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

Shares of Landstar System, Inc. (NASDAQ:LSTRGet Free Report) 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.

View Our Latest Stock Analysis on Landstar System

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:LSTRGet Free Report) 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

(Get Free Report

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.

Further Reading

Analyst Recommendations for Landstar System (NASDAQ:LSTR)

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