Brokerages Set Landstar System, Inc. (LSTR) Price Target at $111.75
Landstar System, Inc. (NASDAQ:LSTR) has received an average recommendation of “Hold” from the fourteen analysts that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $111.75.
A number of equities research analysts recently issued reports on LSTR shares. Stifel Nicolaus increased their target price on shares of Landstar System from $119.00 to $123.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Cowen reiterated a “market perform” rating and set a $115.00 target price (up previously from $110.00) on shares of Landstar System in a research report on Thursday, April 25th. Buckingham Research dropped their target price on shares of Landstar System from $115.00 to $114.00 and set a “neutral” rating for the company in a research report on Tuesday, April 2nd. Finally, BidaskClub upgraded shares of Landstar System from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th.
In other Landstar System news, COO Joseph J. Beacom sold 5,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $114.12, for a total transaction of $570,600.00. Following the sale, the chief operating officer now owns 45,924 shares of the company’s stock, valued at approximately $5,240,846.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Patrick J. O’malley sold 23,000 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $110.82, for a total transaction of $2,548,860.00. Following the sale, the chief marketing officer now directly owns 20,929 shares in the company, valued at approximately $2,319,351.78. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
Shares of LSTR stock traded up $0.63 during mid-day trading on Monday, reaching $96.88. The company’s stock had a trading volume of 722,800 shares, compared to its average volume of 363,311. Landstar System has a 1-year low of $90.23 and a 1-year high of $128.70. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 1.25 and a beta of 1.22. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.00 and a current ratio of 2.00.
Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.06. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Landstar System had a net margin of 5.68% and a return on equity of 37.24%. The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.37 EPS. On average, sell-side analysts predict that Landstar System will post 6.41 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Thursday, May 9th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Wednesday, May 8th. Landstar System’s dividend payout ratio (DPR) is currently 10.68%.
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 service providers.
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