Brokerages Set Landstar System, Inc. (NASDAQ:LSTR) Target Price at $169.45

Landstar System, Inc. (NASDAQ:LSTR) has been assigned a consensus recommendation of “Reduce” from the thirteen analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating and twelve have issued a hold rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $169.45.

Several research analysts have issued reports on LSTR shares. JPMorgan Chase & Co. lowered their price target on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Benchmark restated a “hold” rating on shares of Landstar System in a report on Friday, January 31st. Stifel Nicolaus raised their price target on shares of Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Finally, Truist Financial began coverage on shares of Landstar System in a research note on Thursday, March 13th. They issued a “hold” rating and a $160.00 price objective for the company.

Landstar System Stock Up 1.7 %

NASDAQ:LSTR opened at $149.08 on Friday. The firm’s 50 day simple moving average is $161.88 and its 200 day simple moving average is $174.70. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. Landstar System has a one year low of $144.13 and a one year high of $196.86. The company has a market cap of $5.26 billion, a PE ratio of 27.01 and a beta of 0.82.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (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, research analysts anticipate that Landstar System will post 6.1 earnings per share for the current year.

Landstar System Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.97%. The ex-dividend date was Tuesday, February 18th. Landstar System’s payout ratio is currently 26.09%.

Institutional Trading of Landstar System

Several hedge funds have recently bought and sold shares of LSTR. GSA Capital Partners LLP acquired a new stake in Landstar System in the 3rd quarter valued at $453,000. KBC Group NV grew its position in Landstar System by 14.8% in the 3rd quarter. KBC Group NV now owns 1,006 shares of the transportation company’s stock valued at $190,000 after purchasing an additional 130 shares during the period. Caprock Group LLC grew its position in Landstar System by 2.3% in the 3rd quarter. Caprock Group LLC now owns 3,378 shares of the transportation company’s stock valued at $638,000 after purchasing an additional 77 shares during the period. Segall Bryant & Hamill LLC grew its position in Landstar System by 12.2% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 37,419 shares of the transportation company’s stock valued at $7,067,000 after purchasing an additional 4,079 shares during the period. Finally, Commerce Bank boosted its holdings in Landstar System by 0.5% during the 3rd quarter. Commerce Bank now owns 20,750 shares of the transportation company’s stock worth $3,919,000 after acquiring an additional 95 shares during the last quarter. Institutional investors and hedge funds 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.