Landstar System, Inc. (NASDAQ:LSTR) Receives $174.25 Consensus Price Target from Brokerages

Landstar System, Inc. (NASDAQ:LSTR) has been assigned an average recommendation of “Reduce” from the thirteen ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $171.45.

Several research analysts recently issued reports on LSTR shares. The Goldman Sachs Group cut their target price on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. UBS Group increased their price target on shares of Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Stephens cut their price objective on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. Raymond James downgraded shares of Landstar System from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Finally, Evercore ISI decreased their price target on shares of Landstar System from $165.00 to $160.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 30th.

Landstar System Price Performance

Shares of NASDAQ LSTR opened at $165.68 on Friday. Landstar System has a fifty-two week low of $165.31 and a fifty-two week high of $200.43. The firm’s 50-day simple moving average is $180.53 and its 200 day simple moving average is $182.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.21 and a current ratio of 2.21. The stock has a market cap of $5.85 billion, a price-to-earnings ratio of 28.42 and a beta of 0.83.

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

Landstar System Increases Dividend

The company also recently disclosed a special dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be issued a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, January 7th. This is a positive change from Landstar System’s previous special dividend of $1.50. Landstar System’s dividend payout ratio is currently 24.70%.

Insider Transactions at Landstar System

In other Landstar System news, CFO James P. Todd sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total value of $184,320.00. Following the transaction, the chief financial officer now directly owns 14,083 shares of the company’s stock, valued at approximately $2,595,778.56. The trade was a 6.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Quest Partners LLC acquired a new stake in Landstar System in the second quarter valued at approximately $73,000. Whittier Trust Co. of Nevada Inc. lifted its stake in Landstar System by 431.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock worth $83,000 after purchasing an additional 358 shares during the last quarter. Point72 DIFC Ltd bought a new stake in Landstar System in the second quarter valued at $106,000. GAMMA Investing LLC lifted its stake in Landstar System by 14.1% in the third quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock valued at $107,000 after buying an additional 70 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Landstar System during the second quarter valued at $131,000. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

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.