Landstar System, Inc. (NASDAQ:LSTR) Receives Consensus Rating of “Reduce” from Analysts

Landstar System, Inc. (NASDAQ:LSTR) has been assigned a consensus rating of “Reduce” from the thirteen brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $174.25.

A number of research analysts have commented on LSTR shares. Raymond James downgraded shares of Landstar System from an “outperform” rating to a “market perform” rating in a research report on Friday. JPMorgan Chase & Co. lifted their price objective on shares of Landstar System from $184.00 to $188.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. The Goldman Sachs Group lowered their target price on Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a report on Wednesday, October 9th. UBS Group lifted their price target on Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Susquehanna reduced their price target on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, November 1st.

Landstar System Stock Down 2.4 %

Shares of NASDAQ:LSTR opened at $182.82 on Friday. The business’s 50 day moving average is $183.92 and its 200 day moving average is $183.34. The stock has a market cap of $6.46 billion, a P/E ratio of 31.36 and a beta of 0.81. Landstar System has a 52-week low of $165.39 and a 52-week high of $201.40. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.04.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.22 billion. Landstar System had a return on equity of 20.68% and a net margin of 4.32%. Landstar System’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.71 EPS. Sell-side analysts predict that Landstar System will post 5.57 EPS for the current year.

Landstar System Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be paid a dividend of $0.36 per share. The ex-dividend date is Tuesday, November 19th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.79%. Landstar System’s payout ratio is 24.70%.

Insider Activity

In related news, CFO James P. Todd sold 1,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $184.32, for a total value of $184,320.00. Following the completion of the transaction, the chief financial officer now owns 14,083 shares in the company, valued at $2,595,778.56. This trade represents a 6.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Landstar System by 2.9% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,008 shares of the transportation company’s stock valued at $387,000 after acquiring an additional 57 shares during the last quarter. OneDigital Investment Advisors LLC lifted its position in Landstar System by 1.5% during the third quarter. OneDigital Investment Advisors LLC now owns 4,678 shares of the transportation company’s stock valued at $883,000 after purchasing an additional 68 shares during the period. GAMMA Investing LLC grew its position in Landstar System by 14.1% during the 3rd quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock worth $107,000 after purchasing an additional 70 shares during the period. Equitable Trust Co. grew its position in Landstar System by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 3,250 shares of the transportation company’s stock worth $614,000 after purchasing an additional 71 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Landstar System by 13.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 595 shares of the transportation company’s stock valued at $115,000 after buying an additional 72 shares during the last quarter. 97.95% of the stock is owned by institutional investors and hedge funds.

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.