Landstar System, Inc. (NASDAQ:LSTR) Receives $172.27 Consensus Price Target from Brokerages

Landstar System, Inc. (NASDAQ:LSTR) has earned an average rating of “Reduce” from the twelve analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation and eleven have issued a hold recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $170.40.

Several research firms have recently weighed in on LSTR. The Goldman Sachs Group decreased their price objective on Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a report on Wednesday, October 9th. Benchmark reissued a “hold” rating on shares of Landstar System in a report on Friday. TD Cowen decreased their price objective on Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. Evercore ISI decreased their price target on Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a report on Wednesday, October 30th. Finally, Stephens decreased their price target on Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th.

Insider Activity

In related news, CFO James P. Todd sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total value of $184,320.00. Following the completion of the transaction, the chief financial officer now 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 document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in Landstar System in the 4th quarter valued at about $25,000. Trust Co. of Vermont acquired a new position in Landstar System in the 4th quarter valued at about $34,000. Whittier Trust Co. of Nevada Inc. raised its stake in Landstar System by 431.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock valued at $83,000 after purchasing an additional 358 shares during the last quarter. Point72 DIFC Ltd acquired a new position in Landstar System in the 2nd quarter valued at about $106,000. Finally, GAMMA Investing LLC increased its stake in shares of Landstar System by 14.1% during the 3rd quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock valued at $107,000 after acquiring an additional 70 shares during the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

Landstar System Stock Down 1.1 %

LSTR stock opened at $162.81 on Thursday. The company’s 50 day moving average price is $177.10 and its 200 day moving average price is $181.94. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96. Landstar System has a fifty-two week low of $159.87 and a fifty-two week high of $196.86. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 29.49 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. On average, equities research analysts anticipate that Landstar System will post 6.42 EPS for the current fiscal year.

Landstar System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Tuesday, February 18th. Landstar System’s dividend payout ratio is currently 26.09%.

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.