Baird R W upgraded shares of Landstar System (NASDAQ:LSTR - Free Report) to a strong-buy rating in a research note issued to investors on Tuesday morning,Zacks.com reports.
Other analysts also recently issued reports about the company. Robert W. Baird initiated coverage on Landstar System in a research note on Tuesday. They issued an "outperform" rating and a $166.00 target price for the company. Barclays initiated coverage on Landstar System in a report on Monday, June 9th. They set an "equal weight" rating and a $145.00 price target for the company. Truist Financial lowered their price target on Landstar System from $150.00 to $135.00 and set a "hold" rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. lowered their target price on Landstar System from $177.00 to $147.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Finally, Stifel Nicolaus lowered their target price on Landstar System from $147.00 to $140.00 and set a "hold" rating for the company in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Landstar System currently has a consensus rating of "Hold" and a consensus target price of $151.50.
Check Out Our Latest Research Report on LSTR
Landstar System Price Performance
Shares of LSTR stock traded down $0.50 during trading hours on Tuesday, hitting $146.06. 178,677 shares of the company's stock were exchanged, compared to its average volume of 303,135. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.07. The firm has a market cap of $5.10 billion, a P/E ratio of 28.92 and a beta of 0.88. The firm has a 50 day moving average of $139.09 and a two-hundred day moving average of $151.24. Landstar System has a fifty-two week low of $128.99 and a fifty-two week high of $196.86.
Landstar System (NASDAQ:LSTR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The transportation company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.07). Landstar System had a net margin of 3.72% and a return on equity of 18.23%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the company posted $1.32 earnings per share. The firm's revenue for the quarter was down 1.6% compared to the same quarter last year. Sell-side 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. Stockholders of record on Thursday, June 5th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Thursday, June 5th. This is a boost from Landstar System's previous quarterly dividend of $0.36. Landstar System's dividend payout ratio (DPR) is presently 31.68%.
Institutional Investors Weigh In On Landstar System
Hedge funds and other institutional investors have recently made changes to their positions in the business. HM Payson & Co. acquired a new stake in shares of Landstar System during the 4th quarter worth about $26,000. Alpine Bank Wealth Management acquired a new stake in shares of Landstar System during the 1st quarter worth about $25,000. Colonial Trust Co SC raised its position in shares of Landstar System by 61.7% during the 4th quarter. Colonial Trust Co SC now owns 186 shares of the transportation company's stock worth $32,000 after acquiring an additional 71 shares in the last quarter. Geneos Wealth Management Inc. raised its position 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 worth $37,000 after acquiring an additional 142 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its position 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 worth $45,000 after acquiring an additional 154 shares in the last quarter. Institutional investors and hedge funds own 97.95% of the company's stock.
About Landstar System
(
Get Free Report)
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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