Landstar System, Inc. (LSTR) Given Consensus Rating of “Hold” by Brokerages
Landstar System, Inc. (NASDAQ:LSTR) has earned a consensus rating of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $83.00.
Several equities analysts have recently issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Landstar System from $81.00 to $87.00 and gave the company a “hold” rating in a report on Friday, April 28th. Credit Suisse Group reissued a “neutral” rating and issued a $83.00 price target (up previously from $82.00) on shares of Landstar System in a report on Monday, March 6th. Zacks Investment Research lowered shares of Landstar System from a “buy” rating to a “hold” rating in a report on Tuesday, February 28th. Cowen and Company boosted their price target on shares of Landstar System from $76.00 to $82.00 and gave the company a “market perform” rating in a report on Thursday, April 27th. Finally, BidaskClub raised shares of Landstar System from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th.
A number of large investors have recently modified their holdings of LSTR. Glen Harbor Capital Management LLC boosted its stake in shares of Landstar System by 11.9% in the first quarter. Glen Harbor Capital Management LLC now owns 1,200 shares of the transportation company’s stock valued at $103,000 after buying an additional 128 shares during the period. Tyers Asset Management LLC acquired a new stake in shares of Landstar System during the fourth quarter valued at approximately $126,000. TrimTabs Asset Management LLC boosted its stake in shares of Landstar System by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,580 shares of the transportation company’s stock valued at $135,000 after buying an additional 744 shares during the period. Pacad Investment Ltd. boosted its stake in shares of Landstar System by 272.1% in the fourth quarter. Pacad Investment Ltd. now owns 1,600 shares of the transportation company’s stock valued at $136,000 after buying an additional 1,170 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Landstar System by 36.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,600 shares of the transportation company’s stock valued at $137,000 after buying an additional 427 shares during the period. 97.93% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Landstar System (LSTR) opened at 84.25 on Monday. The stock has a 50 day moving average price of $84.25 and a 200 day moving average price of $85.32. The firm has a market cap of $3.53 billion, a PE ratio of 25.29 and a beta of 0.73. Landstar System has a 12 month low of $64.82 and a 12 month high of $90.80.
Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Wednesday, April 26th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.04. Landstar System had a net margin of 4.34% and a return on equity of 26.51%. The company had revenue of $780.90 million during the quarter, compared to analyst estimates of $757.56 million. During the same quarter in the previous year, the business earned $0.69 EPS. The firm’s revenue was up 9.7% on a year-over-year basis. On average, equities research analysts expect that Landstar System will post $3.53 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 2nd. Investors of record on Thursday, May 11th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend was Tuesday, May 9th. Landstar System’s payout ratio is presently 10.81%.
Landstar System Company Profile
Landstar System, Inc (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs.
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