Landstar System, Inc. (NASDAQ:LSTR) has been given an average recommendation of “Buy” by the fourteen brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $118.82.

A number of equities research analysts recently commented on LSTR shares. Credit Suisse Group decreased their price target on Landstar System from $115.00 to $108.00 and set a “neutral” rating on the stock in a research report on Monday, April 30th. Zacks Investment Research lowered Landstar System from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 6th. Stifel Nicolaus started coverage on Landstar System in a research report on Tuesday, June 19th. They set a “hold” rating and a $123.00 price target on the stock. BidaskClub lowered Landstar System from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 13th. Finally, Susquehanna Bancshares lowered Landstar System from a “positive” rating to a “neutral” rating in a research report on Friday, July 13th.

In other Landstar System news, CMO Patrick J. O’malley sold 1,812 shares of the stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $115.62, for a total value of $209,503.44. Following the transaction, the chief marketing officer now directly owns 32,830 shares in the company, valued at approximately $3,795,804.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in LSTR. Point72 Asia Hong Kong Ltd boosted its position in shares of Landstar System by 890.7% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 1,070 shares of the transportation company’s stock worth $117,000 after purchasing an additional 962 shares during the last quarter. Atria Investments LLC bought a new position in shares of Landstar System in the 1st quarter worth $202,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Landstar System in the 2nd quarter worth $205,000. NumerixS Investment Technologies Inc boosted its position in shares of Landstar System by 216.7% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 1,900 shares of the transportation company’s stock worth $209,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Hartford Investment Management Co. bought a new position in shares of Landstar System in the 2nd quarter worth $208,000. Hedge funds and other institutional investors own 97.30% of the company’s stock.

NASDAQ LSTR opened at $115.70 on Friday. The company has a market cap of $4.75 billion, a P/E ratio of 30.85, a price-to-earnings-growth ratio of 1.41 and a beta of 0.84. Landstar System has a one year low of $82.05 and a one year high of $118.60. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.82 and a current ratio of 1.82.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, July 25th. The transportation company reported $1.51 EPS for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.02). The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.16 billion. Landstar System had a return on equity of 31.06% and a net margin of 5.38%. The firm’s revenue was up 35.9% on a year-over-year basis. During the same quarter last year, the company earned $0.89 earnings per share. analysts forecast that Landstar System will post 6.06 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Shareholders of record on Monday, August 13th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.57%. This is a positive change from Landstar System’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, August 10th. Landstar System’s dividend payout ratio (DPR) is presently 17.60%.

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, including third party logistics and less-than-truckload service providers.

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Analyst Recommendations for Landstar System (NASDAQ:LSTR)

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