Landstar System (NASDAQ:LSTR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Landstar System (NASDAQ:LSTR) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

Several other research analysts have also weighed in on LSTR. Barclays lowered their target price on shares of Landstar System from $135.00 to $130.00 and set an “equal weight” rating for the company in a research note on Thursday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Landstar System in a research note on Wednesday, October 8th. Susquehanna lowered their price objective on shares of Landstar System from $121.00 to $110.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Evercore ISI decreased their target price on shares of Landstar System from $132.00 to $125.00 and set an “in-line” rating on the stock in a research report on Tuesday, September 30th. Finally, Zacks Research lowered shares of Landstar System from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Landstar System presently has a consensus rating of “Hold” and a consensus target price of $134.60.

Landstar System Price Performance

Landstar System stock opened at $125.82 on Friday. Landstar System has a 52-week low of $119.32 and a 52-week high of $196.86. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 32.10 and a beta of 0.82. The company has a fifty day simple moving average of $127.96 and a 200-day simple moving average of $134.03. The company has a quick ratio of 2.00, a current ratio of 2.01 and a debt-to-equity ratio of 0.05.

Landstar System (NASDAQ:LSTR) last released its earnings results on Tuesday, October 28th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.02). Landstar System had a return on equity of 17.24% and a net margin of 2.87%.The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the previous year, the company earned $1.41 EPS. Landstar System’s quarterly revenue was down .7% compared to the same quarter last year. On average, equities analysts anticipate that Landstar System will post 6.1 EPS for the current fiscal year.

Landstar System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Tuesday, November 18th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, November 18th. Landstar System’s dividend payout ratio is currently 40.82%.

Institutional Investors Weigh In On Landstar System

Institutional investors and hedge funds have recently made changes to their positions in the company. MAI Capital Management raised its position in shares of Landstar System by 79.3% during the 2nd quarter. MAI Capital Management now owns 242 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 107 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Landstar System by 132.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 142 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Landstar System by 118.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 280 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 152 shares during the period. Hantz Financial Services Inc. lifted its stake in Landstar System by 7,650.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 310 shares of the transportation company’s stock worth $43,000 after acquiring an additional 306 shares in the last quarter. Finally, Brooklyn Investment Group lifted its stake in Landstar System by 352.2% in the 1st quarter. Brooklyn Investment Group now owns 312 shares of the transportation company’s stock worth $47,000 after acquiring an additional 243 shares in the last quarter. 97.95% of the stock is owned by institutional investors and hedge funds.

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.