Landstar System, Inc. (LSTR) Given Consensus Rating of “Hold” by Brokerages
Shares of Landstar System, Inc. (NASDAQ:LSTR) have received a consensus rating of “Hold” from the eleven research firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $86.14.
A number of equities research analysts have commented on the company. Morgan Stanley lifted their target price on Landstar System from $66.00 to $68.00 and gave the company an “underweight” rating in a research report on Monday, August 7th. Stephens upgraded Landstar System from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $88.00 to $103.00 in a report on Wednesday, August 30th. Stifel Nicolaus upgraded Landstar System from a “hold” rating to a “buy” rating and boosted their price objective for the company from $87.00 to $95.00 in a report on Monday, July 31st. BidaskClub downgraded Landstar System from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Zacks Investment Research cut Landstar System from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd.
Several hedge funds have recently bought and sold shares of the company. Glen Harbor Capital Management LLC raised its position in shares of Landstar System by 11.9% in the 1st 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 during the period. Advisor Group Inc. raised its position in Landstar System by 64.8% in the second quarter. Advisor Group Inc. now owns 1,523 shares of the transportation company’s stock valued at $130,000 after purchasing an additional 599 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in 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 purchasing an additional 427 shares during the period. IFP Advisors Inc raised its position in Landstar System by 2.9% in the second quarter. IFP Advisors Inc now owns 1,646 shares of the transportation company’s stock valued at $141,000 after purchasing an additional 47 shares during the period. Finally, Tyers Asset Management LLC raised its position in Landstar System by 11.9% in the first quarter. Tyers Asset Management LLC now owns 1,650 shares of the transportation company’s stock valued at $141,000 after purchasing an additional 176 shares during the period. Institutional investors and hedge funds own 97.00% of the company’s stock.
Landstar System (LSTR) opened at 94.75 on Friday. Landstar System has a 1-year low of $65.05 and a 1-year high of $95.45. The company has a market capitalization of $3.97 billion, a P/E ratio of 27.37 and a beta of 0.74. The firm has a 50-day moving average price of $85.91 and a 200 day moving average price of $85.50.
Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.01. The firm had revenue of $870.34 million for the quarter, compared to analyst estimates of $859.30 million. Landstar System had a return on equity of 26.11% and a net margin of 4.37%. The business’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 earnings per share. On average, equities analysts predict that Landstar System will post $3.56 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 14th were issued a dividend of $0.10 per share. This is a boost from Landstar System’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.42%. Landstar System’s dividend payout ratio (DPR) is 11.56%.
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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