Landstar System, Inc. (NASDAQ:LSTR) Given Average Rating of “Reduce” by Brokerages

Landstar System, Inc. (NASDAQ:LSTR) has earned a consensus rating of “Reduce” from the fourteen ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and thirteen have issued a hold rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $156.92.

Several analysts recently weighed in on LSTR shares. Truist Financial cut their price objective on shares of Landstar System from $160.00 to $150.00 and set a “hold” rating on the stock in a research report on Thursday, April 3rd. JPMorgan Chase & Co. dropped their price target on shares of Landstar System from $177.00 to $147.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. TD Cowen reduced their price objective on Landstar System from $161.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, April 3rd. Jefferies Financial Group decreased their price objective on Landstar System from $170.00 to $150.00 and set a “hold” rating for the company in a report on Friday. Finally, Susquehanna cut their target price on Landstar System from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th.

Institutional Investors Weigh In On Landstar System

Hedge funds and other institutional investors have recently bought and sold shares of the business. Golden State Wealth Management LLC acquired a new position in shares of Landstar System in the 4th quarter worth approximately $25,000. HM Payson & Co. acquired a new stake in Landstar System during the fourth quarter valued at approximately $26,000. Colonial Trust Co SC boosted its holdings in Landstar System by 61.7% during the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company’s stock worth $32,000 after buying an additional 71 shares in the last quarter. Trust Co. of Vermont acquired a new position in Landstar System in the fourth quarter worth approximately $34,000. Finally, BOKF NA increased its holdings in shares of Landstar System by 56.1% in the fourth quarter. BOKF NA now owns 348 shares of the transportation company’s stock valued at $58,000 after buying an additional 125 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors.

Landstar System Stock Up 0.9 %

NASDAQ:LSTR opened at $141.32 on Tuesday. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. The stock has a 50 day moving average of $151.52 and a 200-day moving average of $169.76. The firm has a market capitalization of $4.94 billion, a PE ratio of 25.60 and a beta of 0.88. Landstar System has a 52 week low of $128.99 and a 52 week high of $196.86.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. Analysts predict that Landstar System will post 6.1 EPS for the current year.

Landstar System Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a dividend of $0.36 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.44 annualized dividend and a yield of 1.02%. Landstar System’s dividend payout ratio is currently 26.09%.

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.