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

Shares of Landstar System, Inc. (NASDAQ:LSTR) have received an average rating of “Reduce” from the thirteen research firms that are currently covering the stock, 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 1 year target price among brokerages that have updated their coverage on the stock in the last year is $174.25.

Several research firms have issued reports on LSTR. 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 price objective 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. JPMorgan Chase & Co. upped their target price on Landstar System from $184.00 to $188.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group reduced their price target on 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, Susquehanna lowered 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 report on Friday, November 1st.

Insider Buying and Selling at Landstar System

In related news, CFO James P. Todd sold 1,000 shares of the firm’s 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 transaction, the chief financial officer now directly owns 14,083 shares in the company, valued at $2,595,778.56. This trade represents a 6.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

Institutional Trading of Landstar System

A number of institutional investors and hedge funds have recently modified their holdings of LSTR. Massmutual Trust Co. FSB ADV raised its stake in Landstar System by 108.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock worth $26,000 after acquiring an additional 74 shares during the period. Quest Partners LLC bought a new position in Landstar System in the 2nd quarter worth about $73,000. Mather Group LLC. raised its stake in Landstar System by 183.5% during the 2nd quarter. Mather Group LLC. now owns 394 shares of the transportation company’s stock valued at $76,000 after acquiring an additional 255 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in Landstar System by 431.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock worth $83,000 after acquiring an additional 358 shares during the period. Finally, GAMMA Investing LLC grew its position in Landstar System by 58.1% in the 2nd quarter. GAMMA Investing LLC now owns 498 shares of the transportation company’s stock valued at $92,000 after buying an additional 183 shares in the last quarter. 97.95% of the stock is owned by institutional investors and hedge funds.

Landstar System Stock Down 0.6 %

Shares of NASDAQ LSTR opened at $179.38 on Friday. The stock has a market capitalization of $6.34 billion, a PE ratio of 30.77 and a beta of 0.81. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average of $183.98 and a 200-day moving average of $183.56. Landstar System has a 52-week low of $165.39 and a 52-week high of $201.40.

Landstar System (NASDAQ:LSTR) last released 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 return on equity of 20.68% and a net margin of 4.32%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the business earned $1.71 earnings per share. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. On average, analysts anticipate that Landstar System will post 5.57 EPS for the current year.

Landstar System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be given a dividend of $0.36 per share. The ex-dividend date is Tuesday, November 19th. This represents a $1.44 annualized dividend and a dividend yield of 0.80%. Landstar System’s payout ratio is 24.70%.

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.