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

Landstar System, Inc. (NASDAQ:LSTR) has earned a consensus rating of “Hold” from the twelve brokerages that are currently covering the stock, Marketbeat Ratings reports. Eleven research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $179.73.

Several research firms have recently weighed in on LSTR. JPMorgan Chase & Co. upped their target price on shares of Landstar System from $182.00 to $188.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. TD Cowen raised their price objective on shares of Landstar System from $171.00 to $176.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Susquehanna boosted their target price on Landstar System from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Stifel Nicolaus decreased their price target on Landstar System from $164.00 to $160.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. Finally, Benchmark reiterated a “hold” rating on shares of Landstar System in a research report on Wednesday, July 31st.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LSTR. Massmutual Trust Co. FSB ADV lifted its holdings in Landstar System by 108.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock valued at $26,000 after buying an additional 74 shares during the period. Mather Group LLC. acquired a new position in shares of Landstar System in the 1st quarter valued at $27,000. Quest Partners LLC acquired a new position in shares of Landstar System in the 2nd quarter valued at $73,000. Fidelis Capital Partners LLC bought a new position in shares of Landstar System in the 1st quarter worth $86,000. Finally, GAMMA Investing LLC increased its position in shares of Landstar System by 58.1% in the 2nd quarter. GAMMA Investing LLC now owns 498 shares of the transportation company’s stock valued at $92,000 after buying an additional 183 shares in the last quarter. Institutional investors own 97.95% of the company’s stock.

Landstar System Stock Down 1.5 %

Shares of LSTR opened at $186.06 on Friday. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average price of $185.17 and a two-hundred day moving average price of $182.66. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 28.62 and a beta of 0.80. Landstar System has a 12 month low of $161.13 and a 12 month high of $201.40.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Tuesday, July 30th. The transportation company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.46 by $0.02. Landstar System had a return on equity of 21.69% and a net margin of 4.49%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the company earned $1.85 EPS. Landstar System’s revenue was down 10.8% on a year-over-year basis. Equities analysts predict that Landstar System will post 5.87 EPS for the current fiscal year.

Landstar System Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were issued a dividend of $0.36 per share. This is a boost from Landstar System’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a yield of 0.77%. The ex-dividend date was Tuesday, August 20th. Landstar System’s payout ratio is currently 22.15%.

About Landstar System

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.