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

Landstar System, Inc. (NASDAQ:LSTR) has been assigned an average recommendation of “Reduce” from the thirteen ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and twelve have given a hold recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $174.25.

LSTR has been the topic of several recent research reports. Susquehanna dropped their target price on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. UBS Group boosted their price objective on shares of Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. TD Cowen cut their target price on Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Raymond James downgraded shares of Landstar System from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Finally, Stephens lowered their price target on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th.

Insider Activity

In other Landstar System news, CFO James P. Todd sold 1,000 shares of Landstar System stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total value of $184,320.00. Following the completion of the transaction, the chief financial officer now owns 14,083 shares of the company’s stock, valued at approximately $2,595,778.56. The trade was a 6.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Landstar System

Hedge funds have recently modified their holdings of the company. Quest Partners LLC acquired a new position in Landstar System in the 2nd quarter worth about $73,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in Landstar System by 431.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock valued at $83,000 after purchasing an additional 358 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Landstar System by 14.1% during the third quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock valued at $107,000 after purchasing an additional 70 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Landstar System in the second quarter valued at about $106,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Landstar System during the second quarter worth about $131,000. 97.95% of the stock is owned by hedge funds and other institutional investors.

Landstar System Stock Down 0.7 %

NASDAQ:LSTR opened at $168.67 on Friday. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 28.93 and a beta of 0.83. Landstar System has a twelve month low of $165.39 and a twelve month high of $200.43. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.04. The stock has a fifty day simple moving average of $181.34 and a 200-day simple moving average of $183.26.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Tuesday, October 29th. The transportation company reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.22 billion. Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.71 EPS. Analysts anticipate that Landstar System will post 5.57 EPS for the current year.

Landstar System Increases Dividend

The business also recently declared a special dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be given a dividend of $2.00 per share. This is an increase from Landstar System’s previous special dividend of $1.50. The ex-dividend date is Tuesday, January 7th. Landstar System’s dividend payout ratio (DPR) is currently 24.70%.

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.