Landstar System, Inc. (NASDAQ:LSTR) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Landstar System, Inc. (NASDAQ:LSTR) have earned an average recommendation of “Reduce” from the twelve analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $170.40.

Several brokerages have recently issued reports on LSTR. TD Cowen decreased their price objective on Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Evercore ISI lowered their price objective on shares of Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a research report on Wednesday, October 30th. Stifel Nicolaus boosted their target price on shares of Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. The Goldman Sachs Group dropped their price target on Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. Finally, UBS Group upped their price objective on Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th.

Landstar System Price Performance

LSTR stock opened at $162.00 on Thursday. The company has a market capitalization of $5.72 billion, a PE ratio of 29.35 and a beta of 0.83. The company’s fifty day moving average price is $175.66 and its 200-day moving average price is $181.51. Landstar System has a one year low of $159.87 and a one year high of $196.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. On average, equities analysts anticipate that Landstar System will post 6.42 EPS for the current fiscal year.

Landstar System Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.89%. The ex-dividend date is Tuesday, February 18th. Landstar System’s dividend payout ratio (DPR) is presently 26.09%.

Institutional Trading of Landstar System

Several institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp increased its stake in Landstar System by 1.4% in the 3rd quarter. State Street Corp now owns 1,117,857 shares of the transportation company’s stock worth $211,130,000 after buying an additional 15,328 shares during the period. Geode Capital Management LLC increased its position in shares of Landstar System by 5.1% during the third quarter. Geode Capital Management LLC now owns 813,546 shares of the transportation company’s stock worth $153,685,000 after acquiring an additional 39,223 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of Landstar System by 10.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 429,928 shares of the transportation company’s stock valued at $81,201,000 after acquiring an additional 41,758 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Landstar System by 4.3% in the fourth quarter. Bank of New York Mellon Corp now owns 389,019 shares of the transportation company’s stock valued at $66,857,000 after purchasing an additional 15,986 shares during the period. Finally, Copeland Capital Management LLC grew its stake in Landstar System by 0.9% in the third quarter. Copeland Capital Management LLC now owns 388,142 shares of the transportation company’s stock worth $73,308,000 after purchasing an additional 3,630 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors.

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.