Landstar System, Inc. (NASDAQ:LSTR) Receives $182.55 Average Price Target from Brokerages

Shares of Landstar System, Inc. (NASDAQ:LSTR) have earned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $182.55.

Several analysts have recently issued reports on LSTR shares. Morgan Stanley lowered their price target 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. Susquehanna lowered their price target on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Raymond James initiated coverage on shares of Landstar System in a report on Wednesday, May 15th. They set an “outperform” rating and a $205.00 target price on the stock. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a report on Friday, April 26th. Finally, Evercore ISI upped their target price on shares of Landstar System from $161.00 to $173.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th.

Landstar System Stock Performance

NASDAQ LSTR opened at $184.00 on Friday. The company’s 50 day moving average is $181.65 and its 200-day moving average is $184.88. Landstar System has a 12-month low of $161.13 and a 12-month high of $208.62. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.04. The firm has a market cap of $6.58 billion, a P/E ratio of 28.31 and a beta of 0.80.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.04. Landstar System had a net margin of 4.63% and a return on equity of 23.11%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.12 billion. Sell-side analysts predict that Landstar System will post 6.24 earnings per share for the current year.

Landstar System Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Wednesday, May 8th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Tuesday, May 7th. Landstar System’s payout ratio is 20.31%.

Hedge Funds Weigh In On Landstar System

Institutional investors have recently made changes to their positions in the stock. Mather Group LLC. bought a new position in shares of Landstar System in the 1st quarter worth $27,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of Landstar System by 108.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock worth $26,000 after buying an additional 74 shares during the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of 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 buying an additional 130 shares during the last quarter. Montag A & Associates Inc. bought a new position in shares of Landstar System in the 4th quarter worth $48,000. Finally, GAMMA Investing LLC bought a new position in shares of Landstar System in the 4th quarter worth $58,000. Institutional investors own 97.95% of the company’s stock.

About Landstar System

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.