Landstar System, Inc. (NASDAQ:LSTR) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Landstar System, Inc. (NASDAQ:LSTR) have been assigned a consensus recommendation of “Reduce” from the fourteen research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and thirteen have assigned a hold recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $150.42.

A number of research firms have weighed in on LSTR. UBS Group set a $154.00 price objective on Landstar System in a report on Wednesday, May 14th. Stifel Nicolaus decreased their price objective on Landstar System from $147.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, May 14th. Evercore ISI decreased their price objective on Landstar System from $137.00 to $136.00 and set an “in-line” rating on the stock in a report on Wednesday, May 14th. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a report on Monday, April 14th. Finally, TD Cowen decreased their price objective on Landstar System from $161.00 to $145.00 and set a “hold” rating on the stock in a report on Thursday, April 3rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LSTR. KBC Group NV boosted its holdings in shares of Landstar System by 40.9% in the 4th quarter. KBC Group NV now owns 1,417 shares of the transportation company’s stock worth $244,000 after acquiring an additional 411 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in shares of Landstar System by 21.1% in the 4th quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company’s stock worth $47,695,000 after acquiring an additional 48,312 shares in the last quarter. Trust Point Inc. raised its position in Landstar System by 37.0% in the 4th quarter. Trust Point Inc. now owns 2,446 shares of the transportation company’s stock worth $420,000 after purchasing an additional 660 shares during the last quarter. Confluence Wealth Services Inc. raised its position in Landstar System by 16.9% in the 4th quarter. Confluence Wealth Services Inc. now owns 6,591 shares of the transportation company’s stock worth $1,161,000 after purchasing an additional 952 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC raised its position in Landstar System by 34.0% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,980 shares of the transportation company’s stock worth $340,000 after purchasing an additional 502 shares during the last quarter. 97.95% of the stock is owned by institutional investors and hedge funds.

Landstar System Trading Up 2.0%

Shares of LSTR opened at $140.48 on Wednesday. Landstar System has a 12-month low of $128.99 and a 12-month high of $196.86. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 25.45 and a beta of 0.92. The stock’s 50-day moving average price is $138.73 and its 200 day moving average price is $158.22.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Tuesday, May 13th. The transportation company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.07). The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.13 billion. Landstar System had a net margin of 4.07% and a return on equity of 19.56%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.32 earnings per share. As a group, research analysts predict that Landstar System will post 6.1 earnings per share for the current year.

Landstar System Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Thursday, June 5th will be issued a $0.40 dividend. This is an increase from Landstar System’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, June 5th. Landstar System’s payout ratio is presently 31.68%.

Landstar System Company Profile

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 services.