Landstar System (NASDAQ:LSTR) Given New $147.00 Price Target at JPMorgan Chase & Co.

Landstar System (NASDAQ:LSTR) had its price objective decreased by JPMorgan Chase & Co. from $177.00 to $147.00 in a research note published on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the transportation company’s stock.

LSTR has been the topic of a number of other reports. Susquehanna cut their price objective on Landstar System from $150.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 26th. Stifel Nicolaus boosted their price target on shares of Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Benchmark reiterated a “hold” rating on shares of Landstar System in a research report on Thursday. TD Cowen cut their price target on shares of Landstar System from $161.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, Truist Financial lowered their price objective on Landstar System from $160.00 to $150.00 and set a “hold” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $160.45.

Landstar System Trading Down 8.8 %

Shares of NASDAQ LSTR opened at $138.63 on Thursday. The firm has a 50 day moving average price of $157.14 and a two-hundred day moving average price of $172.75. The stock has a market cap of $4.90 billion, a P/E ratio of 25.11 and a beta of 0.82. Landstar System has a 52-week low of $137.49 and a 52-week high of $196.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. As a group, equities analysts forecast that Landstar System will post 6.1 EPS for the current year.

Landstar System Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Tuesday, February 18th. Landstar System’s dividend payout ratio (DPR) is currently 26.09%.

Institutional Investors Weigh In On Landstar System

A number of hedge funds have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in shares of Landstar System in the 4th quarter worth $25,000. HM Payson & Co. acquired a new position in Landstar System during the fourth quarter worth $26,000. Colonial Trust Co SC lifted its stake in shares of Landstar System by 61.7% in the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company’s stock valued at $32,000 after buying an additional 71 shares in the last quarter. Trust Co. of Vermont acquired a new position in shares of Landstar System during the fourth quarter valued at about $34,000. Finally, Transce3nd LLC bought a new stake in shares of Landstar System during the fourth quarter worth about $60,000. Institutional investors and hedge funds 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.