Landstar System (NASDAQ:LSTR) Price Target Raised to $185.00 at UBS Group

Landstar System (NASDAQ:LSTR) had its price objective hoisted by UBS Group from $147.00 to $185.00 in a report issued on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the transportation company’s stock.

Several other equities analysts have also weighed in on the stock. TD Cowen raised their price objective on shares of Landstar System from $150.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday. Susquehanna raised their price objective on shares of Landstar System from $185.00 to $195.00 and gave the company a “neutral” rating in a research report on Wednesday. Wells Fargo & Company raised their price objective on shares of Landstar System from $170.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday. Barclays raised their price objective on shares of Landstar System from $130.00 to $155.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Finally, Truist Financial raised their price objective on shares of Landstar System from $145.00 to $190.00 and gave the company a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $178.45.

Landstar System Stock Performance

LSTR stock opened at $184.59 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a market cap of $6.27 billion, a P/E ratio of 55.77 and a beta of 0.80. The firm has a 50 day simple moving average of $161.33 and a 200 day simple moving average of $147.93. Landstar System has a 52 week low of $119.32 and a 52 week high of $195.84.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.11 by $0.05. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Landstar System had a net margin of 2.42% and a return on equity of 17.68%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $0.95 earnings per share. Research analysts anticipate that Landstar System will post 5.44 earnings per share for the current fiscal year.

Landstar System announced that its Board of Directors has authorized a share buyback program on Tuesday, April 28th that permits the company to repurchase 1,115,195,000,000 shares. This repurchase authorization permits the transportation company to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Landstar System Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 19th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, May 19th. Landstar System’s payout ratio is presently 48.34%.

Institutional Trading of Landstar System

A number of institutional investors and hedge funds have recently modified their holdings of LSTR. Integrated Wealth Concepts LLC lifted its stake in shares of Landstar System by 9.8% in the first quarter. Integrated Wealth Concepts LLC now owns 3,767 shares of the transportation company’s stock worth $566,000 after buying an additional 336 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Landstar System by 57.1% in the first quarter. Goldman Sachs Group Inc. now owns 138,009 shares of the transportation company’s stock worth $20,729,000 after buying an additional 50,142 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Landstar System by 38.3% in the first quarter. Empowered Funds LLC now owns 4,687 shares of the transportation company’s stock worth $704,000 after buying an additional 1,298 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Landstar System by 13.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,341 shares of the transportation company’s stock worth $21,380,000 after buying an additional 16,698 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Landstar System by 132.7% in the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock worth $37,000 after buying an additional 142 shares during the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Key Landstar System News

Here are the key news stories impacting Landstar System this week:

• Positive Sentiment: Q1 results beat expectations — Landstar reported Q1 EPS of $1.16 (vs. ~$1.11 consensus) and revenue of $1.17B, with improved gross and operating profit and stronger truck-transport demand driving year-over-year earnings growth. This is the primary catalyst for today’s rally. Zacks Q1 Coverage
• Positive Sentiment: Wells Fargo raised its price target to $200 and set an “overweight” rating — a bullish analyst move that signals upside and likely helped buying interest. TickerReport: Wells Fargo
• Positive Sentiment: UBS lifted its target to $185 (neutral) and Truist bumped its target to $190 — additional analyst upgrades that reinforce the stronger-quarter narrative and raise investor confidence. Benzinga: UBS / Truist
• Positive Sentiment: Board authorized a share buyback (repurchase up to ~3.3% of shares) — management signaling confidence and providing direct capital return that supports the equity. RTT News: Buyback
• Neutral Sentiment: Quarterly dividend declared ($0.40 per share; ~0.9% yield) — modest income component, unlikely to materially move price but supports total-return investors.
• Neutral Sentiment: Additional conference materials & call transcript made available — useful for digging into margin drivers and demand trends but not a new catalyst by itself. Slide Deck / Press Release
• Negative Sentiment: Some analysts’ new targets remain below or only slightly above the current price — JP Morgan raised its target to $179 (neutral) and TD Cowen / Stifel sit around $175, which could cap near-term upside and reflects mixed views on sustained margin improvement. Benzinga: Analyst Targets

About Landstar System

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.