Brokerages Set Landstar System, Inc. (NASDAQ:LSTR) PT at $150.38

Shares of Landstar System, Inc. (NASDAQ:LSTR - Get Free Report) have been assigned a consensus recommendation of "Hold" from the seventeen brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $151.50.

A number of research analysts have weighed in on LSTR shares. Wall Street Zen upgraded shares of Landstar System from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. TD Cowen lowered their price objective on Landstar System from $161.00 to $145.00 and set a "hold" rating for the company in a research report on Thursday, April 3rd. Jefferies Financial Group lowered their price objective on shares of Landstar System from $170.00 to $150.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Baird R W raised Landstar System to a "strong-buy" rating in a report on Tuesday. Finally, UBS Group set a $154.00 price target on Landstar System in a research report on Wednesday, May 14th.

Landstar System Stock Performance

NASDAQ:LSTR traded up $1.20 during mid-day trading on Friday, hitting $146.46. 133,217 shares of the company traded hands, compared to its average volume of 302,473. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.07. The stock's fifty day moving average price is $138.58 and its 200-day moving average price is $151.93. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 29.00 and a beta of 0.88. Landstar System has a one year low of $128.99 and a one year high of $196.86.

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

Landstar System Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Thursday, June 5th were paid a dividend of $0.40 per share. This is an increase from Landstar System's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Thursday, June 5th. Landstar System's dividend payout ratio is presently 31.68%.

Hedge Funds Weigh In On Landstar System

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Voya Investment Management LLC boosted its holdings in Landstar System by 4.4% in the first quarter. Voya Investment Management LLC now owns 5,193 shares of the transportation company's stock valued at $780,000 after purchasing an additional 219 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Landstar System by 132.7% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company's stock worth $37,000 after buying an additional 142 shares in the last quarter. Focus Partners Wealth increased its stake in shares of Landstar System by 1.7% during the first quarter. Focus Partners Wealth now owns 51,365 shares of the transportation company's stock worth $7,715,000 after buying an additional 875 shares during the period. Bayforest Capital Ltd lifted its stake in Landstar System by 2,700.0% in the first quarter. Bayforest Capital Ltd now owns 2,632 shares of the transportation company's stock worth $395,000 after acquiring an additional 2,538 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Landstar System by 13.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,341 shares of the transportation company's stock valued at $21,380,000 after purchasing an additional 16,698 shares during the last quarter. Hedge funds and other 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.