Landstar System, Inc. (NASDAQ:LSTR) – Analysts at SunTrust Banks dropped their Q1 2020 earnings estimates for Landstar System in a research report issued on Wednesday, June 12th. SunTrust Banks analyst S. Benjamin now anticipates that the transportation company will post earnings per share of $1.55 for the quarter, down from their previous estimate of $1.59.
Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.06. Landstar System had a return on equity of 37.24% and a net margin of 5.68%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the company posted $1.37 EPS. The business’s revenue was down 1.4% on a year-over-year basis.
Other equities research analysts have also issued research reports about the company. Stifel Nicolaus upped their price target on Landstar System from $119.00 to $123.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. BidaskClub upgraded Landstar System from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Cowen reiterated a “market perform” rating and issued a $113.00 price target (down previously from $115.00) on shares of Landstar System in a research report on Thursday, June 6th. Buckingham Research reduced their price target on Landstar System from $121.00 to $112.00 and set a “neutral” rating on the stock in a research report on Friday, June 7th. Finally, Credit Suisse Group dropped their price objective on Landstar System from $112.00 to $104.00 and set a “neutral” rating on the stock in a research note on Thursday, June 6th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $111.90.
NASDAQ LSTR opened at $104.83 on Friday. Landstar System has a 12 month low of $90.23 and a 12 month high of $128.70. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 1.35 and a beta of 1.22. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.00 and a current ratio of 2.00.
A number of hedge funds have recently bought and sold shares of LSTR. BlackRock Inc. raised its stake in Landstar System by 8.9% during the 4th quarter. BlackRock Inc. now owns 5,410,701 shares of the transportation company’s stock worth $517,643,000 after buying an additional 444,387 shares during the period. Norges Bank acquired a new position in Landstar System during the 4th quarter worth approximately $41,862,000. Victory Capital Management Inc. raised its stake in Landstar System by 21.1% during the 1st quarter. Victory Capital Management Inc. now owns 2,080,700 shares of the transportation company’s stock worth $227,607,000 after buying an additional 361,977 shares during the period. Impala Asset Management LLC acquired a new position in Landstar System during the 1st quarter worth approximately $25,012,000. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in Landstar System by 2,928.2% during the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 225,451 shares of the transportation company’s stock worth $24,662,000 after buying an additional 218,006 shares during the period. 98.66% of the stock is currently owned by institutional investors and hedge funds.
In related news, CMO Patrick J. O’malley sold 23,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $110.82, for a total transaction of $2,548,860.00. Following the transaction, the chief marketing officer now directly owns 20,929 shares of the company’s stock, valued at approximately $2,319,351.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Joseph J. Beacom sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $114.12, for a total value of $570,600.00. Following the transaction, the chief operating officer now directly owns 45,924 shares in the company, valued at $5,240,846.88. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Thursday, May 9th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Wednesday, May 8th. Landstar System’s dividend payout ratio is 10.68%.
About Landstar System
Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments, Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics and less-than-truckload service providers.
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