Landstar System, Inc. (NASDAQ:LSTR) Given Average Rating of "Reduce" by Analysts

Shares of Landstar System, Inc. (NASDAQ:LSTR - Get Free Report) have been given an average rating of "Reduce" by the fifteen analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and fourteen have given a hold recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $150.38.

Several research analysts recently weighed in on the stock. TD Cowen dropped their target price on shares of Landstar System from $161.00 to $145.00 and set a "hold" rating for the company in a report on Thursday, April 3rd. Benchmark reaffirmed a "hold" rating on shares of Landstar System in a report on Monday, April 14th. JPMorgan Chase & Co. dropped their target price on shares of Landstar System from $177.00 to $147.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Stifel Nicolaus dropped their target price on shares of Landstar System from $147.00 to $140.00 and set a "hold" rating for the company in a report on Wednesday, May 14th. Finally, Evercore ISI dropped their target price on shares of Landstar System from $137.00 to $136.00 and set an "in-line" rating for the company in a report on Wednesday, May 14th.

Landstar System Price Performance

Shares of LSTR opened at $139.44 on Friday. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.07. The firm has a market cap of $4.87 billion, a PE ratio of 27.61 and a beta of 0.88. Landstar System has a 1-year low of $128.99 and a 1-year high of $196.86. The firm has a fifty day simple moving average of $138.35 and a two-hundred day simple moving average of $152.54.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The transportation company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.07). The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.13 billion. Landstar System had a return on equity of 18.23% and a net margin of 3.72%. The company's revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the company earned $1.32 earnings per share. On average, equities analysts anticipate that Landstar System will post 6.1 EPS for the current year.

Landstar System Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Thursday, June 5th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, June 5th. This is an increase from Landstar System's previous quarterly dividend of $0.36. Landstar System's dividend payout ratio is 31.68%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LSTR. Alpine Bank Wealth Management bought a new position in shares of Landstar System during the 1st quarter valued at about $25,000. HM Payson & Co. purchased a new stake in shares of Landstar System during the 4th quarter valued at about $26,000. Colonial Trust Co SC raised its position in shares of Landstar System by 61.7% during the 4th quarter. Colonial Trust Co SC now owns 186 shares of the transportation company's stock valued at $32,000 after buying an additional 71 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Landstar System by 132.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company's stock valued at $37,000 after buying an additional 142 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its position in shares of Landstar System by 106.2% during the 1st quarter. Golden State Wealth Management LLC now owns 299 shares of the transportation company's stock valued at $45,000 after buying an additional 154 shares in the last quarter. Institutional investors own 97.95% of the company's stock.

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.

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