Landstar System, Inc. (NASDAQ:LSTR) Given Average Rating of “Hold” by Brokerages

Shares of Landstar System, Inc. (NASDAQ:LSTR) have been assigned an average rating of “Hold” from the sixteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have issued a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $136.5833.

LSTR has been the subject of a number of recent research reports. Zacks Research upgraded Landstar System from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. JPMorgan Chase & Co. lowered their price objective on Landstar System from $138.00 to $134.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Wells Fargo & Company assumed coverage on Landstar System in a report on Friday, December 5th. They issued an “equal weight” rating and a $145.00 target price on the stock. UBS Group lowered their price target on shares of Landstar System from $149.00 to $147.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Finally, Susquehanna reduced their price objective on shares of Landstar System from $121.00 to $110.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th.

Institutional Investors Weigh In On Landstar System

A number of hedge funds have recently added to or reduced their stakes in the business. Deutsche Bank AG grew its position in shares of Landstar System by 47.8% during the 1st quarter. Deutsche Bank AG now owns 4,551 shares of the transportation company’s stock worth $684,000 after buying an additional 1,472 shares during the period. American Century Companies Inc. grew its holdings in Landstar System by 8.7% in the first quarter. American Century Companies Inc. now owns 78,375 shares of the transportation company’s stock worth $11,772,000 after purchasing an additional 6,306 shares during the period. Brooklyn Investment Group raised its holdings in shares of Landstar System by 352.2% during the first quarter. Brooklyn Investment Group now owns 312 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 243 shares during the period. Northern Trust Corp raised its holdings in shares of Landstar System by 9.1% during the first quarter. Northern Trust Corp now owns 734,256 shares of the transportation company’s stock valued at $110,285,000 after purchasing an additional 61,477 shares during the period. Finally, Jump Financial LLC grew its stake in shares of Landstar System by 211.2% in the 1st quarter. Jump Financial LLC now owns 3,653 shares of the transportation company’s stock valued at $549,000 after buying an additional 2,479 shares during the period. 97.95% of the stock is currently owned by institutional investors.

Landstar System Stock Performance

Landstar System stock opened at $144.78 on Friday. The business has a 50 day moving average of $132.86 and a 200-day moving average of $133.27. The company has a market capitalization of $4.97 billion, a P/E ratio of 36.93 and a beta of 0.85. Landstar System has a 1 year low of $119.32 and a 1 year high of $179.74. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 2.01.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Tuesday, October 28th. The transportation company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.02). The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. Landstar System had a return on equity of 17.24% and a net margin of 2.87%.The company’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.41 earnings per share. On average, equities research analysts predict that Landstar System will post 6.1 earnings per share for the current year.

Landstar System Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Tuesday, January 6th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a yield of 142.0%. Landstar System’s dividend payout ratio is 40.82%.

Landstar System Company Profile

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.