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

Landstar System, Inc. (NASDAQ:LSTR) has earned a consensus rating of “Hold” from the twelve ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $176.09.

LSTR has been the topic of several recent analyst reports. Raymond James reduced their target price on Landstar System from $205.00 to $195.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price objective on Landstar System from $182.00 to $188.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group lowered their target price on Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a research note on Wednesday, October 9th. Benchmark reiterated a “hold” rating on shares of Landstar System in a research report on Wednesday, July 31st. Finally, 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.

Landstar System Stock Up 0.5 %

Shares of NASDAQ:LSTR opened at $179.15 on Tuesday. The company’s fifty day moving average is $183.80 and its 200-day moving average is $182.40. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.17 and a current ratio of 2.17. Landstar System has a 52 week low of $161.13 and a 52 week high of $201.40. The company has a market capitalization of $6.35 billion, a PE ratio of 29.23 and a beta of 0.80.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.25 billion. Landstar System had a net margin of 4.49% and a return on equity of 21.69%. The company’s revenue for the quarter was down 10.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.85 earnings per share. Equities research analysts predict that Landstar System will post 5.84 earnings per share for the current fiscal year.

Landstar System Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.80%. This is an increase from Landstar System’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Tuesday, August 20th. Landstar System’s payout ratio is 23.49%.

Hedge Funds Weigh In On Landstar System

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Landstar System by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 3,480,039 shares of the transportation company’s stock valued at $670,812,000 after acquiring an additional 25,387 shares during the last quarter. Quantbot Technologies LP grew its stake in shares of Landstar System by 415.1% during the first quarter. Quantbot Technologies LP now owns 5,223 shares of the transportation company’s stock worth $1,007,000 after purchasing an additional 4,209 shares during the period. Van ECK Associates Corp increased its holdings in Landstar System by 36.5% in the first quarter. Van ECK Associates Corp now owns 16,177 shares of the transportation company’s stock valued at $3,118,000 after purchasing an additional 4,327 shares during the last quarter. Sei Investments Co. lifted its stake in Landstar System by 17.9% in the first quarter. Sei Investments Co. now owns 72,248 shares of the transportation company’s stock valued at $13,926,000 after buying an additional 10,978 shares during the period. Finally, Tidal Investments LLC boosted its holdings in Landstar System by 125.4% during the first quarter. Tidal Investments LLC now owns 12,796 shares of the transportation company’s stock worth $2,467,000 after buying an additional 7,118 shares during the last quarter. 97.95% of the stock is owned by institutional investors.

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.