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

Landstar System, Inc. (NASDAQ:LSTR) has received an average recommendation of “Reduce” from the thirteen research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and twelve have assigned a hold recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $172.27.

A number of analysts recently commented on the company. Evercore ISI lowered their price objective on Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective on shares of Landstar System from $184.00 to $188.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Stephens reduced their price target on Landstar System from $190.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. The Goldman Sachs Group cut their price target on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating on the stock in a research report on Wednesday, October 9th. Finally, TD Cowen decreased their price objective on shares of Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a report on Wednesday, October 30th.

Landstar System Price Performance

NASDAQ:LSTR opened at $172.92 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.21 and a current ratio of 2.21. The company has a 50-day moving average of $177.67 and a 200-day moving average of $182.26. Landstar System has a 52 week low of $164.04 and a 52 week high of $197.16. The company has a market capitalization of $6.11 billion, a price-to-earnings ratio of 29.66 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Landstar System had a net margin of 4.32% and a return on equity of 20.68%. As a group, equities research analysts anticipate that Landstar System will post 5.57 earnings per share for the current fiscal year.

Landstar System Increases Dividend

The business also recently declared a special dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were paid a $2.00 dividend. This is an increase from Landstar System’s previous special dividend of $1.50. The ex-dividend date of this dividend was Tuesday, January 7th. Landstar System’s payout ratio is 24.70%.

Insider Buying and Selling at Landstar System

In other Landstar System news, CFO James P. Todd sold 1,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $184.32, for a total transaction of $184,320.00. Following the completion of the transaction, the chief financial officer now directly owns 14,083 shares of the company’s stock, valued at approximately $2,595,778.56. This represents a 6.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Landstar System

Institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Planning lifted its stake in shares of Landstar System by 18.2% in the 2nd quarter. Creative Planning now owns 4,285 shares of the transportation company’s stock valued at $790,000 after acquiring an additional 659 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Landstar System in the second quarter valued at approximately $854,000. Sanctuary Advisors LLC bought a new position in shares of Landstar System in the second quarter worth approximately $946,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Landstar System in the second quarter worth $131,000. Finally, Point72 DIFC Ltd bought a new stake in Landstar System during the 2nd quarter valued at $106,000. 97.95% of the stock is owned by hedge funds and other institutional investors.

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.