Landstar System (NASDAQ:LSTR) Trading Down 2.9%

Landstar System, Inc. (NASDAQ:LSTR)’s share price was down 2.9% during trading on Wednesday . The stock traded as low as $167.66 and last traded at $169.07. Approximately 37,112 shares changed hands during trading, a decline of 86% from the average daily volume of 263,626 shares. The stock had previously closed at $174.13.

Analyst Ratings Changes

Several analysts recently commented on LSTR shares. Wells Fargo & Company boosted their price target on Landstar System from $165.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. Susquehanna decreased their price objective on shares of Landstar System from $170.00 to $165.00 and set a “neutral” rating on the stock in a research note on Monday, March 25th. UBS Group lifted their target price on shares of Landstar System from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Wolfe Research upgraded Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 price target on the stock in a research report on Wednesday, January 10th. Finally, Stifel Nicolaus cut their price objective on Landstar System from $171.00 to $166.00 and set a “hold” rating for the company in a research report on Friday, February 2nd. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $184.55.

Landstar System Price Performance

The stock has a 50-day simple moving average of $187.26 and a 200 day simple moving average of $183.69. The stock has a market capitalization of $5.98 billion, a P/E ratio of 22.73, a price-to-earnings-growth ratio of 4.43 and a beta of 0.83. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.00 and a current ratio of 2.00.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results on Wednesday, January 31st. The transportation company reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.01). The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.25 billion. Landstar System had a net margin of 4.99% and a return on equity of 26.73%. On average, equities analysts forecast that Landstar System, Inc. will post 6.71 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Monday, February 12th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Friday, February 9th. Landstar System’s dividend payout ratio (DPR) is 17.96%.

Insider Buying and Selling at Landstar System

In other news, VP Michael K. Kneller sold 12,219 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $190.30, for a total value of $2,325,275.70. Following the transaction, the vice president now directly owns 61,127 shares in the company, valued at approximately $11,632,468.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Trading of Landstar System

A number of institutional investors and hedge funds have recently modified their holdings of LSTR. Mather Group LLC. bought a new position in Landstar System during the 1st quarter worth approximately $27,000. SRS Capital Advisors Inc. grew its holdings in shares of Landstar System by 209.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 192 shares of the transportation company’s stock valued at $37,000 after buying an additional 130 shares during the period. BOKF NA bought a new stake in shares of Landstar System in the 4th quarter valued at $40,000. Montag A & Associates Inc. acquired a new stake in Landstar System during the 4th quarter worth $48,000. Finally, Larson Financial Group LLC bought a new position in Landstar System during the third quarter worth about $49,000. 97.95% of the stock is owned by institutional investors.

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.