Landstar System, Inc. (NASDAQ:LSTR) Stock Has Consensus Price Target of $196.00

Landstar System, Inc. (NASDAQ:LSTR) has earned an average recommendation of “Hold” from the seventeen analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $196.00.

A number of equities research analysts have commented on the stock. Stephens raised shares of Landstar System to a “strong-buy” rating in a report on Wednesday, July 8th. The Goldman Sachs Group upped their target price on shares of Landstar System from $147.00 to $168.00 and gave the stock a “sell” rating in a research report on Thursday, July 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Landstar System in a research note on Friday, September 11th. UBS Group reissued a “neutral” rating and issued a $195.00 price target on shares of Landstar System in a report on Wednesday, July 29th. Finally, Stifel Nicolaus boosted their price objective on shares of Landstar System from $186.00 to $197.00 and gave the stock a “hold” rating in a research report on Wednesday, July 29th.

Landstar System Stock Performance

NASDAQ LSTR opened at $165.18 on Tuesday. The firm has a market cap of $5.61 billion, a price-to-earnings ratio of 42.79 and a beta of 0.90. The company has a 50 day moving average of $181.86 and a 200-day moving average of $184.75. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.05. Landstar System has a 1-year low of $120.01 and a 1-year high of $228.46.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Tuesday, July 28th. The transportation company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.05). The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.34 billion. Landstar System had a return on equity of 20.84% and a net margin of 2.64%.The firm’s revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the company earned $1.20 earnings per share. On average, equities analysts forecast that Landstar System will post 5.84 earnings per share for the current fiscal year.

Landstar System Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Tuesday, August 18th were paid a $0.44 dividend. This is an increase from Landstar System’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. Landstar System’s payout ratio is 45.60%.

Hedge Funds Weigh In On Landstar System

Several large investors have recently made changes to their positions in LSTR. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Landstar System during the 2nd quarter worth about $35,000. Trust Co. of Vermont acquired a new position in Landstar System during the 2nd quarter valued at about $41,000. Essential Partners LLC boosted its stake in shares of Landstar System by 58.3% in the 1st quarter. Essential Partners LLC now owns 277 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 102 shares during the last quarter. Elevation Wealth Partners LLC boosted its stake in shares of Landstar System by 41.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 224 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 66 shares during the last quarter. Finally, Westpac Banking Corp acquired a new stake in shares of Landstar System during the 2nd quarter worth approximately $65,000. Institutional investors and hedge funds own 97.95% of the company’s stock.

Landstar System Company Profile

Landstar System, Inc is a transportation services company that provides integrated logistics solutions primarily through an asset-light network of independent freight agents and third-party capacity providers. The company’s operations connect shippers with transportation services without relying primarily on a company-owned fleet of trucks.

Landstar arranges a broad range of freight transportation, including truckload, less-than-truckload, expedited, heavy-haul and specialized shipments.