Analysts Set Landstar System, Inc. (NASDAQ:LSTR) PT at $179.73

Shares of Landstar System, Inc. (NASDAQ:LSTR) have been assigned an average recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat Ratings reports. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $179.73.

A number of equities analysts have issued reports on the stock. Morgan Stanley decreased their price objective on shares of Landstar System from $147.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, July 8th. Stifel Nicolaus reduced their price target on shares of Landstar System from $164.00 to $160.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. Susquehanna boosted their price target on shares of Landstar System from $160.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Evercore ISI boosted their price target on shares of Landstar System from $161.00 to $173.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Landstar System from $182.00 to $188.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st.

Landstar System Price Performance

LSTR stock opened at $184.00 on Monday. The firm’s 50-day moving average price is $184.91 and its two-hundred day moving average price is $183.50. Landstar System has a 12-month low of $161.13 and a 12-month high of $201.40. The stock has a market capitalization of $6.58 billion, a price-to-earnings ratio of 28.17 and a beta of 0.80. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.05.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. Landstar System had a net margin of 4.49% and a return on equity of 21.69%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the company earned $1.85 earnings per share. The company’s revenue for the quarter was down 10.8% compared to the same quarter last year. As a group, equities analysts predict that Landstar System will post 5.87 earnings per share for the current year.

Landstar System Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th will be issued a dividend of $0.36 per share. The ex-dividend date is Tuesday, August 20th. This is an increase from Landstar System’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a dividend yield of 0.78%. Landstar System’s dividend payout ratio (DPR) is presently 22.15%.

Hedge Funds Weigh In On Landstar System

A number of hedge funds have recently bought and sold shares of LSTR. Mather Group LLC. bought a new stake in Landstar System during the 1st quarter valued at about $27,000. Massmutual Trust Co. FSB ADV increased its position in shares of Landstar System by 108.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 74 shares in the last quarter. SRS Capital Advisors Inc. raised its holdings in Landstar System by 209.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 192 shares of the transportation company’s stock worth $37,000 after acquiring an additional 130 shares during the last quarter. Montag A & Associates Inc. bought a new position in Landstar System in the 4th quarter valued at approximately $48,000. Finally, Quest Partners LLC purchased a new stake in Landstar System during the 2nd quarter valued at $73,000. Institutional investors own 97.95% of the company’s stock.

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.