Landstar System (NASDAQ:LSTR) Now Covered by Barclays

Barclays initiated coverage on shares of Landstar System (NASDAQ:LSTR) in a research report sent to investors on Monday, MarketBeat Ratings reports. The brokerage issued an equal weight rating and a $145.00 price target on the transportation company’s stock.

Other equities analysts also recently issued reports about the company. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research report on Monday, April 14th. JPMorgan Chase & Co. lowered their price objective on shares of Landstar System from $177.00 to $147.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. TD Cowen cut their target price on shares of Landstar System from $161.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, April 3rd. UBS Group set a $154.00 target price on shares of Landstar System in a report on Wednesday, May 14th. Finally, Susquehanna dropped their price target on shares of Landstar System from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company’s stock. According to MarketBeat.com, Landstar System currently has a consensus rating of “Hold” and an average price target of $150.00.

Landstar System Price Performance

Landstar System stock opened at $140.22 on Monday. The company’s 50 day simple moving average is $137.98 and its 200-day simple moving average is $156.94. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 25.40 and a beta of 0.88. Landstar System has a 1 year low of $128.99 and a 1 year high of $196.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Tuesday, May 13th. The transportation company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.07). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the business posted $1.32 EPS. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, equities research analysts expect that Landstar System will post 6.1 earnings per share for the current year.

Landstar System Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. This is an increase from Landstar System’s previous quarterly dividend of $0.36. The ex-dividend date is Thursday, June 5th. Landstar System’s payout ratio is 31.68%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LSTR. Golden State Wealth Management LLC purchased a new position in Landstar System in the fourth quarter valued at approximately $25,000. Apollon Wealth Management LLC grew its position in shares of Landstar System by 21.1% in the 4th quarter. Apollon Wealth Management LLC now owns 3,600 shares of the transportation company’s stock valued at $619,000 after buying an additional 628 shares during the last quarter. Empowered Funds LLC grew its position in shares of Landstar System by 44.9% in the 4th quarter. Empowered Funds LLC now owns 3,389 shares of the transportation company’s stock valued at $582,000 after buying an additional 1,050 shares during the last quarter. Portfolio Design Labs LLC raised its stake in Landstar System by 41.7% during the 4th quarter. Portfolio Design Labs LLC now owns 10,361 shares of the transportation company’s stock worth $1,781,000 after acquiring an additional 3,048 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in Landstar System by 26.6% in the fourth quarter. Van ECK Associates Corp now owns 31,836 shares of the transportation company’s stock valued at $5,471,000 after acquiring an additional 6,680 shares during the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.

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.