Analysts Set Landstar System, Inc. (NASDAQ:LSTR) Target Price at $169.45

Landstar System, Inc. (NASDAQ:LSTR) has earned a consensus rating of “Reduce” from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and twelve have given a hold recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $169.45.

A number of research analysts have recently commented on LSTR shares. JPMorgan Chase & Co. lowered their target price on Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Stifel Nicolaus boosted their target price on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. Finally, Truist Financial assumed coverage on shares of Landstar System in a research note on Thursday, March 13th. They set a “hold” rating and a $160.00 price objective on the stock.

Landstar System Stock Down 0.5 %

Shares of Landstar System stock opened at $149.28 on Friday. The company’s fifty day simple moving average is $161.07 and its two-hundred day simple moving average is $174.26. Landstar System has a 12-month low of $144.13 and a 12-month high of $196.86. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. The company has a market cap of $5.27 billion, a P/E ratio of 27.04 and a beta of 0.82.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. Research analysts anticipate that Landstar System will post 6.1 EPS for the current year.

Landstar System Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Tuesday, February 18th. Landstar System’s dividend payout ratio (DPR) is currently 26.09%.

Hedge Funds Weigh In On Landstar System

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Verition Fund Management LLC lifted its holdings in shares of Landstar System by 28.1% during the third quarter. Verition Fund Management LLC now owns 59,005 shares of the transportation company’s stock valued at $11,144,000 after purchasing an additional 12,931 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in Landstar System by 419.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,682 shares of the transportation company’s stock valued at $695,000 after acquiring an additional 2,973 shares during the period. FMR LLC boosted its holdings in shares of Landstar System by 8.6% during the 3rd quarter. FMR LLC now owns 162,222 shares of the transportation company’s stock valued at $30,639,000 after acquiring an additional 12,894 shares during the last quarter. State Street Corp grew its stake in shares of Landstar System by 1.4% in the third quarter. State Street Corp now owns 1,117,857 shares of the transportation company’s stock worth $211,130,000 after acquiring an additional 15,328 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Landstar System by 22.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 17,077 shares of the transportation company’s stock valued at $2,935,000 after purchasing an additional 3,150 shares during the last quarter. 97.95% of the stock is owned by 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.