Landstar System (NASDAQ:LSTR) Trading Down 2.9%

Landstar System, Inc. (NASDAQ:LSTR - Get Free Report) shares fell 2.9% during mid-day trading on Wednesday . The stock traded as low as $167.66 and last traded at $169.07. 37,112 shares were traded during mid-day trading, a decline of 86% from the average session volume of 263,626 shares. The stock had previously closed at $174.13.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LSTR. Wolfe Research raised Landstar System from a "peer perform" rating to an "outperform" rating and set a $205.00 target price for the company in a research note on Wednesday, January 10th. Stifel Nicolaus lowered their price objective on Landstar System from $171.00 to $166.00 and set a "hold" rating for the company in a research report on Friday, February 2nd. UBS Group boosted their price objective on Landstar System from $175.00 to $200.00 and gave the company a "neutral" rating in a research report on Friday, February 2nd. Susquehanna lowered their price objective on Landstar System from $170.00 to $165.00 and set a "neutral" rating for the company in a research report on Monday, March 25th. Finally, Wells Fargo & Company boosted their price objective on Landstar System from $165.00 to $180.00 and gave the company an "equal weight" rating in a research report on Friday, February 2nd. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Landstar System has an average rating of "Hold" and a consensus price target of $184.55.

Landstar System Stock Performance

The business has a fifty day simple moving average of $187.71 and a 200-day simple moving average of $183.80. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.04. The firm has a market cap of $6.01 billion, a P/E ratio of 22.86, a P/E/G ratio of 4.65 and a beta of 0.83.

Landstar System (NASDAQ:LSTR - Get Free Report) last released its earnings results on Wednesday, January 31st. The transportation company reported $1.62 EPS for the quarter, missing analysts' consensus estimates of $1.63 by ($0.01). Landstar System had a return on equity of 26.73% and a net margin of 4.99%. The company had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.25 billion. On average, sell-side analysts predict that Landstar System, Inc. will post 6.71 EPS for the current fiscal year.

Landstar System Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Monday, February 12th were paid a $0.33 dividend. The ex-dividend date was Friday, February 9th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.79%. Landstar System's dividend payout ratio is currently 17.96%.

Insider Transactions at Landstar System

In related news, VP Michael K. Kneller sold 12,219 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the sale, the vice president now directly owns 61,127 shares of the company's stock, valued at $11,632,468.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.75% of the company's stock.

Institutional Investors Weigh In On Landstar System

Several institutional investors have recently modified their holdings of the business. Cardinal Capital Management boosted its position in shares of Landstar System by 12.3% during the first quarter. Cardinal Capital Management now owns 19,367 shares of the transportation company's stock valued at $3,733,000 after buying an additional 2,126 shares during the last quarter. Bridge City Capital LLC raised its stake in Landstar System by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 16,936 shares of the transportation company's stock valued at $3,265,000 after purchasing an additional 131 shares during the period. Mather Group LLC. bought a new stake in Landstar System during the 1st quarter valued at approximately $27,000. Vanguard Group Inc. raised its stake in Landstar System by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 3,454,652 shares of the transportation company's stock valued at $668,993,000 after purchasing an additional 27,026 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in Landstar System by 1.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 313,733 shares of the transportation company's stock valued at $60,755,000 after purchasing an additional 4,062 shares during the period. 97.95% of the stock is owned by hedge funds and other institutional investors.

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.