Analysts Set Landstar System, Inc. (NASDAQ:LSTR) Price Target at $153.00

Shares of Landstar System, Inc. (NASDAQ:LSTR) have received an average rating of “Hold” from the fifteen ratings firms that are currently covering the stock, Marketbeat reports. Thirteen analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $153.00.

LSTR has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of Landstar System from $130.00 to $155.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Benchmark restated a “hold” rating on shares of Landstar System in a report on Thursday, January 29th. Weiss Ratings raised Landstar System from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, February 26th. JPMorgan Chase & Co. increased their target price on Landstar System from $134.00 to $162.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Finally, Robert W. Baird set a $164.00 target price on Landstar System in a report on Friday, January 30th.

Hedge Funds Weigh In On Landstar System

A number of hedge funds have recently bought and sold shares of the business. Los Angeles Capital Management LLC purchased a new stake in shares of Landstar System during the 4th quarter valued at about $25,000. Quarry LP purchased a new position in shares of Landstar System during the third quarter valued at approximately $25,000. Global Retirement Partners LLC lifted its position in Landstar System by 320.0% during the fourth quarter. Global Retirement Partners LLC now owns 189 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 144 shares during the period. MAI Capital Management lifted its position in Landstar System by 79.3% during the second quarter. MAI Capital Management now owns 242 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 107 shares during the period. Finally, UMB Bank n.a. boosted its holdings in Landstar System by 335.8% in the third quarter. UMB Bank n.a. now owns 292 shares of the transportation company’s stock worth $36,000 after purchasing an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Landstar System Stock Performance

Shares of Landstar System stock opened at $151.84 on Friday. Landstar System has a 1 year low of $119.32 and a 1 year high of $166.11. The firm’s 50-day moving average is $153.30 and its 200 day moving average is $138.88. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 45.87 and a beta of 0.82. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75.

Landstar System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 18th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Landstar System’s dividend payout ratio (DPR) is 48.34%.

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.