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

Shares of Landstar System, Inc. (NASDAQ:LSTR - Get Free Report) have earned a consensus rating of "Reduce" from the fourteen analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $150.42.

A number of equities research analysts have commented on LSTR shares. TD Cowen decreased their price objective on shares of Landstar System from $161.00 to $145.00 and set a "hold" rating on the stock in a report on Thursday, April 3rd. Benchmark reissued a "hold" rating on shares of Landstar System in a research note on Monday, April 14th. Wall Street Zen cut shares of Landstar System from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. UBS Group set a $154.00 price objective on Landstar System in a report on Wednesday, May 14th. Finally, Susquehanna lowered their target price on Landstar System from $130.00 to $120.00 and set a "neutral" rating for the company in a research note on Monday, April 7th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its position in shares of Landstar System by 120.7% during the fourth quarter. Ameriprise Financial Inc. now owns 165,297 shares of the transportation company's stock worth $28,408,000 after purchasing an additional 90,391 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in Landstar System by 14.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 5,392 shares of the transportation company's stock worth $927,000 after buying an additional 665 shares during the period. Boston Trust Walden Corp raised its stake in Landstar System by 21.1% during the 4th quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company's stock worth $47,695,000 after buying an additional 48,312 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in Landstar System by 11.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,935 shares of the transportation company's stock worth $504,000 after acquiring an additional 300 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in Landstar System by 26.6% in the fourth quarter. Van ECK Associates Corp now owns 31,836 shares of the transportation company's stock valued at $5,471,000 after acquiring an additional 6,680 shares during the period. Institutional investors and hedge funds own 97.95% of the company's stock.

Landstar System Price Performance

Shares of NASDAQ:LSTR traded down $1.39 during trading on Wednesday, reaching $140.01. The stock had a trading volume of 327,411 shares, compared to its average volume of 299,087. The stock has a market capitalization of $4.89 billion, a PE ratio of 25.36 and a beta of 0.92. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. Landstar System has a 52 week low of $128.99 and a 52 week high of $196.86. The business's 50-day moving average price is $138.61 and its 200 day moving average price is $158.10.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The transportation company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.07). The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.13 billion. Landstar System had a net margin of 4.07% and a return on equity of 19.56%. The company's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.32 EPS. As a group, equities analysts predict that Landstar System will post 6.1 earnings per share for the current year.

Landstar System Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Thursday, June 5th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.14%. This is an increase from Landstar System's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, June 5th. Landstar System's dividend payout ratio (DPR) is currently 31.68%.

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.