Landstar System, Inc. (NASDAQ:LSTR) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Landstar System has a consensus “Hold” rating from 17 analysts: 11 holds, two sells, three buys and one strong buy. The average 12-month price target is $196, above the reported share price of $170.32.
• In its latest quarter, Landstar reported $1.43 billion in revenue, up 18.2% year over year and ahead of estimates, but EPS of $1.44 narrowly missed the $1.49 consensus forecast.
• The company increased its quarterly dividend to $0.44 per share, or $1.76 annualized, representing a 1.0% yield; institutional investors own approximately 97.95% of outstanding shares.

Landstar System, Inc. (NASDAQ:LSTR - Get Free Report) has received an average rating of "Hold" from the seventeen research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $196.00.

LSTR has been the topic of a number of research reports. TD Cowen dropped their price target on Landstar System from $182.00 to $178.00 and set a "hold" rating on the stock in a research report on Tuesday, July 28th. Barclays boosted their price objective on Landstar System from $155.00 to $190.00 and gave the company an "equal weight" rating in a research report on Thursday, June 25th. The Goldman Sachs Group increased their target price on Landstar System from $147.00 to $168.00 and gave the stock a "sell" rating in a research report on Thursday, July 16th. Stifel Nicolaus raised their target price on Landstar System from $186.00 to $197.00 and gave the company a "hold" rating in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Landstar System from $198.00 to $204.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th.

Landstar System Price Performance

LSTR opened at $170.32 on Tuesday. Landstar System has a 52-week low of $119.32 and a 52-week high of $228.46. The company has a 50 day moving average of $184.47 and a two-hundred day moving average of $184.57. The company has a market cap of $5.78 billion, a P/E ratio of 44.12 and a beta of 0.90. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.05.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.05). Landstar System had a net margin of 2.64% and a return on equity of 20.84%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the business earned $1.20 EPS. The firm's revenue was up 18.2% compared to the same quarter last year. On average, analysts expect that Landstar System will post 5.84 earnings per share for the current year.

Landstar System Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Tuesday, August 18th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, August 18th. This is a positive change from Landstar System's previous quarterly dividend of $0.40. Landstar System's dividend payout ratio (DPR) is presently 45.60%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Landstar System in the 2nd quarter valued at about $35,000. Trust Co. of Vermont bought a new stake in shares of Landstar System during the 2nd quarter worth about $41,000. Elevation Wealth Partners LLC raised its position in shares of Landstar System by 41.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 224 shares of the transportation company's stock worth $46,000 after buying an additional 66 shares in the last quarter. Essential Partners LLC lifted its stake in shares of Landstar System by 58.3% in the 1st quarter. Essential Partners LLC now owns 277 shares of the transportation company's stock worth $44,000 after acquiring an additional 102 shares during the period. Finally, Westpac Banking Corp acquired a new stake in shares of Landstar System in the 2nd quarter worth approximately $65,000. Institutional investors own 97.95% of the company's stock.

About Landstar System

Landstar System, Inc is a transportation services company that provides integrated logistics solutions primarily through an asset-light network of independent freight agents and third-party capacity providers. The company's operations connect shippers with transportation services without relying primarily on a company-owned fleet of trucks.

Landstar arranges a broad range of freight transportation, including truckload, less-than-truckload, expedited, heavy-haul and specialized shipments.

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