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

Landstar System, Inc. (NASDAQ:LSTR) has been assigned a consensus rating of “Reduce” from the thirteen ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $171.45.

Several equities research analysts recently commented on the company. UBS Group raised their target price on Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. The Goldman Sachs Group dropped their price objective on 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. lifted their price objective on Landstar System from $184.00 to $188.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Evercore ISI dropped their price objective on Landstar System from $165.00 to $160.00 and set an “in-line” rating on the stock in a report on Wednesday, October 30th. Finally, TD Cowen dropped their price objective on Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th.

Landstar System Stock Performance

NASDAQ LSTR opened at $165.68 on Friday. The firm has a market capitalization of $5.85 billion, a P/E ratio of 28.42 and a beta of 0.83. Landstar System has a 1-year low of $165.31 and a 1-year high of $200.43. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.21 and a quick ratio of 2.21. The business’s 50-day simple moving average is $180.53 and its 200-day simple moving average is $182.81.

Landstar System (NASDAQ:LSTR) last announced its 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 for the quarter, compared to analysts’ expectations of $1.22 billion. Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.71 earnings per share. Equities analysts predict that Landstar System will post 5.57 EPS for the current year.

Landstar System Increases Dividend

The business also recently declared a special dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be given a $2.00 dividend. This is a positive change from Landstar System’s previous special dividend of $1.50. The ex-dividend date of this dividend is Tuesday, January 7th. Landstar System’s dividend payout ratio (DPR) is currently 24.70%.

Insiders Place Their Bets

In other news, CFO James P. Todd sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $184.32, for a total transaction of $184,320.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Landstar System

Several institutional investors have recently made changes to their positions in the stock. Verition Fund Management LLC raised its position in Landstar System by 28.1% during the third quarter. Verition Fund Management LLC now owns 59,005 shares of the transportation company’s stock valued at $11,144,000 after purchasing an additional 12,931 shares in the last quarter. ING Groep NV acquired a new stake in Landstar System in the third quarter valued at $1,228,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in Landstar System by 419.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,682 shares of the transportation company’s stock valued at $695,000 after purchasing an additional 2,973 shares during the period. Thrivent Financial for Lutherans increased its holdings in Landstar System by 3,775.2% in the third quarter. Thrivent Financial for Lutherans now owns 334,853 shares of the transportation company’s stock valued at $63,243,000 after purchasing an additional 326,212 shares during the period. Finally, FMR LLC increased its holdings in Landstar System by 8.6% in the third quarter. FMR LLC now owns 162,222 shares of the transportation company’s stock valued at $30,639,000 after purchasing an additional 12,894 shares during the period. 97.95% of the stock is currently owned by institutional investors.

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.