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

Shares of Landstar System, Inc. (NASDAQ:LSTR) have earned an average rating of “Reduce” from the twelve brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating and eleven have issued a hold rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $170.40.

A number of equities analysts have recently weighed in on the stock. 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 note on Thursday, January 23rd. Benchmark restated a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. Raymond James lowered Landstar System from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. dropped their price objective on Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th.

Landstar System Price Performance

Shares of LSTR opened at $158.80 on Monday. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. The stock’s 50 day moving average is $167.56 and its two-hundred day moving average is $178.13. Landstar System has a twelve month low of $152.73 and a twelve month high of $196.86. The firm has a market capitalization of $5.61 billion, a PE ratio of 28.77 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. Research analysts anticipate that Landstar System will post 6.1 earnings per share for the current year.

Landstar System Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Tuesday, February 18th. Landstar System’s payout ratio is currently 26.09%.

Hedge Funds Weigh In On Landstar System

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

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.