Landstar System, Inc. (NASDAQ:LSTR) Receives $179.73 Consensus PT from Analysts

Landstar System, Inc. (NASDAQ:LSTR) has earned a consensus rating of “Hold” from the twelve analysts that are covering the firm, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $179.73.

A number of brokerages have commented on LSTR. Raymond James decreased their price objective on shares of Landstar System from $205.00 to $195.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Benchmark reissued a “hold” rating on shares of Landstar System in a research note on Wednesday, July 31st. Susquehanna boosted their price objective on shares of Landstar System from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price objective on Landstar System from $182.00 to $188.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, Evercore ISI lifted their target price on Landstar System from $161.00 to $173.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th.

Institutional Trading of Landstar System

A number of hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in Landstar System in the fourth quarter valued at approximately $637,000. GHP Investment Advisors Inc. increased its position in shares of Landstar System by 0.7% in the 4th quarter. GHP Investment Advisors Inc. now owns 63,632 shares of the transportation company’s stock valued at $12,322,000 after buying an additional 472 shares in the last quarter. Cerity Partners LLC acquired a new stake in Landstar System during the 4th quarter worth $207,000. Louisiana State Employees Retirement System bought a new position in Landstar System during the fourth quarter worth about $1,956,000. Finally, Mackenzie Financial Corp grew its stake in Landstar System by 12.8% in the fourth quarter. Mackenzie Financial Corp now owns 7,271 shares of the transportation company’s stock valued at $1,408,000 after acquiring an additional 827 shares during the period. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Landstar System Stock Performance

LSTR opened at $185.72 on Thursday. Landstar System has a 1 year low of $161.13 and a 1 year high of $201.40. The company has a current ratio of 2.17, a quick ratio of 2.22 and a debt-to-equity ratio of 0.05. The stock has a market cap of $6.64 billion, a PE ratio of 28.57 and a beta of 0.80. The stock’s 50 day simple moving average is $184.04 and its 200-day simple moving average is $184.38.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.02. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.25 billion. Landstar System had a return on equity of 21.69% and a net margin of 4.49%. The business’s revenue for the quarter was down 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.85 EPS. Sell-side analysts forecast that Landstar System will post 6.1 EPS for the current year.

Landstar System Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th will be paid a $0.36 dividend. This is a positive change from Landstar System’s previous quarterly dividend of $0.33. The ex-dividend date is Tuesday, August 20th. This represents a $1.44 annualized dividend and a yield of 0.78%. Landstar System’s dividend payout ratio is presently 22.15%.

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.