Landstar System (NASDAQ:LSTR) had its price objective raised by Deutsche Bank Aktiengesellschaft from $100.00 to $120.00 in a research note issued to investors on Monday morning, The Fly reports. They currently have a hold rating on the transportation company’s stock.
LSTR has been the topic of several other research reports. Oppenheimer reaffirmed a hold rating on shares of Landstar System in a research report on Wednesday, July 22nd. Zacks Investment Research lowered shares of Landstar System from a strong-buy rating to a hold rating and set a $133.00 price target on the stock. in a research report on Wednesday, September 23rd. Cowen reaffirmed a hold rating on shares of Landstar System in a research report on Friday, September 25th. Morgan Stanley lifted their price target on shares of Landstar System from $70.00 to $73.00 and gave the company an underweight rating in a research report on Monday, October 5th. Finally, The Goldman Sachs Group raised shares of Landstar System from a sell rating to a neutral rating and lifted their price target for the company from $103.00 to $120.00 in a research report on Tuesday, August 4th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $124.00.
Shares of Landstar System stock opened at $125.22 on Monday. The stock has a market cap of $4.81 billion, a P/E ratio of 29.19, a P/E/G ratio of 2.20 and a beta of 1.00. The stock’s 50 day simple moving average is $129.13 and its 200-day simple moving average is $119.05. Landstar System has a 1-year low of $85.30 and a 1-year high of $139.99. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.77 and a quick ratio of 1.77.
Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, October 21st. The transportation company reported $1.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.18. Landstar System had a return on equity of 26.42% and a net margin of 4.48%. As a group, research analysts expect that Landstar System will post 4.81 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Tuesday, November 10th will be paid a $0.21 dividend. The ex-dividend date is Monday, November 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.67%. Landstar System’s dividend payout ratio (DPR) is 14.69%.
In other Landstar System news, CFO L Kevin Stout sold 10,000 shares of the business’s stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $129.92, for a total value of $1,299,200.00. Following the completion of the transaction, the chief financial officer now owns 28,861 shares in the company, valued at $3,749,621.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Larry J. Thoele sold 3,000 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $125.94, for a total transaction of $377,820.00. Following the completion of the transaction, the director now owns 11,672 shares of the company’s stock, valued at approximately $1,469,971.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,100 shares of company stock valued at $5,980,751. Insiders own 1.00% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale grew its stake in shares of Landstar System by 310.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,449 shares of the transportation company’s stock worth $308,000 after purchasing an additional 1,853 shares in the last quarter. Thoroughbred Financial Services LLC acquired a new position in shares of Landstar System during the third quarter worth $238,000. M&G Investment Management Ltd. acquired a new position in shares of Landstar System during the third quarter worth $536,000. Xponance Inc. grew its stake in shares of Landstar System by 10.4% during the third quarter. Xponance Inc. now owns 7,293 shares of the transportation company’s stock worth $915,000 after purchasing an additional 690 shares in the last quarter. Finally, Ellevest Inc. grew its stake in shares of Landstar System by 16.6% during the third quarter. Ellevest Inc. now owns 998 shares of the transportation company’s stock worth $125,000 after purchasing an additional 142 shares in the last quarter.
Landstar System Company Profile
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 and less-than-truckload service providers.
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