Landstar System, Inc. (NASDAQ:LSTR) Stock Has Average Target Price of $191.14

Landstar System, Inc. (NASDAQ:LSTR) has received a consensus rating of “Hold” from the seventeen research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $191.14.

LSTR has been the subject of several recent research reports. Robert W. Baird lowered their price objective on Landstar System from $225.00 to $215.00 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. The Goldman Sachs Group upped their target price on shares of Landstar System from $147.00 to $168.00 and gave the stock a “sell” rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. decreased their price target on shares of Landstar System from $204.00 to $181.00 and set a “neutral” rating for the company in a research note on Monday, October 5th. Janney Montgomery Scott set a $182.00 price target on shares of Landstar System in a research report on Wednesday, July 29th. Finally, Zacks Research cut shares of Landstar System from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 4th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Elevation Wealth Partners LLC grew its position in Landstar System by 41.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 224 shares of the transportation company’s stock worth $46,000 after purchasing an additional 66 shares during the last quarter. First Citizens Bank & Trust Co. raised its holdings in shares of Landstar System by 1.5% in the first quarter. First Citizens Bank & Trust Co. now owns 4,710 shares of the transportation company’s stock valued at $755,000 after buying an additional 68 shares during the last quarter. Petros Family Wealth LLC raised its holdings in shares of Landstar System by 4.9% in the first quarter. Petros Family Wealth LLC now owns 1,548 shares of the transportation company’s stock valued at $248,000 after buying an additional 73 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Landstar System by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 6,987 shares of the transportation company’s stock valued at $1,120,000 after buying an additional 91 shares during the last quarter. Finally, State of Michigan Retirement System boosted its stake in shares of Landstar System by 1.2% during the first quarter. State of Michigan Retirement System now owns 8,170 shares of the transportation company’s stock worth $1,310,000 after buying an additional 100 shares during the period. Institutional investors own 97.95% of the company’s stock.

Landstar System Price Performance

LSTR stock opened at $168.36 on Friday. Landstar System has a 1 year low of $121.11 and a 1 year high of $228.46. The company has a market cap of $5.71 billion, a P/E ratio of 43.62 and a beta of 0.90. The firm has a 50-day moving average of $174.72 and a 200 day moving average of $186.79. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.82 and a quick ratio of 1.82.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.05). Landstar System had a net margin of 2.64% and a return on equity of 20.84%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the firm posted $1.20 earnings per share. The business’s revenue was up 18.2% compared to the same quarter last year. On average, sell-side analysts forecast that Landstar System will post 5.87 EPS for the current year.

Landstar System Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Tuesday, August 18th were given a dividend of $0.44 per share. This is a boost from Landstar System’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $1.76 dividend on an annualized basis and a yield of 1.0%. Landstar System’s dividend payout ratio is 45.60%.

About Landstar System

Landstar System, Inc (NASDAQ: LSTR) is an asset-light transportation and logistics company headquartered in Jacksonville, Florida. Through a network of independent owner-operators, agents and third-party capacity providers, the company arranges the movement of freight for commercial and industrial customers.

Landstar’s services include truckload transportation, specialized and heavy-haul freight, expedited and time-critical shipping, less-than-truckload transportation, intermodal services and logistics management.