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

Landstar System, Inc. (NASDAQ:LSTR) has been given an average recommendation of “Hold” by the fifteen research firms that are covering the firm, MarketBeat Ratings reports. Thirteen analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $153.00.

Several analysts have recently issued reports on the company. Barclays upped their price objective on Landstar System from $130.00 to $155.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. JPMorgan Chase & Co. upped their price target on shares of Landstar System from $134.00 to $162.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Weiss Ratings raised shares of Landstar System from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, February 26th. Stifel Nicolaus boosted their target price on shares of Landstar System from $140.00 to $147.00 and gave the stock a “hold” rating in a report on Wednesday, January 14th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Landstar System in a report on Friday, January 9th.

Institutional Trading of Landstar System

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. River Road Asset Management LLC purchased a new position in Landstar System during the fourth quarter worth $18,082,000. Virtu Financial LLC purchased a new stake in shares of Landstar System in the fourth quarter valued at $351,000. Corient Private Wealth LLC lifted its holdings in shares of Landstar System by 99.5% in the 4th quarter. Corient Private Wealth LLC now owns 742,215 shares of the transportation company’s stock worth $105,877,000 after acquiring an additional 370,253 shares during the last quarter. Alberta Investment Management Corp bought a new stake in shares of Landstar System in the 4th quarter worth about $1,552,000. Finally, First Citizens Bank & Trust Co. boosted its stake in shares of Landstar System by 11.2% during the 4th quarter. First Citizens Bank & Trust Co. now owns 4,642 shares of the transportation company’s stock worth $667,000 after purchasing an additional 467 shares during the period. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Landstar System Price Performance

NASDAQ:LSTR opened at $159.52 on Friday. The business’s 50-day moving average is $152.92 and its 200 day moving average is $138.34. Landstar System has a 12 month low of $119.32 and a 12 month high of $166.11. The company has a market capitalization of $5.43 billion, a P/E ratio of 48.19 and a beta of 0.82. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06.

Landstar System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 18th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, February 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. Landstar System’s payout ratio is 48.34%.

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.