Landstar System, Inc. (NASDAQ:LSTR) Receives $145.17 Average Price Target from Brokerages

Key Points

• Landstar System, Inc. has received a consensus recommendation of "Hold" from sixteen ratings firms, with one sell, thirteen hold, one buy, and one strong buy rating.
• The company's recent quarterly earnings reported $1.20 EPS, exceeding expectations and indicating a 1.1% year-over-year revenue decline with a net margin of 3.51%.
• Landstar System declared a quarterly dividend of $0.40, representing an annualized dividend yield of 1.2% and a payout ratio of 33.54%.

Landstar System, Inc. (NASDAQ:LSTR - Get Free Report) has received an average rating of "Hold" from the sixteen analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $145.1667.

LSTR has been the topic of several recent research reports. Evercore ISI dropped their price objective on shares of Landstar System from $135.00 to $132.00 and set an "in-line" rating on the stock in a report on Wednesday, July 30th. Baird R W raised shares of Landstar System to a "strong-buy" rating in a report on Tuesday, July 1st. Barclays began coverage on shares of Landstar System in a report on Monday, June 9th. They issued an "equal weight" rating and a $145.00 price target on the stock. Stifel Nicolaus lowered their price target on shares of Landstar System from $140.00 to $131.00 and set a "hold" rating on the stock in a report on Thursday, July 31st. Finally, Wall Street Zen raised shares of Landstar System from a "sell" rating to a "hold" rating in a report on Saturday.

Landstar System Stock Performance

NASDAQ LSTR traded down $5.62 during trading on Friday, hitting $125.59. 371,547 shares of the company's stock traded hands, compared to its average volume of 344,936. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 26.33 and a beta of 0.84. Landstar System has a 12-month low of $123.43 and a 12-month high of $196.86. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.00 and a current ratio of 2.00. The business has a 50 day moving average of $133.17 and a 200-day moving average of $138.90.

Landstar System (NASDAQ:LSTR - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.16 by $0.04. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. Landstar System had a net margin of 3.51% and a return on equity of 17.49%. The company's revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.48 earnings per share. As a group, equities research analysts anticipate that Landstar System will post 6.1 earnings per share for the current fiscal year.

Landstar System Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Tuesday, August 19th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, August 19th. Landstar System's dividend payout ratio is presently 33.54%.

Hedge Funds Weigh In On Landstar System

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alpine Bank Wealth Management purchased a new position in Landstar System during the first quarter worth about $25,000. MAI Capital Management increased its position in shares of Landstar System by 79.3% in the second quarter. MAI Capital Management now owns 242 shares of the transportation company's stock worth $34,000 after purchasing an additional 107 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Landstar System by 132.7% in the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company's stock worth $37,000 after purchasing an additional 142 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Landstar System by 118.8% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 280 shares of the transportation company's stock worth $39,000 after purchasing an additional 152 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its position in shares of Landstar System by 7,650.0% in the second quarter. Hantz Financial Services Inc. now owns 310 shares of the transportation company's stock worth $43,000 after purchasing an additional 306 shares during the last quarter. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

About Landstar System

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.