Landstar System, Inc. (NASDAQ:LSTR) Stock Now Rated "Hold" by Sell-Side Analysts

Key Points

• Analysts rate Landstar System “Hold” overall: Of 17 analysts, 11 recommend holding, while two rate it a sell, three a buy, and one a strong buy. The average 12-month price target is $191.14.
• Quarterly results were mixed: Landstar reported $1.44 in earnings per share, below the $1.49 consensus estimate, but revenue rose 18.2% year over year to $1.43 billion, exceeding expectations.
• The company increased its dividend: The quarterly payout rose from $0.40 to $0.44 per share, equating to an annualized dividend of $1.76 and a 1.0% yield.

Landstar System, Inc. (NASDAQ:LSTR - Get Free Report) has been given a consensus rating of "Hold" by the seventeen ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $191.14.

Several equities research analysts have commented on the stock. Robert W. Baird lowered their target price on shares of Landstar System from $225.00 to $215.00 and set an "outperform" rating for the company in a research note on Wednesday, July 29th. Truist Financial reduced their price target on shares of Landstar System from $185.00 to $175.00 and set a "hold" rating on the stock in a research report on Wednesday, October 7th. Wells Fargo & Company decreased their price target on shares of Landstar System from $240.00 to $225.00 and set an "overweight" rating for the company in a report on Tuesday, October 6th. Stephens upgraded shares of Landstar System to a "strong-buy" rating in a research report on Wednesday, July 8th. Finally, Stifel Nicolaus lifted their target price on Landstar System from $186.00 to $197.00 and gave the stock a "hold" rating in a report on Wednesday, July 29th.

Landstar System Price Performance

Landstar System stock opened at $171.65 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $5.83 billion, a P/E ratio of 44.47 and a beta of 0.90. The business has a 50-day moving average of $174.92 and a 200-day moving average of $186.52. Landstar System has a 1 year low of $121.11 and a 1 year high of $228.46.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The transportation company reported $1.44 earnings per share for the quarter, missing analysts' consensus estimates 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 quarter in the prior year, the business earned $1.20 earnings per share. The business's revenue was up 18.2% on a year-over-year basis. On average, equities analysts anticipate that Landstar System will post 5.87 EPS for the current year.

Landstar System Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Tuesday, August 18th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. This is an increase from Landstar System's previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, August 18th. Landstar System's dividend payout ratio is currently 45.60%.

Institutional Investors Weigh In On Landstar System

A number of hedge funds have recently modified their holdings of LSTR. Elevation Wealth Partners LLC grew its position in shares of Landstar System by 41.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 224 shares of the transportation company's stock valued at $46,000 after purchasing an additional 66 shares during the period. First Citizens Bank & Trust Co. increased its stake in Landstar System by 1.5% during the 1st quarter. First Citizens Bank & Trust Co. now owns 4,710 shares of the transportation company's stock worth $755,000 after purchasing an additional 68 shares in the last quarter. Petros Family Wealth LLC raised its holdings in Landstar System by 4.9% during the 1st quarter. Petros Family Wealth LLC now owns 1,548 shares of the transportation company's stock worth $248,000 after buying an additional 73 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in Landstar System by 1.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 6,987 shares of the transportation company's stock worth $1,120,000 after buying an additional 91 shares during the period. Finally, State of Michigan Retirement System lifted its stake in Landstar System by 1.2% in the first quarter. State of Michigan Retirement System now owns 8,170 shares of the transportation company's stock valued at $1,310,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 97.95% of the company's stock.

Landstar System Company Profile

Landstar System, Inc is a transportation and logistics company that provides asset-light freight transportation services through a network of independent agents, third-party capacity providers and company employees. The company coordinates the movement of freight for customers across a range of industries, matching shipments with available transportation resources.

Landstar's services include truckload transportation, expedited and time-critical delivery, less-than-truckload shipping, heavy-haul and specialized transport, and freight brokerage.

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