Landstar System (NASDAQ:LSTR) Price Target Raised to $147.00 at Stifel Nicolaus

Landstar System (NASDAQ:LSTR) had its price target raised by Stifel Nicolaus from $145.00 to $147.00 in a research note released on Thursday,Benzinga reports. They currently have a hold rating on the transportation company’s stock.

A number of other research analysts also recently weighed in on the stock. Weiss Ratings raised shares of Landstar System from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Susquehanna lifted their price target on shares of Landstar System from $110.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Benchmark reiterated a “hold” rating on shares of Landstar System in a research note on Thursday, January 29th. Morgan Stanley increased their price objective on Landstar System from $133.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. Finally, Barclays raised their target price on Landstar System from $130.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Landstar System presently has a consensus rating of “Hold” and an average target price of $153.00.

Landstar System Stock Performance

NASDAQ LSTR opened at $163.27 on Thursday. Landstar System has a 52-week low of $119.32 and a 52-week high of $166.11. The company has a 50-day simple moving average of $153.72 and a 200 day simple moving average of $141.30. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market capitalization of $5.55 billion, a PE ratio of 49.33 and a beta of 0.80.

Landstar System Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 18th were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. Landstar System’s payout ratio is 48.34%.

Institutional Trading of Landstar System

A number of institutional investors have recently modified their holdings of LSTR. Rockefeller Capital Management L.P. raised its holdings in Landstar System by 623.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,114 shares of the transportation company’s stock valued at $160,000 after acquiring an additional 960 shares during the period. River Road Asset Management LLC purchased a new stake in shares of Landstar System during the fourth quarter worth $18,082,000. Virtu Financial LLC bought a new position in shares of Landstar System in the fourth quarter worth $351,000. Corient Private Wealth LLC grew its position in shares of Landstar System by 99.5% in the fourth quarter. Corient Private Wealth LLC now owns 742,215 shares of the transportation company’s stock valued at $105,877,000 after purchasing an additional 370,253 shares in the last quarter. Finally, Alberta Investment Management Corp purchased a new position in shares of Landstar System in the fourth quarter valued at $1,552,000. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Landstar System Company Profile

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.