Landstar System, Inc. (NASDAQ:LSTR) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Landstar System, Inc. (NASDAQ:LSTR) have been assigned a consensus rating of “Reduce” from the thirteen research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and twelve have given a hold recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $174.25.

Several research firms recently issued reports on LSTR. UBS Group increased their target price on shares of Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. TD Cowen lowered their target price on shares of Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target on Landstar System from $184.00 to $188.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Stifel Nicolaus lowered their price objective on Landstar System from $164.00 to $160.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. Finally, Evercore ISI cut their target price on 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.

Insider Activity

In other news, CFO James P. Todd sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $184.32, for a total transaction of $184,320.00. Following the transaction, the chief financial officer now owns 14,083 shares of the company’s stock, valued at approximately $2,595,778.56. The trade was a 6.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV boosted its stake in shares of Landstar System by 108.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock worth $26,000 after purchasing an additional 74 shares during the period. Mather Group LLC. boosted its position in shares of Landstar System by 183.5% during the second quarter. Mather Group LLC. now owns 394 shares of the transportation company’s stock valued at $76,000 after buying an additional 255 shares during the period. Quest Partners LLC purchased a new position in shares of Landstar System during the second quarter valued at approximately $73,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Landstar System by 431.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock valued at $83,000 after buying an additional 358 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Landstar System by 58.1% in the second quarter. GAMMA Investing LLC now owns 498 shares of the transportation company’s stock worth $92,000 after buying an additional 183 shares during the period. 97.95% of the stock is owned by hedge funds and other institutional investors.

Landstar System Price Performance

Shares of NASDAQ:LSTR opened at $180.83 on Friday. The firm’s 50 day moving average price is $183.93 and its 200-day moving average price is $183.51. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $6.39 billion, a PE ratio of 31.02 and a beta of 0.81. Landstar System has a twelve month low of $165.39 and a twelve month high of $201.40.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.04). Landstar System had a return on equity of 20.68% and a net margin of 4.32%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the business earned $1.71 EPS. The company’s revenue was down 5.8% compared to the same quarter last year. Equities research analysts expect that Landstar System will post 5.57 EPS for the current year.

Landstar System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be issued a $0.36 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.80%. Landstar System’s dividend payout ratio (DPR) is presently 24.70%.

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.