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

Shares of Landstar System, Inc. (NASDAQ:LSTR) have been assigned an average recommendation of “Hold” from the fifteen brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $153.00.

Several equities research analysts have commented on the company. Stifel Nicolaus boosted their target price on Landstar System from $140.00 to $147.00 and gave the company a “hold” rating in a research note on Wednesday, January 14th. JPMorgan Chase & Co. lifted their price objective on shares of Landstar System from $134.00 to $162.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Truist Financial cut their price objective on shares of Landstar System from $150.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, January 29th. Wall Street Zen upgraded shares of Landstar System from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Finally, Robert W. Baird set a $164.00 target price on shares of Landstar System in a research report on Friday, January 30th.

Landstar System Stock Up 0.3%

LSTR stock opened at $156.96 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market capitalization of $5.33 billion, a P/E ratio of 47.42 and a beta of 0.81. Landstar System has a fifty-two week low of $119.32 and a fifty-two week high of $166.11. The business has a 50-day moving average of $153.33 and a 200-day moving average of $140.78.

Landstar System Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 18th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Wednesday, February 18th. Landstar System’s dividend payout ratio is currently 48.34%.

Institutional Trading of Landstar System

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. M&T Bank Corp raised its holdings in Landstar System by 151,424.4% during the fourth quarter. M&T Bank Corp now owns 6,294,325 shares of the transportation company’s stock worth $904,495,000 after acquiring an additional 6,290,171 shares in the last quarter. Boston Partners grew its stake in Landstar System by 24.1% in the third quarter. Boston Partners now owns 1,761,526 shares of the transportation company’s stock valued at $216,242,000 after purchasing an additional 341,808 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Landstar System by 185.5% during the 4th quarter. AQR Capital Management LLC now owns 987,087 shares of the transportation company’s stock worth $141,844,000 after purchasing an additional 641,319 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Landstar System by 31.8% in the 3rd quarter. First Trust Advisors LP now owns 964,297 shares of the transportation company’s stock valued at $118,184,000 after buying an additional 232,682 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Landstar System by 2.9% in the third quarter. JPMorgan Chase & Co. now owns 746,506 shares of the transportation company’s stock valued at $91,492,000 after buying an additional 21,163 shares in the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

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.