Brokerages Set Landstar System, Inc. (NASDAQ:LSTR) Price Target at $149.25

Landstar System, Inc. (NASDAQ:LSTR) has been assigned an average recommendation of “Hold” from the seventeen research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $153.00.

A number of research firms have issued reports on LSTR. Susquehanna lifted their target price on Landstar System from $110.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Stifel Nicolaus upped their price objective on shares of Landstar System from $140.00 to $147.00 and gave the stock a “hold” rating in a research report on Wednesday. Zacks Research raised shares of Landstar System from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Robert W. Baird set a $159.00 target price on shares of Landstar System in a research note on Wednesday, January 7th. Finally, Cowen reiterated a “hold” rating on shares of Landstar System in a research note on Friday, January 9th.

Landstar System Stock Performance

Shares of NASDAQ:LSTR opened at $153.55 on Thursday. Landstar System has a 1 year low of $119.32 and a 1 year high of $179.66. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 39.17 and a beta of 0.84. 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 company’s 50 day simple moving average is $139.49 and its 200 day simple moving average is $134.14.

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

Landstar System Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Tuesday, January 6th will be issued a $2.00 dividend. This represents a yield of 134.0%. The ex-dividend date of this dividend is Tuesday, January 6th. Landstar System’s dividend payout ratio is presently 40.82%.

Institutional Trading of Landstar System

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Boston Partners raised its holdings in Landstar System by 24.1% in the 3rd quarter. Boston Partners now owns 1,761,526 shares of the transportation company’s stock valued at $216,242,000 after buying an additional 341,808 shares during the last quarter. First Trust Advisors LP increased its position in Landstar System by 31.8% in the 3rd quarter. First Trust Advisors LP now owns 964,297 shares of the transportation company’s stock valued at $118,184,000 after acquiring an additional 232,682 shares during the period. JPMorgan Chase & Co. increased its position in Landstar System by 2.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 746,506 shares of the transportation company’s stock valued at $91,492,000 after acquiring an additional 21,163 shares during the period. Northern Trust Corp raised its stake in shares of Landstar System by 4.3% during the third quarter. Northern Trust Corp now owns 646,691 shares of the transportation company’s stock valued at $79,258,000 after acquiring an additional 26,905 shares during the last quarter. Finally, Reinhart Partners LLC. lifted its holdings in shares of Landstar System by 36.4% during the third quarter. Reinhart Partners LLC. now owns 581,293 shares of the transportation company’s stock worth $71,245,000 after purchasing an additional 155,260 shares during the period. 97.95% of the stock is currently owned by institutional investors.

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.