Landstar System, Inc. (NASDAQ:LSTR) Receives $136.58 Average Target Price from Brokerages

Landstar System, Inc. (NASDAQ:LSTR) has been assigned a consensus recommendation of “Hold” from the sixteen ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $136.5833.

LSTR has been the subject of a number of recent analyst reports. Truist Financial reduced their price target on shares of Landstar System from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Wednesday, October 29th. Wall Street Zen raised Landstar System from a “sell” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. decreased their target price on Landstar System from $138.00 to $134.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Landstar System in a report on Monday, December 22nd. Finally, UBS Group cut their price objective on Landstar System from $149.00 to $147.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th.

Landstar System Trading Up 1.0%

Shares of LSTR opened at $146.02 on Friday. Landstar System has a twelve month low of $119.32 and a twelve month high of $179.74. The stock has a market cap of $5.02 billion, a PE ratio of 37.25 and a beta of 0.85. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.05. The business’s 50-day moving average price is $133.20 and its 200-day moving average price is $132.93.

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

Landstar System Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Tuesday, January 6th will be given a dividend of $2.00 per share. The ex-dividend date is Tuesday, January 6th. This represents a yield of 142.0%. Landstar System’s payout ratio is presently 40.82%.

Institutional Trading of Landstar System

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP purchased a new position in Landstar System in the third quarter worth $25,000. MAI Capital Management lifted its stake in Landstar System by 79.3% during the second quarter. MAI Capital Management now owns 242 shares of the transportation company’s stock worth $34,000 after purchasing an additional 107 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Landstar System by 335.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the transportation company’s stock worth $36,000 after purchasing an additional 225 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Landstar System by 132.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 142 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Landstar System by 118.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 280 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 152 shares during the last quarter. Hedge funds and other 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.