Landstar System (NASDAQ:LSTR) Lowered to “Hold” at StockNews.com

StockNews.com lowered shares of Landstar System (NASDAQ:LSTRGet Rating) from a buy rating to a hold rating in a research report sent to investors on Thursday.

LSTR has been the topic of several other research reports. The Goldman Sachs Group dropped their price target on Landstar System from $167.00 to $155.00 in a research note on Thursday, January 27th. Morgan Stanley dropped their price target on Landstar System from $128.00 to $120.00 and set an underweight rating on the stock in a research note on Monday, January 31st. Wells Fargo & Company dropped their price target on Landstar System from $165.00 to $152.00 and set an equal weight rating on the stock in a research note on Thursday, April 7th. Robert W. Baird dropped their price target on Landstar System from $170.00 to $160.00 in a research note on Wednesday, April 6th. Finally, Wolfe Research upgraded Landstar System from an underperform rating to a peer perform rating in a research note on Tuesday, April 5th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $165.77.

Shares of LSTR stock opened at $144.71 on Thursday. Landstar System has a 1-year low of $139.12 and a 1-year high of $188.63. The stock’s fifty day moving average price is $152.70 and its 200 day moving average price is $163.70. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.51 and a quick ratio of 1.51. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 1.13 and a beta of 1.04.

Landstar System (NASDAQ:LSTRGet Rating) last announced its earnings results on Wednesday, January 26th. The transportation company reported $2.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.85 by $0.14. Landstar System had a return on equity of 45.49% and a net margin of 5.84%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the business earned $2.01 EPS. The firm’s revenue for the quarter was up 50.0% on a year-over-year basis. As a group, equities research analysts anticipate that Landstar System will post 10.74 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 11th. Investors of record on Monday, February 14th were issued a $0.25 dividend. The ex-dividend date was Friday, February 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.69%. Landstar System’s payout ratio is 10.02%.

In other Landstar System news, Director Dr. Homaira Akbari purchased 2,000 shares of Landstar System stock in a transaction that occurred on Thursday, February 24th. The stock was bought at an average price of $151.30 per share, with a total value of $302,600.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LSTR. Morgan Stanley raised its holdings in Landstar System by 35.8% in the 2nd quarter. Morgan Stanley now owns 153,214 shares of the transportation company’s stock worth $24,211,000 after purchasing an additional 40,365 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of Landstar System by 2.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 12,517 shares of the transportation company’s stock valued at $2,002,000 after acquiring an additional 265 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of Landstar System by 3.3% during the third quarter. New York State Teachers Retirement System now owns 54,538 shares of the transportation company’s stock valued at $8,607,000 after acquiring an additional 1,724 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of Landstar System by 11.8% during the third quarter. State of New Jersey Common Pension Fund D now owns 20,321 shares of the transportation company’s stock valued at $3,207,000 after acquiring an additional 2,143 shares during the last quarter. Finally, Aptus Capital Advisors LLC acquired a new position in shares of Landstar System during the third quarter valued at approximately $1,434,000. 96.43% of the stock is owned by institutional investors.

About Landstar System (Get Rating)

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. The company 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, small package and less-than-truckload service providers.

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