Landstar System, Inc. (NASDAQ:LSTR) has been given an average rating of “Hold” by the fifteen analysts that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $110.22.

Several equities analysts recently issued reports on the stock. Buckingham Research cut their price target on shares of Landstar System from $115.00 to $114.00 and set a “neutral” rating for the company in a report on Tuesday, April 2nd. BidaskClub raised shares of Landstar System from a “hold” rating to a “buy” rating in a report on Saturday, March 30th. Cowen reissued a “hold” rating and set a $100.00 price target on shares of Landstar System in a report on Wednesday, January 30th. Zacks Investment Research downgraded shares of Landstar System from a “hold” rating to a “sell” rating in a report on Friday, January 4th. Finally, SunTrust Banks assumed coverage on shares of Landstar System in a report on Wednesday, December 12th. They set a “hold” rating and a $105.00 price target for the company.

In other Landstar System news, CEO James B. Gattoni sold 19,481 shares of the firm’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $110.68, for a total value of $2,156,157.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO L Kevin Stout sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $110.99, for a total transaction of $665,940.00. Following the completion of the sale, the chief financial officer now owns 47,204 shares of the company’s stock, valued at approximately $5,239,171.96. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. TrimTabs Asset Management LLC increased its position in Landstar System by 5.0% in the 1st quarter. TrimTabs Asset Management LLC now owns 11,754 shares of the transportation company’s stock valued at $1,286,000 after acquiring an additional 560 shares in the last quarter. Denali Advisors LLC grew its position in shares of Landstar System by 371.5% during the 1st quarter. Denali Advisors LLC now owns 58,000 shares of the transportation company’s stock worth $6,345,000 after buying an additional 45,700 shares during the period. Park National Corp OH acquired a new stake in shares of Landstar System during the 1st quarter worth approximately $201,000. Deutsche Bank AG grew its position in shares of Landstar System by 10.2% during the 4th quarter. Deutsche Bank AG now owns 93,146 shares of the transportation company’s stock worth $8,909,000 after buying an additional 8,649 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Landstar System by 6.9% during the 4th quarter. Geode Capital Management LLC now owns 456,374 shares of the transportation company’s stock worth $43,660,000 after buying an additional 29,381 shares during the period. Hedge funds and other institutional investors own 98.65% of the company’s stock.

NASDAQ:LSTR opened at $111.00 on Friday. The stock has a market cap of $4.47 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 1.45 and a beta of 1.20. Landstar System has a 52 week low of $90.23 and a 52 week high of $128.70. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.12.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Wednesday, January 30th. The transportation company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.10. Landstar System had a net margin of 5.53% and a return on equity of 36.70%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the firm posted $2.51 EPS. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. On average, equities research analysts expect that Landstar System will post 6.42 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, February 18th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.59%. The ex-dividend date was Thursday, February 14th. Landstar System’s payout ratio is presently 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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Analyst Recommendations for Landstar System (NASDAQ:LSTR)

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