Landstar System, Inc. (NASDAQ:LSTR) Receives $174.25 Consensus Target Price from Analysts

Shares of Landstar System, Inc. (NASDAQ:LSTR) have been assigned a consensus recommendation of “Reduce” from the thirteen research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and twelve have given a hold rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $174.25.

A number of analysts have recently issued reports on LSTR shares. Evercore ISI lowered their price objective on Landstar System from $165.00 to $160.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 30th. Raymond James downgraded shares of Landstar System from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Stephens cut their target price on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. TD Cowen decreased their price target on Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Finally, Susquehanna lowered their target price on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, November 1st.

Landstar System Price Performance

Shares of NASDAQ:LSTR opened at $185.27 on Wednesday. The business has a fifty day simple moving average of $184.44 and a 200 day simple moving average of $183.87. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.04. Landstar System has a 1 year low of $165.39 and a 1 year high of $201.40. The firm has a market cap of $6.55 billion, a price-to-earnings ratio of 31.78 and a beta of 0.82.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Tuesday, October 29th. The transportation company reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the company posted $1.71 EPS. The business’s revenue was down 5.8% on a year-over-year basis. As a group, sell-side analysts predict that Landstar System will post 5.57 earnings per share for the current fiscal year.

Landstar System Increases Dividend

The company also recently disclosed a special dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be issued a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, January 7th. This is a positive change from Landstar System’s previous special dividend of $1.50. Landstar System’s dividend payout ratio (DPR) is 24.70%.

Insider Transactions at Landstar System

In other news, CFO James P. Todd sold 1,000 shares of the firm’s stock in a transaction on 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 owns 14,083 shares in the company, valued at approximately $2,595,778.56. This trade represents a 6.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Landstar System

Institutional investors and hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. boosted its stake in shares of Landstar System by 6.2% during the 2nd quarter. Victory Capital Management Inc. now owns 1,697,093 shares of the transportation company’s stock valued at $313,080,000 after purchasing an additional 99,461 shares in the last quarter. State Street Corp lifted its holdings in shares of Landstar System by 1.4% during the third quarter. State Street Corp now owns 1,117,857 shares of the transportation company’s stock valued at $211,130,000 after purchasing an additional 15,328 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Landstar System by 5.1% in the third quarter. Geode Capital Management LLC now owns 813,546 shares of the transportation company’s stock worth $153,685,000 after acquiring an additional 39,223 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Landstar System by 6.6% in the second quarter. Dimensional Fund Advisors LP now owns 594,895 shares of the transportation company’s stock worth $109,743,000 after acquiring an additional 37,020 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in Landstar System by 10.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 429,928 shares of the transportation company’s stock worth $81,201,000 after buying an additional 41,758 shares during the last quarter. Institutional investors 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.