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

Landstar System, Inc. (NASDAQ:LSTR - Get Free Report) has been assigned an average rating of "Hold" from the fifteen ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $151.31.

LSTR has been the topic of a number of recent analyst reports. Susquehanna reiterated a "neutral" rating and set a $125.00 price target (up previously from $120.00) on shares of Landstar System in a research report on Tuesday, June 24th. Robert W. Baird began coverage on Landstar System in a research report on Tuesday, July 1st. They set an "outperform" rating and a $166.00 price target on the stock. Benchmark restated a "hold" rating on shares of Landstar System in a research report on Monday, April 14th. UBS Group set a $154.00 price target on shares of Landstar System in a research report on Wednesday, May 14th. Finally, Evercore ISI reduced their price target on shares of Landstar System from $137.00 to $136.00 and set an "in-line" rating for the company in a research report on Wednesday, May 14th.

Hedge Funds Weigh In On Landstar System

A number of institutional investors have recently added to or reduced their stakes in LSTR. Envestnet Portfolio Solutions Inc. raised its position in Landstar System by 100.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,495 shares of the transportation company's stock valued at $903,000 after purchasing an additional 3,255 shares during the period. CWM LLC raised its position in Landstar System by 24.4% in the second quarter. CWM LLC now owns 1,285 shares of the transportation company's stock valued at $179,000 after purchasing an additional 252 shares during the period. Inspire Investing LLC raised its position in Landstar System by 22.2% in the second quarter. Inspire Investing LLC now owns 2,804 shares of the transportation company's stock valued at $390,000 after purchasing an additional 510 shares during the period. Callan Family Office LLC raised its position in Landstar System by 1,018.5% in the second quarter. Callan Family Office LLC now owns 37,939 shares of the transportation company's stock valued at $5,274,000 after purchasing an additional 34,547 shares during the period. Finally, KLP Kapitalforvaltning AS raised its position in Landstar System by 4.3% in the second quarter. KLP Kapitalforvaltning AS now owns 7,300 shares of the transportation company's stock valued at $1,015,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 97.95% of the company's stock.

Landstar System Stock Up 1.2%

NASDAQ:LSTR traded up $1.74 during mid-day trading on Thursday, hitting $142.64. 420,798 shares of the company's stock traded hands, compared to its average volume of 403,975. The company has a fifty day moving average of $139.83 and a 200 day moving average of $147.83. Landstar System has a twelve month low of $128.99 and a twelve month high of $196.86. The company has a market capitalization of $4.98 billion, a P/E ratio of 28.25 and a beta of 0.88. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.03 and a current ratio of 2.03.

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

Landstar System Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Thursday, June 5th were given a dividend of $0.40 per share. This is an increase from Landstar System's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 1.12%. Landstar System's dividend payout ratio (DPR) is presently 31.68%.

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.