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

Landstar System, Inc. (NASDAQ:LSTR) has earned an average recommendation of “Reduce” from the thirteen ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and twelve have given a hold rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $169.45.

LSTR has been the subject of a number of recent research reports. Truist Financial assumed coverage on shares of Landstar System in a research report on Thursday, March 13th. They set a “hold” rating and a $160.00 price objective for the company. Benchmark reissued a “hold” rating on shares of Landstar System in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their price objective on Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Finally, Stifel Nicolaus upped their price target on shares of Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd.

Landstar System Stock Down 0.5 %

Landstar System stock opened at $149.28 on Friday. Landstar System has a one year low of $144.13 and a one year high of $196.86. The stock has a fifty day moving average of $161.07 and a 200 day moving average of $174.26. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96. The stock has a market cap of $5.27 billion, a PE ratio of 27.04 and a beta of 0.82.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. As a group, sell-side analysts predict that Landstar System will post 6.1 EPS for the current year.

Landstar System Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.36 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.44 annualized dividend and a dividend yield of 0.96%. Landstar System’s dividend payout ratio (DPR) is 26.09%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LSTR. Golden State Wealth Management LLC bought a new position in Landstar System during the fourth quarter valued at $25,000. HM Payson & Co. bought a new position in shares of Landstar System in the 4th quarter valued at about $26,000. Colonial Trust Co SC grew its position in Landstar System by 61.7% in the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company’s stock worth $32,000 after acquiring an additional 71 shares in the last quarter. Trust Co. of Vermont bought a new stake in Landstar System during the fourth quarter worth approximately $34,000. Finally, BOKF NA raised its position in Landstar System by 56.1% during the fourth quarter. BOKF NA now owns 348 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 125 shares during the period. 97.95% of the stock is owned by hedge funds and other institutional investors.

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.