Landstar System, Inc. (NASDAQ:LSTR) Given Average Recommendation of “Hold” by Analysts

Shares of Landstar System, Inc. (NASDAQ:LSTR) have earned an average recommendation of “Hold” from the fifteen brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $134.60.

Several research firms recently issued reports on LSTR. Wall Street Zen raised Landstar System from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. UBS Group cut their target price on Landstar System from $149.00 to $147.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Susquehanna cut their target price on Landstar System from $121.00 to $110.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. TD Cowen lowered their price objective on shares of Landstar System from $135.00 to $127.00 and set a “hold” rating for the company in a report on Wednesday, October 29th. Finally, Truist Financial lowered their price objective on shares of Landstar System from $135.00 to $130.00 and set a “hold” rating for the company in a report on Wednesday, October 29th.

Institutional Trading of Landstar System

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. lifted its holdings in Landstar System by 69.8% in the third quarter. Alps Advisors Inc. now owns 94,863 shares of the transportation company’s stock worth $11,626,000 after buying an additional 38,992 shares during the period. Hantz Financial Services Inc. lifted its holdings in Landstar System by 132.9% in the third quarter. Hantz Financial Services Inc. now owns 722 shares of the transportation company’s stock worth $88,000 after buying an additional 412 shares during the period. Ashton Thomas Private Wealth LLC lifted its holdings in Landstar System by 12.1% in the third quarter. Ashton Thomas Private Wealth LLC now owns 4,235 shares of the transportation company’s stock worth $519,000 after buying an additional 457 shares during the period. Peterson Wealth Services lifted its holdings in shares of Landstar System by 1,108.4% during the third quarter. Peterson Wealth Services now owns 10,960 shares of the transportation company’s stock valued at $1,343,000 after purchasing an additional 10,053 shares during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Landstar System during the third quarter valued at approximately $198,000. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Landstar System Stock Up 0.0%

NASDAQ LSTR opened at $128.00 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 2.00. The stock has a market capitalization of $4.40 billion, a PE ratio of 32.65 and a beta of 0.83. Landstar System has a 1 year low of $119.32 and a 1 year high of $196.86. The business’s 50-day moving average is $127.76 and its 200 day moving average is $133.92.

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

Landstar System Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Tuesday, November 18th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, November 18th. This represents a $1.60 annualized dividend and a yield of 1.3%. Landstar System’s dividend payout ratio (DPR) is 40.82%.

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.