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

Shares of Landstar System, Inc. (NASDAQ:LSTR) have received an average rating of “Reduce” from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and twelve have issued a hold recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $174.25.

Several equities research analysts have recently weighed in on the company. Evercore ISI reduced their price objective on Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a research report on Wednesday, October 30th. Raymond James downgraded shares of Landstar System from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. The Goldman Sachs Group dropped their price objective on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating on the stock in a report on Wednesday, October 9th. JPMorgan Chase & Co. increased their target price on shares of Landstar System from $184.00 to $188.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Stephens lowered their price target on Landstar System from $190.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th.

Landstar System Price Performance

NASDAQ LSTR opened at $185.27 on Wednesday. Landstar System has a 1 year low of $165.39 and a 1 year high of $201.40. The company has a fifty day simple moving average of $184.61 and a 200 day simple moving average of $184.01. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.04. The company has a market cap of $6.55 billion, a P/E ratio of 31.78 and a beta of 0.82.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Tuesday, October 29th. The transportation company reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). Landstar System had a return on equity of 20.68% and a net margin of 4.32%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the firm posted $1.71 earnings per share. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. On average, sell-side analysts predict that Landstar System will post 5.57 EPS for the current year.

Landstar System Increases Dividend

The company also recently announced a special dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, January 7th. This is a boost from Landstar System’s previous special dividend of $1.50. Landstar System’s payout ratio is 24.70%.

Insider Buying and Selling

In other news, CFO James P. Todd sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total transaction of $184,320.00. Following the sale, the chief financial officer now directly owns 14,083 shares of the company’s stock, valued at $2,595,778.56. This represents a 6.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. OneDigital Investment Advisors LLC increased its stake in shares of Landstar System by 1.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,678 shares of the transportation company’s stock valued at $883,000 after buying an additional 68 shares during the period. GAMMA Investing LLC boosted its holdings in Landstar System by 14.1% in the third quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock valued at $107,000 after acquiring an additional 70 shares during the last quarter. Equitable Trust Co. increased its position in Landstar System by 2.2% in the third quarter. Equitable Trust Co. now owns 3,250 shares of the transportation company’s stock worth $614,000 after purchasing an additional 71 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Landstar System by 2.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,974 shares of the transportation company’s stock worth $549,000 after purchasing an additional 74 shares during the last quarter. Finally, Caprock Group LLC lifted its position in Landstar System by 2.3% during the 3rd quarter. Caprock Group LLC now owns 3,378 shares of the transportation company’s stock valued at $638,000 after purchasing an additional 77 shares during the period. Institutional investors own 97.95% of the company’s stock.

About Landstar System

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.