Landstar System (NASDAQ:LSTR) Reaches New 52-Week High - Should You Buy?

Key Points

• Reached a new 52-week high — LSTR traded as high as $175.25 (last $175.16) on volume of 38,497 shares, well above its 50-day ($156.31) and 200-day ($144.33) moving averages.
• Analysts remain cautious — the consensus rating is "Hold" with a $153.27 average price target after mixed notes (one Strong Buy, one Buy, 11 Holds, one Sell) and several target revisions.
• Solid fundamentals and heavy institutional ownership — market cap ≈ $5.9B, P/E ~52.6, debt-to-equity 0.06, pays a $0.40 quarterly dividend (≈0.9% yield), and institutions own about 97.95% of the shares with recent stake increases by Goldman Sachs and UBS.

Landstar System, Inc. (NASDAQ:LSTR - Get Free Report)'s stock price reached a new 52-week high on Friday . The company traded as high as $175.25 and last traded at $175.1550, with a volume of 38497 shares traded. The stock had previously closed at $171.45.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Truist Financial lowered their price target on shares of Landstar System from $150.00 to $145.00 and set a "hold" rating on the stock in a research note on Thursday, January 29th. Stifel Nicolaus upped their price target on shares of Landstar System from $145.00 to $147.00 and gave the stock a "hold" rating in a research note on Thursday, April 2nd. JPMorgan Chase & Co. lifted their price target on shares of Landstar System from $134.00 to $162.00 and gave the company a "neutral" rating in a research report on Monday, January 12th. Benchmark reiterated a "hold" rating on shares of Landstar System in a research report on Thursday, January 29th. Finally, Weiss Ratings downgraded shares of Landstar System from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Landstar System has a consensus rating of "Hold" and a consensus price target of $153.27.

Landstar System Trading Up 1.4%

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 52.55 and a beta of 0.80. The business's 50-day simple moving average is $156.31 and its 200-day simple moving average is $144.33.

Landstar System Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 18th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $1.60 annualized dividend and a yield of 0.9%. Landstar System's payout ratio is presently 48.34%.

Institutional Trading of Landstar System

A number of hedge funds have recently bought and sold shares of LSTR. Integrated Wealth Concepts LLC boosted its position in Landstar System by 9.8% during the first quarter. Integrated Wealth Concepts LLC now owns 3,767 shares of the transportation company's stock worth $566,000 after acquiring an additional 336 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Landstar System by 57.1% in the first quarter. Goldman Sachs Group Inc. now owns 138,009 shares of the transportation company's stock valued at $20,729,000 after purchasing an additional 50,142 shares during the last quarter. Empowered Funds LLC increased its stake in Landstar System by 38.3% in the first quarter. Empowered Funds LLC now owns 4,687 shares of the transportation company's stock valued at $704,000 after purchasing an additional 1,298 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Landstar System by 13.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,341 shares of the transportation company's stock worth $21,380,000 after acquiring an additional 16,698 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted 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 acquiring an additional 142 shares during 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 through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar's proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.

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