Landstar System, Inc. (NASDAQ:LSTR) Receives Consensus Recommendation of “Hold” from Analysts

Landstar System, Inc. (NASDAQ:LSTRGet Free Report) has received an average rating of “Hold” from the seventeen research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $196.00.

LSTR has been the subject of a number of analyst reports. Stifel Nicolaus boosted their target price on shares of Landstar System from $186.00 to $197.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. UBS Group reaffirmed a “neutral” rating and set a $195.00 price target on shares of Landstar System in a report on Wednesday, July 29th. Susquehanna increased their price objective on Landstar System from $195.00 to $230.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. JPMorgan Chase & Co. raised their target price on Landstar System from $198.00 to $204.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Finally, Zacks Research upgraded Landstar System from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd.

Check Out Our Latest Stock Analysis on Landstar System

Insider Activity

In related news, CFO James Todd sold 1,200 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $218.17, for a total value of $261,804.00. Following the completion of the sale, the chief financial officer directly owned 15,122 shares of the company’s stock, valued at $3,299,166.74. The trade was a 7.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.74% of the company’s stock.

Institutional Trading of Landstar System

Hedge funds and other institutional investors have recently made changes to their positions in the company. Elevation Wealth Partners LLC grew its stake in Landstar System by 41.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 224 shares of the transportation company’s stock worth $46,000 after buying an additional 66 shares during the last quarter. First Citizens Bank & Trust Co. boosted its holdings in shares of Landstar System by 1.5% in the first quarter. First Citizens Bank & Trust Co. now owns 4,710 shares of the transportation company’s stock valued at $755,000 after acquiring an additional 68 shares during the period. Petros Family Wealth LLC boosted its holdings in shares of Landstar System by 4.9% in the first quarter. Petros Family Wealth LLC now owns 1,548 shares of the transportation company’s stock valued at $248,000 after acquiring an additional 73 shares during the period. CIBC Private Wealth Group LLC grew its position in shares of Landstar System by 29.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 342 shares of the transportation company’s stock worth $49,000 after acquiring an additional 78 shares during the last quarter. Finally, SkyView Investment Advisors LLC increased its holdings in shares of Landstar System by 1.4% in the 4th quarter. SkyView Investment Advisors LLC now owns 6,388 shares of the transportation company’s stock valued at $918,000 after acquiring an additional 89 shares during the period. Institutional investors and hedge funds own 97.95% of the company’s stock.

Landstar System Price Performance

LSTR stock opened at $174.33 on Friday. The business’s 50-day moving average is $192.69 and its two-hundred day moving average is $182.76. The firm has a market capitalization of $5.92 billion, a P/E ratio of 45.16 and a beta of 0.90. Landstar System has a 1 year low of $119.32 and a 1 year high of $228.46. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.82 and a quick ratio of 1.82.

Landstar System (NASDAQ:LSTRGet Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The transportation company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.05). Landstar System had a return on equity of 20.84% and a net margin of 2.64%.The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the firm earned $1.20 EPS. The company’s revenue was up 18.2% on a year-over-year basis. Analysts anticipate that Landstar System will post 5.84 earnings per share for the current fiscal year.

Landstar System Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Tuesday, August 18th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This is an increase from Landstar System’s previous quarterly dividend of $0.40. This represents a $1.76 dividend on an annualized basis and a yield of 1.0%. Landstar System’s dividend payout ratio is 45.60%.

About Landstar System

(Get Free Report)

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.

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Analyst Recommendations for Landstar System (NASDAQ:LSTR)

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