Landstar System, Inc. (NASDAQ:LSTR) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Landstar System, Inc. (NASDAQ:LSTR) have been given an average rating of “Hold” by the ten analysts that are covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $183.00.

Several research analysts recently commented on the stock. Wells Fargo & Company lifted their target price on shares of Landstar System from $165.00 to $180.00 and gave the stock an “equal weight” rating in a report on Friday, February 2nd. Raymond James started coverage on Landstar System in a research report on Wednesday, May 15th. They set an “outperform” rating and a $205.00 price objective for the company. Stifel Nicolaus lowered their target price on Landstar System from $166.00 to $164.00 and set a “hold” rating on the stock in a report on Monday, April 29th. Susquehanna cut their price target on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, April 26th. Finally, UBS Group raised their price objective on shares of Landstar System from $175.00 to $200.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd.

Landstar System Price Performance

Shares of NASDAQ:LSTR opened at $182.03 on Friday. The stock has a market capitalization of $6.51 billion, a P/E ratio of 28.00 and a beta of 0.86. The business has a 50-day moving average of $180.54 and a two-hundred day moving average of $185.20. Landstar System has a fifty-two week low of $161.13 and a fifty-two week high of $208.62. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.22 and a quick ratio of 2.22.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Wednesday, April 24th. The transportation company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.04. Landstar System had a return on equity of 23.11% and a net margin of 4.63%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.12 billion. On average, equities research analysts predict that Landstar System will post 6.31 EPS for the current fiscal year.

Landstar System Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Wednesday, May 8th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.73%. The ex-dividend date was Tuesday, May 7th. Landstar System’s dividend payout ratio (DPR) is presently 20.31%.

Institutional Investors Weigh In On Landstar System

Several large investors have recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. boosted its stake in Landstar System by 2.9% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,008 shares of the transportation company’s stock valued at $387,000 after buying an additional 57 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Landstar System by 1.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 3,560 shares of the transportation company’s stock worth $630,000 after purchasing an additional 63 shares during the last quarter. Valley Wealth Managers Inc. increased its position in shares of Landstar System by 5.3% during the 3rd quarter. Valley Wealth Managers Inc. now owns 1,386 shares of the transportation company’s stock worth $245,000 after purchasing an additional 70 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in Landstar System by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 15,707 shares of the transportation company’s stock valued at $2,779,000 after purchasing an additional 80 shares during the last quarter. Finally, Mariner LLC boosted its position in Landstar System by 0.9% in the third quarter. Mariner LLC now owns 9,448 shares of the transportation company’s stock valued at $1,672,000 after buying an additional 87 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors.

Landstar System Company Profile

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 services.