Landstar System, Inc. (NASDAQ:LSTR) Stock Has Average Price Target of $182.33

Key Points

• Analyst sentiment is mostly neutral: Eighteen firms give Landstar an average “Hold” rating, with a 12-month average price target of $182.33. Several analysts recently lowered their targets.
• Quarterly results were mixed: Revenue rose 25.4% year over year to $1.51 billion, slightly above estimates, while EPS of $1.42 fell short of the $1.67 consensus.
• The CEO bought shares: Frank A. Lonegro purchased 5,000 shares for $714,600. Landstar also announced a quarterly dividend of $0.44 per share, equivalent to a 1.2% yield.

Landstar System, Inc. (NASDAQ:LSTR - Get Free Report) has been assigned an average rating of "Hold" from the eighteen ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $182.33.

LSTR has been the subject of several recent analyst reports. Robert W. Baird cut their price objective on shares of Landstar System from $215.00 to $195.00 and set an "outperform" rating for the company in a research report on Wednesday, October 28th. UBS Group decreased their target price on shares of Landstar System from $195.00 to $185.00 and set a "neutral" rating on the stock in a report on Wednesday, October 28th. Stephens dropped their target price on shares of Landstar System from $215.00 to $210.00 and set an "overweight" rating for the company in a research report on Wednesday, October 28th. Wells Fargo & Company reduced their price target on shares of Landstar System from $225.00 to $215.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 28th. Finally, Susquehanna lowered their price objective on shares of Landstar System from $190.00 to $160.00 and set a "neutral" rating for the company in a research report on Monday, November 2nd.

Insider Transactions at Landstar System

In related news, CEO Frank A. Lonegro acquired 5,000 shares of the company's stock in a transaction that occurred on Friday, October 30th. The stock was acquired at an average price of $142.92 per share, with a total value of $714,600.00. Following the purchase, the chief executive officer directly owned 28,110 shares in the company, valued at approximately $4,017,481.20. This trade represents a 21.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.74% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Landstar System

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Focus Advisor Solutions LLC lifted its stake in shares of Landstar System by 71.2% in the 3rd quarter. Focus Advisor Solutions LLC now owns 5,430 shares of the transportation company's stock valued at $916,000 after purchasing an additional 2,259 shares during the period. Edgestream Partners L.P. acquired a new stake in Landstar System in the third quarter worth $12,383,000. Intech Investment Management LLC acquired a new stake in Landstar System in the third quarter worth $781,000. Bessemer Group Inc. grew its holdings in Landstar System by 18.2% in the third quarter. Bessemer Group Inc. now owns 2,417 shares of the transportation company's stock worth $408,000 after purchasing an additional 372 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Landstar System by 8.4% in the third quarter. Russell Investments Group Ltd. now owns 217,940 shares of the transportation company's stock valued at $36,755,000 after purchasing an additional 16,892 shares in the last quarter. Institutional investors and hedge funds own 97.95% of the company's stock.

Landstar System Trading Down 0.5%

Shares of Landstar System stock opened at $145.71 on Wednesday. The firm has a 50-day moving average of $165.28 and a 200-day moving average of $176.28. The stock has a market cap of $4.91 billion, a PE ratio of 30.87 and a beta of 0.89. Landstar System has a 52-week low of $121.11 and a 52-week high of $228.46. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 1.79.

Landstar System (NASDAQ:LSTR - Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The transportation company reported $1.42 EPS for the quarter, missing analysts' consensus estimates of $1.67 by ($0.25). Landstar System had a return on equity of 23.89% and a net margin of 3.03%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the business posted $1.22 earnings per share. Landstar System's revenue was up 25.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Landstar System will post 5.97 EPS for the current year.

Landstar System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 8th. Investors of record on Tuesday, November 17th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Tuesday, November 17th. This represents a $1.76 annualized dividend and a yield of 1.2%. Landstar System's dividend payout ratio (DPR) is 37.29%.

Landstar System Company Profile

Landstar System, Inc. is a transportation and logistics company that arranges freight movement through an asset-light network of independent agents, business capacity owners, and third-party transportation providers. Rather than relying primarily on a company-owned fleet, Landstar connects customers with available transportation capacity and coordinates shipments through its network. The company offers truckload services, including van, flatbed, and specialized transportation, as well as less-than-truckload, expedited, and intermodal shipping.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.