Landstar System (NASDAQ:LSTR) Sets New 12-Month High – What’s Next?

Landstar System, Inc. (NASDAQ:LSTR) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $166.11 and last traded at $161.6540, with a volume of 184559 shares trading hands. The stock had previously closed at $162.95.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Zacks Research raised shares of Landstar System from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Wells Fargo & Company raised shares of Landstar System from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $145.00 to $170.00 in a research report on Tuesday, January 6th. Robert W. Baird set a $164.00 price target on shares of Landstar System in a research note on Friday, January 30th. Morgan Stanley upped their price target on Landstar System from $133.00 to $135.00 and gave the company an “equal weight” rating in a research report on Monday, December 8th. Finally, Weiss Ratings upgraded Landstar System from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $153.00.

Landstar System Trading Up 0.7%

The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The business’s fifty day moving average is $150.85 and its 200 day moving average is $138.00. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 49.70 and a beta of 0.82.

Landstar System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 18th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, February 18th. Landstar System’s payout ratio is 48.34%.

Institutional Investors Weigh In On Landstar System

A number of hedge funds and other institutional investors have recently bought and sold shares of LSTR. M&T Bank Corp grew its stake in shares of Landstar System by 151,424.4% during the 4th quarter. M&T Bank Corp now owns 6,294,325 shares of the transportation company’s stock worth $904,495,000 after acquiring an additional 6,290,171 shares in the last quarter. Boston Partners grew its position in Landstar System by 24.1% in the third quarter. Boston Partners now owns 1,761,526 shares of the transportation company’s stock valued at $216,242,000 after purchasing an additional 341,808 shares in the last quarter. AQR Capital Management LLC increased its stake in Landstar System by 185.5% in the 4th quarter. AQR Capital Management LLC now owns 987,087 shares of the transportation company’s stock valued at $141,844,000 after buying an additional 641,319 shares during the last quarter. First Trust Advisors LP increased its stake in Landstar System by 31.8% in the 3rd quarter. First Trust Advisors LP now owns 964,297 shares of the transportation company’s stock valued at $118,184,000 after buying an additional 232,682 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Landstar System by 2.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 746,506 shares of the transportation company’s stock worth $91,492,000 after buying an additional 21,163 shares in the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

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.