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

Shares of Landstar System, Inc. (NASDAQ:LSTR) have earned a consensus rating of “Reduce” from the fifteen research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $150.38.

A number of analysts recently weighed in on LSTR shares. Evercore ISI reduced their price objective on shares of Landstar System from $137.00 to $136.00 and set an “in-line” rating on the stock in a research report on Wednesday, May 14th. Truist Financial reduced their price objective on shares of Landstar System from $150.00 to $135.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th. TD Cowen reduced their price objective on shares of Landstar System from $161.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, April 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Landstar System from $177.00 to $147.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Finally, Stifel Nicolaus reduced their price objective on shares of Landstar System from $147.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, May 14th.

Landstar System Stock Up 1.5%

Shares of NASDAQ LSTR opened at $139.44 on Friday. The firm’s 50-day moving average price is $138.35 and its 200-day moving average price is $152.54. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 27.61 and a beta of 0.88. Landstar System has a 12-month low of $128.99 and a 12-month high of $196.86.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Tuesday, May 13th. The transportation company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.07). The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Landstar System had a net margin of 3.72% and a return on equity of 18.23%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.32 earnings per share. On average, equities research analysts anticipate that Landstar System will post 6.1 EPS for the current fiscal year.

Landstar System Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Thursday, June 5th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, June 5th. This is a positive change from Landstar System’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.15%. Landstar System’s dividend payout ratio (DPR) is 31.68%.

Hedge Funds Weigh In On Landstar System

Institutional investors have recently modified their holdings of the stock. HM Payson & Co. purchased a new position in shares of Landstar System during the fourth quarter worth approximately $26,000. Alpine Bank Wealth Management purchased a new position in shares of Landstar System during the first quarter worth approximately $25,000. Colonial Trust Co SC increased its position in shares of Landstar System by 61.7% during the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company’s stock worth $32,000 after acquiring an additional 71 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Landstar System by 132.7% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock worth $37,000 after acquiring an additional 142 shares during the period. Finally, Golden State Wealth Management LLC increased its position in shares of Landstar System by 106.2% during the first quarter. Golden State Wealth Management LLC now owns 299 shares of the transportation company’s stock worth $45,000 after acquiring an additional 154 shares during the period. 97.95% of the stock is owned by hedge funds and other institutional investors.

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.