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

Landstar System, Inc. (NASDAQ:LSTR) has been assigned an average recommendation of “Hold” from the ten research firms that are presently covering the company, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $183.00.

LSTR has been the subject of a number of research reports. Benchmark reissued a “hold” rating on shares of Landstar System in a research note on Friday, April 26th. Raymond James started coverage on shares of Landstar System in a research note on Wednesday, May 15th. They issued an “outperform” rating and a $205.00 price objective for the company. Susquehanna cut their price objective on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, April 26th. Finally, Stifel Nicolaus cut their price objective on shares of Landstar System from $166.00 to $164.00 and set a “hold” rating for the company in a research note on Monday, April 29th.

Institutional Trading of Landstar System

Several institutional investors have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Landstar System during the 3rd quarter valued at about $345,000. Envestnet Asset Management Inc. lifted its stake in shares of Landstar System by 49.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 156,879 shares of the transportation company’s stock worth $27,758,000 after purchasing an additional 51,669 shares during the period. Invesco Ltd. lifted its stake in shares of Landstar System by 55.1% in the 3rd quarter. Invesco Ltd. now owns 417,932 shares of the transportation company’s stock worth $73,949,000 after purchasing an additional 148,490 shares during the period. Aigen Investment Management LP bought a new position in shares of Landstar System in the 3rd quarter worth approximately $265,000. Finally, Acadian Asset Management LLC lifted its stake in shares of Landstar System by 18.4% in the 3rd quarter. Acadian Asset Management LLC now owns 59,970 shares of the transportation company’s stock worth $10,602,000 after purchasing an additional 9,319 shares during the period. 97.95% of the stock is owned by hedge funds and other institutional investors.

Landstar System Stock Performance

NASDAQ LSTR opened at $180.98 on Wednesday. The company’s 50 day moving average is $178.94 and its 200-day moving average is $186.02. The firm has a market cap of $6.47 billion, a P/E ratio of 27.84 and a beta of 0.83. Landstar System has a 12-month low of $161.13 and a 12-month high of $208.62. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.04.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.28 by $0.04. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Landstar System had a net margin of 4.63% and a return on equity of 23.11%. Sell-side analysts predict that Landstar System will post 6.31 earnings per share for the current year.

Landstar System Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Wednesday, May 8th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.73%. The ex-dividend date was Tuesday, May 7th. Landstar System’s dividend payout ratio (DPR) is 20.31%.

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.