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

Shares of Landstar System, Inc. (NASDAQ:LSTR) have received an average recommendation of “Hold” from the seventeen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $149.25.

Several equities analysts recently commented on the company. Morgan Stanley boosted their target price on Landstar System from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Monday, December 8th. Wall Street Zen upgraded Landstar System from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Susquehanna boosted their price objective on Landstar System from $110.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Zacks Research raised shares of Landstar System from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Barclays dropped their target price on shares of Landstar System from $135.00 to $130.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th.

Hedge Funds Weigh In On Landstar System

Several institutional investors have recently modified their holdings of LSTR. Boston Partners raised its stake in shares of Landstar System by 24.1% during the third quarter. Boston Partners now owns 1,761,526 shares of the transportation company’s stock worth $216,242,000 after acquiring an additional 341,808 shares in the last quarter. Rivulet Capital LLC bought a new position in shares of Landstar System during the 3rd quarter valued at $36,645,000. Norges Bank bought a new position in shares of Landstar System during the 2nd quarter valued at $40,190,000. Fenimore Asset Management Inc raised its position in Landstar System by 231.3% in the 3rd quarter. Fenimore Asset Management Inc now owns 341,130 shares of the transportation company’s stock worth $41,809,000 after purchasing an additional 238,173 shares during the period. Finally, First Trust Advisors LP lifted its stake in Landstar System by 31.8% in the third quarter. First Trust Advisors LP now owns 964,297 shares of the transportation company’s stock worth $118,184,000 after purchasing an additional 232,682 shares during the last quarter. 97.95% of the stock is currently owned by institutional investors.

Landstar System Stock Performance

Landstar System stock opened at $154.50 on Thursday. Landstar System has a 1-year low of $119.32 and a 1-year high of $179.74. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $5.31 billion, a PE ratio of 39.41 and a beta of 0.84. The firm’s 50 day simple moving average is $138.46 and its 200 day simple moving average is $133.96.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.02). The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Landstar System had a net margin of 2.87% and a return on equity of 17.24%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the firm earned $1.41 earnings per share. As a group, analysts expect that Landstar System will post 6.1 earnings per share for the current fiscal year.

Landstar System Announces Dividend

The company also recently announced an annual dividend, which will be paid on Wednesday, January 21st. Investors of record on Tuesday, January 6th will be paid a $2.00 dividend. This represents a yield of 134.0%. The ex-dividend date of this dividend is Tuesday, January 6th. Landstar System’s dividend payout ratio is currently 40.82%.

About Landstar System

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.