Landstar System, Inc. (NASDAQ:LSTR) Receives $174.25 Average Price Target from Brokerages

Shares of Landstar System, Inc. (NASDAQ:LSTR) have earned a consensus recommendation of “Reduce” from the thirteen research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating and twelve have given a hold rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $171.45.

Several research firms have weighed in on LSTR. Stephens lowered their price target on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. Susquehanna lowered their target price on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Raymond James lowered Landstar System from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. UBS Group boosted their price objective on Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, TD Cowen cut their target price on shares of Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th.

Insiders Place Their Bets

In related news, CFO James P. Todd sold 1,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total value of $184,320.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quest Partners LLC bought a new stake in shares of Landstar System during the second quarter valued at approximately $73,000. Whittier Trust Co. of Nevada Inc. lifted its position in Landstar System by 431.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock valued at $83,000 after buying an additional 358 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Landstar System by 14.1% during the 3rd quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock valued at $107,000 after buying an additional 70 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Landstar System in the 2nd quarter worth about $106,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Landstar System in the 2nd quarter worth about $131,000. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Landstar System Price Performance

Shares of Landstar System stock opened at $167.89 on Friday. The firm has a market capitalization of $5.93 billion, a PE ratio of 28.80 and a beta of 0.83. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.04. Landstar System has a 12 month low of $165.39 and a 12 month high of $200.43. The business’s 50-day moving average price is $180.91 and its 200-day moving average price is $183.05.

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

Landstar System Increases Dividend

The business also recently disclosed a special dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be given a dividend of $2.00 per share. This is an increase from Landstar System’s previous special dividend of $1.50. The ex-dividend date of this dividend is Tuesday, January 7th. Landstar System’s payout ratio is presently 24.70%.

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.