Landstar System, Inc. (NASDAQ:LSTR) has been given an average rating of “Hold” by the fourteen brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $96.67.

Several brokerages have recently commented on LSTR. Credit Suisse Group reaffirmed a “neutral” rating and issued a $97.00 price target (up previously from $84.00) on shares of Landstar System in a research note on Tuesday, October 31st. Buckingham Research boosted their price objective on Landstar System from $103.00 to $106.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Wells Fargo & Company boosted their price objective on Landstar System from $83.00 to $98.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Cowen and Company reiterated a “hold” rating and issued a $97.00 price objective on shares of Landstar System in a report on Friday, October 27th. Finally, Zacks Investment Research upgraded Landstar System from a “hold” rating to a “buy” rating and set a $111.00 price objective on the stock in a report on Tuesday, October 10th.

Landstar System (NASDAQ:LSTR) opened at $98.05 on Thursday. Landstar System has a 12 month low of $80.00 and a 12 month high of $102.55. The company has a market capitalization of $4,114.75, a price-to-earnings ratio of 27.16, a PEG ratio of 1.98 and a beta of 0.80. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.12.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Wednesday, October 25th. The transportation company reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.05. Landstar System had a return on equity of 25.53% and a net margin of 4.36%. The business had revenue of $943.40 million for the quarter, compared to analyst estimates of $895.31 million. During the same quarter in the prior year, the company posted $0.86 EPS. The company’s quarterly revenue was up 19.7% on a year-over-year basis. sell-side analysts expect that Landstar System will post 3.68 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Tuesday, November 14th will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, November 13th. This represents a $0.40 annualized dividend and a yield of 0.41%. Landstar System’s dividend payout ratio (DPR) is 11.08%.

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In other Landstar System news, CEO James B. Gattoni sold 15,000 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $98.72, for a total transaction of $1,480,800.00. Following the sale, the chief executive officer now owns 69,339 shares in the company, valued at approximately $6,845,146.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO L Kevin Stout sold 5,000 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $99.00, for a total value of $495,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,805 shares of company stock worth $3,929,828. 1.00% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Advisor Group Inc. increased its holdings in Landstar System by 64.8% during the 2nd quarter. Advisor Group Inc. now owns 1,523 shares of the transportation company’s stock worth $130,000 after purchasing an additional 599 shares during the period. IFP Advisors Inc increased its holdings in Landstar System by 2.9% during the 2nd quarter. IFP Advisors Inc now owns 1,646 shares of the transportation company’s stock worth $141,000 after purchasing an additional 47 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Landstar System by 14.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,824 shares of the transportation company’s stock worth $156,000 after purchasing an additional 224 shares during the period. Zions Bancorporation purchased a new position in shares of Landstar System in the 3rd quarter valued at about $167,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Landstar System by 22.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,000 shares of the transportation company’s stock valued at $171,000 after acquiring an additional 373 shares during the last quarter. Institutional investors own 97.47% of the company’s stock.

About Landstar System

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.

Analyst Recommendations for Landstar System (NASDAQ:LSTR)

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