Landstar System, Inc. (NASDAQ:LSTR) Receives $174.25 Average PT from Brokerages

Shares of Landstar System, Inc. (NASDAQ:LSTR) have been assigned a consensus recommendation of “Reduce” from the thirteen research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and twelve have issued a hold rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $174.25.

Several research analysts have weighed in on the company. TD Cowen dropped their price target on Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on shares of Landstar System from $184.00 to $188.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group decreased their price target on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. Evercore ISI cut their price objective on Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a research report on Wednesday, October 30th. Finally, Raymond James cut Landstar System from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th.

Landstar System Price Performance

NASDAQ LSTR opened at $179.41 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.04. Landstar System has a 12 month low of $165.39 and a 12 month high of $201.40. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 30.77 and a beta of 0.82. The company’s 50 day moving average is $184.62 and its two-hundred day moving average is $184.05.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.04). The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.22 billion. Landstar System had a return on equity of 20.68% and a net margin of 4.32%. The company’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.71 EPS. As a group, research analysts anticipate that Landstar System will post 5.57 earnings per share for the current year.

Landstar System Increases Dividend

The company also recently announced a special dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, January 7th. This is an increase from Landstar System’s previous special dividend of $1.50. Landstar System’s dividend payout ratio is currently 24.70%.

Insider Transactions at Landstar System

In other news, CFO James P. Todd sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $184.32, for a total value of $184,320.00. Following the sale, the chief financial officer now directly owns 14,083 shares in the company, valued at approximately $2,595,778.56. This represents a 6.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Landstar System

Several hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. boosted its stake in shares of Landstar System by 6.2% during the second quarter. Victory Capital Management Inc. now owns 1,697,093 shares of the transportation company’s stock valued at $313,080,000 after purchasing an additional 99,461 shares during the period. State Street Corp grew its stake in Landstar System by 1.4% in the 3rd quarter. State Street Corp now owns 1,117,857 shares of the transportation company’s stock worth $211,130,000 after acquiring an additional 15,328 shares in the last quarter. Geode Capital Management LLC grew its stake in Landstar System by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 813,546 shares of the transportation company’s stock worth $153,685,000 after acquiring an additional 39,223 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Landstar System by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 594,895 shares of the transportation company’s stock worth $109,743,000 after acquiring an additional 37,020 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Landstar System by 10.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 429,928 shares of the transportation company’s stock valued at $81,201,000 after acquiring an additional 41,758 shares in the last quarter. 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.