Landstar System, Inc. (NASDAQ:LSTR) has earned a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $105.75.
Several analysts have weighed in on the stock. Cowen reaffirmed a “market perform” rating and set a $115.00 price objective (up from $97.00) on shares of Landstar System in a research note on Thursday, February 1st. KeyCorp reaffirmed a “buy” rating and set a $125.00 price objective on shares of Landstar System in a research note on Friday. Buckingham Research upped their price objective on shares of Landstar System from $114.00 to $126.00 and gave the stock a “neutral” rating in a research note on Friday. Cleveland Research raised shares of Landstar System from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th. Finally, Zacks Investment Research raised shares of Landstar System from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research note on Tuesday, January 16th.
In other Landstar System news, Director Dr. Homaira Akbari sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $98.30, for a total value of $98,300.00. Following the transaction, the director now directly owns 6,656 shares of the company’s stock, valued at $654,284.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Joseph J. Beacom sold 9,805 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $98.32, for a total transaction of $964,027.60. Following the completion of the transaction, the chief operating officer now directly owns 55,649 shares in the company, valued at $5,471,409.68. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.
Shares of Landstar System (NASDAQ:LSTR) opened at $109.35 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.96 and a current ratio of 1.75. The firm has a market cap of $4,590.00, a PE ratio of 25.97, a price-to-earnings-growth ratio of 1.86 and a beta of 0.81. Landstar System has a 52 week low of $80.00 and a 52 week high of $118.60.
Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Wednesday, January 31st. The transportation company reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.06. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Landstar System had a net margin of 4.86% and a return on equity of 25.30%. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 earnings per share. sell-side analysts predict that Landstar System will post 4.52 EPS for the current fiscal year.
Landstar System announced that its board has approved a stock buyback plan on Wednesday, December 13th that authorizes the company to buyback 1,960,000 outstanding shares. This buyback authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Monday, February 19th will be paid a dividend of $0.15 per share. This is a boost from Landstar System’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Thursday, February 15th. Landstar System’s dividend payout ratio is 9.50%.
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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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