Landstar System, Inc. (NASDAQ:LSTR) Given Consensus Recommendation of "Hold" by 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%.

Shares of Landstar System, Inc. (NASDAQ:LSTR - Get Free Report) have been given a consensus recommendation of "Hold" by the sixteen ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $145.1667.

Several research analysts have issued reports on the stock. Barclays assumed coverage on shares of Landstar System in a research report on Monday, June 9th. They issued an "equal weight" rating and a $145.00 price target on the stock. TD Cowen decreased their price target on shares of Landstar System from $141.00 to $135.00 and set a "hold" rating on the stock in a research report on Wednesday, July 30th. Zacks Research upgraded shares of Landstar System from a "strong sell" rating to a "hold" rating in a research report on Monday. UBS Group decreased their price target on shares of Landstar System from $154.00 to $149.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 30th. Finally, Baird R W upgraded shares of Landstar System to a "strong-buy" rating in a research report on Tuesday, July 1st.

Landstar System Price Performance

NASDAQ LSTR opened at $132.43 on Friday. 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 current ratio of 2.00 and a quick ratio of 2.00. The firm has a market capitalization of $4.59 billion, a PE ratio of 27.76 and a beta of 0.84. The company's 50 day simple moving average is $134.37 and its 200 day simple moving average is $139.70.

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

Landstar System Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Tuesday, August 19th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. Landstar System's dividend payout ratio (DPR) is currently 33.54%.

Institutional Investors Weigh In On Landstar System

Institutional investors have recently modified their holdings of the stock. Alpine Bank Wealth Management bought a new position in shares of Landstar System during the 1st quarter valued at $25,000. MAI Capital Management raised its holdings in shares of Landstar System by 79.3% during the 2nd quarter. MAI Capital Management now owns 242 shares of the transportation company's stock valued at $34,000 after purchasing an additional 107 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings 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 purchasing an additional 142 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Landstar System by 118.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 280 shares of the transportation company's stock valued at $39,000 after purchasing an additional 152 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its holdings 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 purchasing an additional 154 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 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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