Brokerages Set Landstar System, Inc. (NASDAQ:LSTR) Price Target at $153.00

Shares of Landstar System, Inc. (NASDAQ:LSTR) have been given a consensus recommendation of “Hold” by the fifteen analysts that are currently covering the company, Marketbeat reports. Thirteen research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $153.00.

Several brokerages recently weighed in on LSTR. Weiss Ratings upgraded Landstar System from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, January 27th. Barclays raised their price target on shares of Landstar System from $130.00 to $155.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. JPMorgan Chase & Co. upped their price objective on shares of Landstar System from $134.00 to $162.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Zacks Research upgraded shares of Landstar System from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Finally, Wall Street Zen raised shares of Landstar System from a “sell” rating to a “hold” rating in a report on Saturday, December 27th.

Institutional Investors Weigh In On Landstar System

Several hedge funds and other institutional investors have recently bought and sold shares of LSTR. Peterson Wealth Services increased its position in Landstar System by 1,108.4% during the third quarter. Peterson Wealth Services now owns 10,960 shares of the transportation company’s stock worth $1,343,000 after buying an additional 10,053 shares during the period. Alps Advisors Inc. increased its holdings in shares of Landstar System by 69.8% in the 3rd quarter. Alps Advisors Inc. now owns 94,863 shares of the transportation company’s stock valued at $11,626,000 after acquiring an additional 38,992 shares during the period. Ballast Asset Management LP boosted its stake in Landstar System by 28.2% during the 3rd quarter. Ballast Asset Management LP now owns 34,579 shares of the transportation company’s stock worth $4,238,000 after purchasing an additional 7,614 shares during the period. Advantage Alpha Capital Partners LP purchased a new position in Landstar System during the 2nd quarter worth $2,339,000. Finally, Fenimore Asset Management Inc increased its stake in Landstar System by 231.3% in the third quarter. Fenimore Asset Management Inc now owns 341,130 shares of the transportation company’s stock valued at $41,809,000 after purchasing an additional 238,173 shares during the period. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Landstar System Price Performance

Shares of LSTR opened at $162.75 on Monday. The company has a market capitalization of $5.59 billion, a P/E ratio of 49.17 and a beta of 0.85. The business’s 50-day moving average is $149.50 and its two-hundred day moving average is $136.12. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.01 and a current ratio of 1.75. Landstar System has a fifty-two week low of $119.32 and a fifty-two week high of $164.65.

Landstar System Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 18th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. Landstar System’s dividend payout ratio (DPR) is presently 48.34%.

Landstar System Company Profile

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.