Landstar System, Inc. (NASDAQ:LSTR) Given Consensus Recommendation of “Hold” by Analysts
Landstar System, Inc. (NASDAQ:LSTR) has been assigned a consensus rating of “Hold” from the ten brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $82.67.
LSTR has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Landstar System from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a report on Thursday, July 6th. Cowen and Company boosted their price objective on shares of Landstar System from $76.00 to $82.00 and gave the stock a “market perform” rating in a report on Thursday, April 27th. BidaskClub lowered shares of Landstar System from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Stifel Nicolaus boosted their price objective on shares of Landstar System from $81.00 to $87.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Finally, Deutsche Bank AG lowered shares of Landstar System from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $97.00 to $87.00 in a report on Monday, July 31st.
Landstar System (LSTR) opened at 85.00 on Tuesday. The firm has a 50-day moving average of $85.72 and a 200 day moving average of $85.27. Landstar System has a 12 month low of $65.05 and a 12 month high of $90.80. The firm has a market capitalization of $3.57 billion, a PE ratio of 24.55 and a beta of 0.75.
Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.01. The firm had revenue of $870.34 million during the quarter, compared to analyst estimates of $859.30 million. Landstar System had a net margin of 4.37% and a return on equity of 26.11%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 EPS. Equities research analysts forecast that Landstar System will post $3.55 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 14th will be issued a dividend of $0.10 per share. This is a positive change from Landstar System’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Thursday, August 10th. Landstar System’s dividend payout ratio is currently 11.56%.
Large investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC raised its stake in Landstar System by 37.8% in the first quarter. Janney Montgomery Scott LLC now owns 20,274 shares of the transportation company’s stock worth $1,736,000 after buying an additional 5,562 shares in the last quarter. Cardinal Capital Management raised its stake in Landstar System by 1.0% in the first quarter. Cardinal Capital Management now owns 13,229 shares of the transportation company’s stock worth $1,133,000 after buying an additional 134 shares in the last quarter. First Quadrant L P CA raised its stake in Landstar System by 2.0% in the first quarter. First Quadrant L P CA now owns 399,924 shares of the transportation company’s stock worth $34,253,000 after buying an additional 8,027 shares in the last quarter. Glen Harbor Capital Management LLC raised its stake in 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 worth $103,000 after buying an additional 128 shares in the last quarter. Finally, First Citizens Bank & Trust Co. purchased a new stake in Landstar System during the first quarter worth approximately $281,000. Institutional investors own 97.10% of the company’s stock.
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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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