Landstar System (LSTR) Given “Buy” Rating at Stephens

Stephens restated their buy rating on shares of Landstar System (NASDAQ:LSTR) in a report published on Monday morning. Stephens currently has a $143.00 target price on the transportation company’s stock.

Several other research analysts have also recently issued reports on the company. Morgan Stanley increased their price objective on Landstar System from $75.00 to $94.00 and gave the stock an underweight rating in a research report on Monday, February 26th. Zacks Investment Research cut Landstar System from a buy rating to a hold rating in a research report on Friday, January 12th. Robert W. Baird reiterated a hold rating and issued a $105.00 price objective on shares of Landstar System in a research report on Tuesday, January 9th. Buckingham Research increased their price objective on Landstar System from $114.00 to $126.00 and gave the stock a neutral rating in a research report on Friday, February 2nd. Finally, BidaskClub cut Landstar System from a strong-buy rating to a buy rating in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Landstar System has a consensus rating of Buy and an average target price of $113.08.

Shares of NASDAQ LSTR opened at $106.10 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.75 and a quick ratio of 1.75. Landstar System has a 1-year low of $80.00 and a 1-year high of $118.60. The firm has a market cap of $4,407.00, a P/E ratio of 28.29, a P/E/G ratio of 1.42 and a beta of 0.79.



Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, January 31st. The transportation company reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.06. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. Landstar System had a return on equity of 25.30% and a net margin of 4.86%. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period last year, the company earned $0.94 earnings per share. sell-side analysts predict that Landstar System will post 5.47 earnings per share for the current fiscal year.

Landstar System declared that its Board of Directors has authorized a share repurchase plan on Wednesday, December 13th that permits the company to repurchase 1,960,000 shares. This repurchase authorization permits the transportation company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

The company also recently declared a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Monday, February 19th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.57%. This is a boost from Landstar System’s previous quarterly dividend of $0.10. Landstar System’s dividend payout ratio (DPR) is currently 16.00%.

Several hedge funds have recently made changes to their positions in the company. TrimTabs Asset Management LLC increased its position in shares of Landstar System by 17.1% in the third quarter. TrimTabs Asset Management LLC now owns 3,794 shares of the transportation company’s stock valued at $378,000 after buying an additional 555 shares in the last quarter. Aperio Group LLC increased its position in shares of Landstar System by 1.5% in the fourth quarter. Aperio Group LLC now owns 36,905 shares of the transportation company’s stock valued at $3,842,000 after buying an additional 562 shares in the last quarter. Flinton Capital Management LLC increased its position in shares of Landstar System by 15.6% in the fourth quarter. Flinton Capital Management LLC now owns 4,564 shares of the transportation company’s stock valued at $475,000 after buying an additional 616 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Landstar System by 40.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,563 shares of the transportation company’s stock valued at $267,000 after buying an additional 739 shares in the last quarter. Finally, BB&T Securities LLC increased its position in shares of Landstar System by 5.0% in the fourth quarter. BB&T Securities LLC now owns 17,567 shares of the transportation company’s stock valued at $1,828,000 after buying an additional 832 shares in the last quarter. Institutional investors and hedge funds own 99.87% of the company’s stock.

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Landstar System Company Profile

Landstar System, Inc (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs.

Analyst Recommendations for Landstar System (NASDAQ:LSTR)

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