Landstar System (NASDAQ:LSTR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Landstar System (NASDAQ:LSTR) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

A number of other research firms have also commented on LSTR. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Landstar System in a report on Monday, December 22nd. Truist Financial dropped their price objective on Landstar System from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Wednesday, October 29th. Stifel Nicolaus raised their target price on Landstar System from $127.00 to $140.00 and gave the stock a “hold” rating in a research note on Tuesday, December 16th. JPMorgan Chase & Co. reduced their target price on Landstar System from $138.00 to $134.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Finally, Morgan Stanley increased their price target on shares of Landstar System from $133.00 to $135.00 and gave the stock an “equal weight” rating in a report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Landstar System currently has a consensus rating of “Hold” and an average price target of $136.58.

Landstar System Stock Up 0.2%

Shares of NASDAQ LSTR opened at $146.28 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 2.01. The stock has a market capitalization of $5.02 billion, a PE ratio of 37.32 and a beta of 0.85. Landstar System has a one year low of $119.32 and a one year high of $179.74. The business’s fifty day moving average price is $133.46 and its 200-day moving average price is $132.93.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.02). The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Landstar System had a return on equity of 17.24% and a net margin of 2.87%.The company’s revenue was down .7% compared to the same quarter last year. During the same period last year, the business posted $1.41 EPS. On average, equities research analysts anticipate that Landstar System will post 6.1 EPS for the current year.

Landstar System Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Wednesday, January 21st. Investors of record on Tuesday, January 6th will be paid a $2.00 dividend. This represents a yield of 142.0%. The ex-dividend date of this dividend is Tuesday, January 6th. Landstar System’s dividend payout ratio (DPR) is currently 40.82%.

Hedge Funds Weigh In On Landstar System

A number of institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Landstar System by 16.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,609 shares of the transportation company’s stock worth $527,000 after buying an additional 510 shares during the period. Harbor Capital Advisors Inc. lifted its position in shares of Landstar System by 41.2% during the second quarter. Harbor Capital Advisors Inc. now owns 45,346 shares of the transportation company’s stock worth $6,304,000 after purchasing an additional 13,229 shares during the last quarter. Advantage Alpha Capital Partners LP bought a new stake in shares of Landstar System during the second quarter worth $2,339,000. Perigon Wealth Management LLC purchased a new stake in shares of Landstar System during the second quarter valued at $357,000. Finally, Public Employees Retirement System of Ohio increased its stake in Landstar System by 8.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 37,232 shares of the transportation company’s stock worth $5,176,000 after buying an additional 2,758 shares during the period. Institutional investors own 97.95% of the company’s stock.

Landstar System Company Profile

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.