Landstar System’s (LSTR) “Hold” Rating Reiterated at Benchmark

Benchmark reissued their hold rating on shares of Landstar System (NASDAQ:LSTR) in a research report sent to investors on Friday morning,Benzinga reports.

LSTR has been the subject of several other research reports. TD Cowen cut their price objective on Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. The Goldman Sachs Group lowered their price objective on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. Stifel Nicolaus boosted their target price on shares of Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Evercore ISI reduced their target price on shares of Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a report on Wednesday, October 30th. Finally, UBS Group increased their price objective on Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating and eleven have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $170.40.

Landstar System Stock Down 1.4 %

Shares of Landstar System stock opened at $164.66 on Friday. The business has a 50-day moving average price of $177.10 and a 200 day moving average price of $181.94. Landstar System has a fifty-two week low of $162.58 and a fifty-two week high of $197.16. The firm has a market cap of $5.82 billion, a P/E ratio of 29.83 and a beta of 0.83. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.04.

Landstar System (NASDAQ:LSTR) last announced 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 19.37%. On average, sell-side analysts forecast that Landstar System will post 6.7 earnings per share for the current fiscal year.

Landstar System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Tuesday, February 18th. Landstar System’s dividend payout ratio is 26.09%.

Insider Activity at Landstar System

In other news, CFO James P. Todd sold 1,000 shares of Landstar System stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total transaction of $184,320.00. Following the sale, the chief financial officer now directly owns 14,083 shares in the company, valued at approximately $2,595,778.56. The trade was a 6.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Landstar System

Hedge funds have recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in Landstar System in the 4th quarter valued at about $25,000. Trust Co. of Vermont bought a new stake in shares of Landstar System during the fourth quarter valued at approximately $34,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Landstar System by 431.3% in 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 in the last quarter. GAMMA Investing LLC raised its position in Landstar System by 14.1% in the 3rd quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock worth $107,000 after purchasing an additional 70 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Landstar System during the 2nd quarter worth $131,000. 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.