Landstar System, Inc. (NASDAQ:LSTR) Receives Average Rating of “Hold” from Brokerages

Landstar System, Inc. (NASDAQ:LSTR) has been assigned an average recommendation of “Hold” from the thirteen analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $177.25.

Several research firms recently issued reports on LSTR. The Goldman Sachs Group reduced their price target on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. TD Cowen raised their price objective on shares of Landstar System from $171.00 to $176.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Stifel Nicolaus dropped their price objective on shares of Landstar System from $164.00 to $160.00 and set a “hold” rating for the company in a report on Thursday, August 1st. Evercore ISI lowered their target price on Landstar System from $167.00 to $165.00 and set an “in-line” rating for the company in a research note on Thursday, October 3rd. Finally, Wolfe Research lowered Landstar System from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 11th.

Institutional Investors Weigh In On Landstar System

Institutional investors have recently modified their holdings of the business. Mather Group LLC. bought a new position in Landstar System during the 1st quarter valued at about $27,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Landstar System by 108.8% during the second 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 last quarter. Quest Partners LLC purchased a new position in shares of Landstar System during the second quarter valued at approximately $73,000. Whittier Trust Co. of Nevada Inc. lifted its position in Landstar System by 431.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock valued at $83,000 after purchasing an additional 358 shares during the period. Finally, Fidelis Capital Partners LLC purchased a new stake in Landstar System in the first quarter worth approximately $86,000. 97.95% of the stock is owned by hedge funds and other institutional investors.

Landstar System Stock Performance

LSTR opened at $183.73 on Tuesday. Landstar System has a 1 year low of $161.13 and a 1 year high of $201.40. The company has a market capitalization of $6.57 billion, a PE ratio of 28.27 and a beta of 0.80. The business has a fifty day simple moving average of $184.38 and a 200 day simple moving average of $182.55. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.17.

Landstar System (NASDAQ:LSTR) last released its earnings results on Tuesday, July 30th. The transportation company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.02. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.25 billion. Landstar System had a return on equity of 21.69% and a net margin of 4.49%. Landstar System’s quarterly revenue was down 10.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.85 EPS. Research analysts expect that Landstar System will post 5.85 EPS for the current year.

Landstar System Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were paid a $0.36 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $1.44 annualized dividend and a dividend yield of 0.78%. This is a boost from Landstar System’s previous quarterly dividend of $0.33. Landstar System’s payout ratio is currently 22.15%.

Landstar System Company Profile

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.