Landstar System, Inc. (NASDAQ:LSTR) Receives Consensus Recommendation of “Hold” from Analysts

Landstar System, Inc. (NASDAQ:LSTR) has been assigned an average rating of “Hold” from the fifteen analysts that are covering the firm, MarketBeat reports. Thirteen analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $153.00.

LSTR has been the topic of a number of recent research reports. Robert W. Baird set a $164.00 price target on shares of Landstar System in a report on Friday, January 30th. Zacks Research upgraded shares of Landstar System from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Benchmark reiterated a “hold” rating on shares of Landstar System in a report on Thursday, January 29th. Evercore lifted their price target on shares of Landstar System from $125.00 to $151.00 and gave the stock an “in-line” rating in a report on Monday, January 12th. Finally, Barclays lifted 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.

Landstar System Stock Performance

NASDAQ LSTR opened at $165.28 on Tuesday. The firm’s fifty day moving average price is $154.14 and its two-hundred day moving average price is $141.99. The stock has a market cap of $5.61 billion, a PE ratio of 49.93 and a beta of 0.80. Landstar System has a fifty-two week low of $119.32 and a fifty-two week high of $166.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75.

Landstar System Dividend Announcement

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

Hedge Funds Weigh In On Landstar System

A number of hedge funds have recently modified their holdings of LSTR. M&T Bank Corp lifted its holdings in Landstar System by 151,424.4% in the fourth quarter. M&T Bank Corp now owns 6,294,325 shares of the transportation company’s stock valued at $904,495,000 after buying an additional 6,290,171 shares during the period. Boston Partners lifted its holdings 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 buying an additional 341,808 shares during the period. AQR Capital Management LLC lifted its holdings in Landstar System by 185.5% in the fourth 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 period. First Trust Advisors LP lifted its holdings in Landstar System by 31.8% in the third 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 period. Finally, JPMorgan Chase & Co. lifted its holdings in Landstar System by 2.9% in the third quarter. JPMorgan Chase & Co. now owns 746,506 shares of the transportation company’s stock valued at $91,492,000 after buying an additional 21,163 shares during the period. 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.