Landstar System, Inc. (NASDAQ:LSTR) Receives Average Rating of "Hold" from Analysts

Key Points

• Landstar System, Inc. has received an average rating of "Hold" from analysts, with one sell rating, twelve hold ratings, one buy, and one strong buy rating among fifteen brokerages.
• The company reported earnings of $1.20 per share for the last quarter, surpassing estimates of $1.16, but its revenue fell by 1.1% compared to the previous year.
• Landstar System announced a quarterly dividend of $0.40 per share, with an annualized yield of 1.2%, and a payout ratio of 33.54%.

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

Several equities research analysts have recently weighed in on the stock. UBS Group lowered their target price on shares of Landstar System from $154.00 to $149.00 and set a "neutral" rating on the stock in a report on Wednesday, July 30th. Baird R W upgraded shares of Landstar System to a "strong-buy" rating in a research report on Tuesday, July 1st. Susquehanna set a $123.00 price target on shares of Landstar System and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Stifel Nicolaus reduced their price target on shares of Landstar System from $140.00 to $131.00 and set a "hold" rating on the stock in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. reduced their price target on shares of Landstar System from $139.00 to $138.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 8th.

Landstar System Stock Down 1.5%

LSTR opened at $129.11 on Monday. The firm's 50-day simple moving average is $137.45 and its 200-day simple moving average is $143.24. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.00 and a current ratio of 2.00. Landstar System has a twelve month low of $123.43 and a twelve month high of $196.86. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 27.07 and a beta of 0.86.

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

Landstar System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Shareholders of record on Tuesday, August 19th will be given a dividend of $0.40 per share. The ex-dividend date is 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 is presently 33.54%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Landstar System by 16.1% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,764,603 shares of the transportation company's stock valued at $646,985,000 after acquiring an additional 521,695 shares during the period. Norges Bank acquired a new stake in shares of Landstar System in the 2nd quarter valued at approximately $40,190,000. Reinhart Partners LLC. acquired a new stake in shares of Landstar System in the 1st quarter valued at approximately $42,887,000. Nuveen LLC acquired a new stake in shares of Landstar System in the 1st quarter valued at approximately $34,540,000. Finally, Clarkston Capital Partners LLC acquired a new stake in shares of Landstar System in the 2nd quarter valued at approximately $27,217,000. 97.95% of the stock is currently owned by institutional investors and hedge funds.

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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