Landstar System, Inc. (NASDAQ:LSTR) Receives $174.25 Consensus Price Target from Brokerages

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

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price objective on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a report on Wednesday, October 9th. Stifel Nicolaus decreased their price target on shares of Landstar System from $164.00 to $160.00 and set a “hold” rating for the company in a report on Thursday, August 1st. Susquehanna decreased their price objective on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, November 1st. UBS Group increased their target price on Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased 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.

Landstar System Trading Up 0.2 %

NASDAQ LSTR opened at $183.12 on Friday. The company’s 50 day moving average price is $183.98 and its 200 day moving average price is $183.52. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 31.63 and a beta of 0.81. Landstar System has a one year low of $165.39 and a one year high of $201.40. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.21 and a current ratio of 2.21.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data 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). Landstar System had a return on equity of 20.68% and a net margin of 4.32%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the business earned $1.71 earnings per share. Landstar System’s revenue was down 5.8% on a year-over-year basis. On average, sell-side analysts predict that Landstar System will post 5.57 EPS for the current year.

Landstar System Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Tuesday, November 19th. Landstar System’s payout ratio is presently 24.70%.

Insider Transactions at Landstar System

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

Institutional Trading of Landstar System

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV lifted its stake in shares of Landstar System by 108.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock worth $26,000 after acquiring an additional 74 shares during the period. Quest Partners LLC acquired a new position in shares of Landstar System during the second quarter valued at about $73,000. Mather Group LLC. increased its holdings in Landstar System by 183.5% during the 2nd quarter. Mather Group LLC. now owns 394 shares of the transportation company’s stock worth $76,000 after purchasing an additional 255 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in Landstar System by 431.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock worth $83,000 after buying an additional 358 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Landstar System by 58.1% in the second quarter. GAMMA Investing LLC now owns 498 shares of the transportation company’s stock valued at $92,000 after purchasing an additional 183 shares during 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.