Landstar System, Inc. (NASDAQ:LSTR) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Landstar System, Inc. (NASDAQ:LSTR) have been assigned a consensus rating of “Reduce” from the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and eleven have given a hold recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $170.40.

Several research analysts have recently commented on the company. Evercore ISI cut their price objective on Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a report on Wednesday, October 30th. Benchmark reissued a “hold” rating on shares of Landstar System in a report on Friday, January 31st. UBS Group boosted their price objective on Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Susquehanna dropped their target price on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Finally, Raymond James downgraded Landstar System from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th.

Institutional Investors Weigh In On Landstar System

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ascent Group LLC grew its stake in Landstar System by 24.5% in the fourth quarter. Ascent Group LLC now owns 7,371 shares of the transportation company’s stock worth $1,267,000 after purchasing an additional 1,451 shares during the period. Kolinsky Wealth Management LLC lifted its holdings in shares of Landstar System by 24.7% during the fourth quarter. Kolinsky Wealth Management LLC now owns 2,486 shares of the transportation company’s stock valued at $427,000 after purchasing an additional 492 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Landstar System by 14.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 125,643 shares of the transportation company’s stock valued at $21,593,000 after acquiring an additional 15,824 shares during the period. Squarepoint Ops LLC lifted its holdings in Landstar System by 10.3% in the fourth quarter. Squarepoint Ops LLC now owns 21,890 shares of the transportation company’s stock valued at $3,762,000 after acquiring an additional 2,038 shares during the period. Finally, Snowden Capital Advisors LLC lifted its holdings in Landstar System by 5.0% in the fourth quarter. Snowden Capital Advisors LLC now owns 3,334 shares of the transportation company’s stock valued at $573,000 after acquiring an additional 159 shares during the period. 97.95% of the stock is owned by hedge funds and other institutional investors.

Landstar System Stock Up 0.4 %

LSTR stock opened at $159.31 on Monday. Landstar System has a twelve month low of $152.73 and a twelve month high of $196.86. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $5.63 billion, a PE ratio of 28.86 and a beta of 0.83. The stock has a 50-day simple moving average of $169.52 and a two-hundred day simple moving average of $179.12.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. On average, equities analysts predict that Landstar System will post 6.1 EPS for the current fiscal year.

Landstar System Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.90%. Landstar System’s dividend payout ratio is presently 26.09%.

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.