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

Landstar System, Inc. (NASDAQ:LSTR) has been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $134.60.

Several research analysts recently weighed in on the stock. Barclays dropped their target price on shares of Landstar System from $135.00 to $130.00 and set an “equal weight” rating for the company in a report on Thursday. Evercore ISI dropped their target price on shares of Landstar System from $132.00 to $125.00 and set an “in-line” rating for the company in a report on Tuesday, September 30th. Stifel Nicolaus decreased their price target on shares of Landstar System from $130.00 to $127.00 and set a “hold” rating on the stock in a research note on Wednesday. Truist Financial decreased their price target on shares of Landstar System from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Landstar System from $138.00 to $134.00 and set a “neutral” rating on the stock in a research note on Wednesday.

Landstar System Trading Up 2.5%

Shares of Landstar System stock opened at $128.43 on Friday. The company has a market capitalization of $4.45 billion, a P/E ratio of 32.76 and a beta of 0.82. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.00 and a current ratio of 2.01. The company has a fifty day moving average of $128.10 and a 200 day moving average of $134.14. Landstar System has a fifty-two week low of $119.32 and a fifty-two week high of $196.86.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Tuesday, October 28th. The transportation company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.02). The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. Landstar System had a return on equity of 17.24% and a net margin of 2.87%.The company’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the company posted $1.41 EPS. On average, sell-side analysts anticipate that Landstar System will post 6.1 earnings per share for the current fiscal year.

Landstar System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Tuesday, November 18th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, November 18th. This represents a $1.60 annualized dividend and a yield of 1.2%. Landstar System’s payout ratio is presently 40.82%.

Institutional Trading of Landstar System

Several hedge funds have recently bought and sold shares of LSTR. MAI Capital Management lifted its stake in Landstar System by 79.3% in the 2nd quarter. MAI Capital Management now owns 242 shares of the transportation company’s stock worth $34,000 after purchasing an additional 107 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Landstar System by 132.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock worth $37,000 after purchasing an additional 142 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Landstar System by 118.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 280 shares of the transportation company’s stock worth $39,000 after purchasing an additional 152 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in Landstar System by 7,650.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 310 shares of the transportation company’s stock worth $43,000 after purchasing an additional 306 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Landstar System by 126.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 315 shares of the transportation company’s stock worth $44,000 after purchasing an additional 176 shares in 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.