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

Shares of Landstar System, Inc. (NASDAQ:LSTR) have earned an average recommendation of “Hold” from the fifteen ratings firms that are covering the firm, Marketbeat.com reports. Thirteen research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $153.00.

A number of equities analysts have weighed in on LSTR shares. Barclays raised their target price on shares of Landstar System from $130.00 to $155.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. Wells Fargo & Company upgraded shares of Landstar System from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $145.00 to $170.00 in a research note on Tuesday, January 6th. TD Cowen reaffirmed a “hold” rating on shares of Landstar System in a report on Friday, January 9th. Zacks Research upgraded shares of Landstar System from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Finally, Truist Financial reduced their price target on shares of Landstar System from $150.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, January 29th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Peterson Wealth Services grew its holdings in Landstar System by 1,108.4% during the 3rd quarter. Peterson Wealth Services now owns 10,960 shares of the transportation company’s stock valued at $1,343,000 after buying an additional 10,053 shares in the last quarter. Alps Advisors Inc. lifted its holdings in shares of Landstar System by 69.8% in the third quarter. Alps Advisors Inc. now owns 94,863 shares of the transportation company’s stock worth $11,626,000 after buying an additional 38,992 shares in the last quarter. Ballast Asset Management LP boosted its position in shares of Landstar System by 28.2% during the third quarter. Ballast Asset Management LP now owns 34,579 shares of the transportation company’s stock worth $4,238,000 after acquiring an additional 7,614 shares during the last quarter. Advantage Alpha Capital Partners LP purchased a new position in Landstar System during the second quarter valued at $2,339,000. Finally, Campbell & CO Investment Adviser LLC increased its holdings in Landstar System by 198.3% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 4,749 shares of the transportation company’s stock valued at $660,000 after acquiring an additional 3,157 shares during the last quarter. Institutional investors own 97.95% of the company’s stock.

Landstar System Stock Performance

Shares of LSTR stock opened at $159.52 on Friday. The company’s fifty day moving average price is $152.92 and its 200-day moving average price is $138.34. The stock has a market cap of $5.43 billion, a PE ratio of 48.19 and a beta of 0.82. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. Landstar System has a 12 month low of $119.32 and a 12 month high of $166.11.

Landstar System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 18th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, February 18th. Landstar System’s dividend payout ratio (DPR) is presently 48.34%.

Landstar System Company Profile

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.