System from a peer perform rating to an outperform rating and set a $205.00 target price on the stock in a report on Wednesday, January 10th. Stephens lowered their target price on shares of Landstar System from $210.00 to $190.00 and set an equal weight rating on the stock in a report on Friday, October 27th. Finally, Morgan Stanley lowered their target price on shares of Landstar System from $150.00 to $145.00 and set an equal weight rating on the stock in a report on Monday, October 30th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $185.00.

Read Our Latest Stock Report on LSTR

Landstar System Stock Up 0.5 %

Shares of Landstar System stock opened at $191.88 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.00. The stock has a market capitalization of $6.90 billion, a PE ratio of 26.11 and a beta of 0.85. Landstar System has a 52-week low of $161.13 and a 52-week high of $208.62. The company has a 50-day simple moving average of $189.01 and a two-hundred day simple moving average of $185.04.

Landstar System Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Monday, February 12th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, February 9th. Landstar System’s payout ratio is currently 17.96%.

Hedge Funds Weigh In On Landstar System

A number of institutional investors have recently bought and sold shares of LSTR. BlackRock Inc. grew its stake in shares of Landstar System by 0.8% during the 1st quarter. BlackRock Inc. now owns 4,085,967 shares of the transportation company’s stock worth $616,286,000 after purchasing an additional 31,476 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Landstar System by 0.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,273,485 shares of the transportation company’s stock worth $586,805,000 after purchasing an additional 25,366 shares during the last quarter. Morgan Stanley raised its holdings in shares of Landstar System by 756.6% during the 4th quarter. Morgan Stanley now owns 3,045,902 shares of the transportation company’s stock worth $496,178,000 after acquiring an additional 2,690,326 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Landstar System by 2.6% during the 2nd quarter. Victory Capital Management Inc. now owns 1,549,559 shares of the transportation company’s stock worth $298,352,000 after acquiring an additional 38,868 shares during the period. Finally, State Street Corp raised its holdings in shares of Landstar System by 4.1% during the 1st quarter. State Street Corp now owns 1,179,816 shares of the transportation company’s stock worth $177,952,000 after acquiring an additional 46,997 shares during the period. 99.52% of the stock is owned by hedge funds and other institutional investors.

About Landstar System

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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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Analyst Recommendations for Landstar System (NASDAQ:LSTR)

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