Brokerages Set Landstar System, Inc. (NASDAQ:LSTR) PT at $148.67

Shares of Landstar System, Inc. (NASDAQ:LSTRGet Rating) have earned a consensus rating of “Hold” from the twelve brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $148.67.

Several research firms have issued reports on LSTR. Cowen decreased their price target on shares of Landstar System to $155.00 in a research report on Thursday, October 27th. StockNews.com initiated coverage on shares of Landstar System in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Wells Fargo & Company decreased their target price on shares of Landstar System from $143.00 to $142.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 12th. Benchmark initiated coverage on shares of Landstar System in a research report on Tuesday, September 6th. They set a “hold” rating on the stock. Finally, Susquehanna lifted their target price on shares of Landstar System from $147.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 21st.

Insider Buying and Selling at Landstar System

In other Landstar System news, CEO James B. Gattoni sold 20,000 shares of the business’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $155.86, for a total value of $3,117,200.00. Following the transaction, the chief executive officer now directly owns 74,792 shares in the company, valued at $11,657,081.12. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On Landstar System

A number of institutional investors have recently modified their holdings of the stock. Toroso Investments LLC raised its stake in shares of Landstar System by 17.6% in the third quarter. Toroso Investments LLC now owns 4,291 shares of the transportation company’s stock worth $619,000 after acquiring an additional 643 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in shares of Landstar System in the third quarter worth about $843,000. FourThought Financial LLC raised its stake in shares of Landstar System by 32.3% in the third quarter. FourThought Financial LLC now owns 393 shares of the transportation company’s stock worth $57,000 after acquiring an additional 96 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of Landstar System by 105.5% in the third quarter. Captrust Financial Advisors now owns 13,192 shares of the transportation company’s stock worth $1,905,000 after acquiring an additional 6,773 shares during the last quarter. Finally, Baird Financial Group Inc. raised its stake in shares of Landstar System by 63.1% in the third quarter. Baird Financial Group Inc. now owns 2,300 shares of the transportation company’s stock worth $332,000 after acquiring an additional 890 shares during the last quarter. 98.90% of the stock is owned by institutional investors.

Landstar System Stock Performance

NASDAQ LSTR opened at $170.82 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market capitalization of $6.14 billion, a price-to-earnings ratio of 14.07, a P/E/G ratio of 1.20 and a beta of 0.90. The company’s fifty day moving average is $152.98 and its two-hundred day moving average is $150.56. Landstar System has a 52-week low of $137.15 and a 52-week high of $182.00.

Landstar System (NASDAQ:LSTRGet Rating) last posted its quarterly earnings results on Wednesday, October 19th. The transportation company reported $2.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.76. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.79 billion. Landstar System had a net margin of 5.85% and a return on equity of 52.31%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business posted $2.58 EPS. Equities research analysts forecast that Landstar System will post 11.77 EPS for the current year.

Landstar System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Tuesday, November 8th will be given a $0.30 dividend. The ex-dividend date is Monday, November 7th. This represents a $1.20 dividend on an annualized basis and a yield of 0.70%. Landstar System’s dividend payout ratio (DPR) is presently 9.88%.

About Landstar System

(Get Rating)

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. The company 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, small package and less-than-truckload service providers.

Further Reading

Analyst Recommendations for Landstar System (NASDAQ:LSTR)

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