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

Landstar System, Inc. (NASDAQ:LSTR) has been assigned a consensus recommendation of “Reduce” from the thirteen research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and twelve have assigned a hold recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $174.25.

Several research analysts have recently commented on the company. TD Cowen reduced their price target on Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. The Goldman Sachs Group reduced their target price on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. Raymond James cut shares of Landstar System from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Susquehanna cut 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. Finally, UBS Group raised their price objective on Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th.

Landstar System Stock Down 0.7 %

LSTR stock opened at $168.67 on Friday. 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 firm has a 50-day moving average of $181.34 and a two-hundred day moving average of $183.26. Landstar System has a 12 month low of $165.39 and a 12 month high of $200.43. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 28.93 and a beta of 0.83.

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

Landstar System Increases Dividend

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

Insiders Place Their Bets

In other Landstar System news, CFO James P. Todd sold 1,000 shares of the business’s 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 completion of the transaction, the chief financial officer now owns 14,083 shares in the company, valued at $2,595,778.56. The trade was a 6.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.00% of the company’s stock.

Institutional Trading of Landstar System

A number of hedge funds and other institutional investors have recently bought and sold shares of LSTR. Quest Partners LLC acquired a new position in shares of Landstar System during the 2nd quarter worth about $73,000. Whittier Trust Co. of Nevada Inc. lifted its stake 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 worth $83,000 after purchasing an additional 358 shares during the last quarter. Point72 DIFC Ltd acquired a new position in Landstar System in the second quarter valued at approximately $106,000. GAMMA Investing LLC increased its stake 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 purchasing an additional 70 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Landstar System during the second quarter worth approximately $131,000. 97.95% of the stock is currently owned by institutional investors and hedge funds.

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.