Landstar System (NASDAQ:LSTR) Price Target Raised to $175.00

Landstar System (NASDAQ:LSTR) had its price target increased by analysts at TD Cowen from $150.00 to $175.00 in a research note issued on Wednesday. The firm presently has a “hold” rating on the transportation company’s stock. TD Cowen’s target price would indicate a potential downside of 9.42% from the company’s previous close.

LSTR has been the subject of several other reports. Susquehanna reissued a “neutral” rating and set a $195.00 price objective (up from $185.00) on shares of Landstar System in a report on Wednesday. Evercore lifted their price target on shares of Landstar System from $125.00 to $151.00 and gave the stock an “in-line” rating in a research report on Monday, January 12th. Weiss Ratings downgraded shares of Landstar System from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, April 14th. Truist Financial increased their price objective on shares of Landstar System from $145.00 to $190.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Stifel Nicolaus lifted their target price on shares of Landstar System from $147.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $168.00.

Landstar System Trading Up 5.9%

Shares of NASDAQ LSTR traded up $10.79 during midday trading on Wednesday, hitting $193.20. The stock had a trading volume of 132,996 shares, compared to its average volume of 527,521. The company’s 50-day simple moving average is $160.58 and its 200 day simple moving average is $147.67. The firm has a market cap of $6.56 billion, a P/E ratio of 58.34 and a beta of 0.80. Landstar System has a fifty-two week low of $119.32 and a fifty-two week high of $195.77. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.05. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. Landstar System had a return on equity of 17.68% and a net margin of 2.42%.The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.95 earnings per share. Research analysts anticipate that Landstar System will post 5.44 EPS for the current year.

Landstar System announced that its Board of Directors has approved a share repurchase program on Tuesday, April 28th that authorizes the company to buyback 1,115,195,000,000 outstanding shares. This buyback authorization authorizes the transportation company to purchase up to 3.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional Trading of Landstar System

Several hedge funds and other institutional investors have recently modified their holdings of the company. Los Angeles Capital Management LLC bought a new stake in shares of Landstar System in the fourth quarter valued at about $25,000. Quarry LP acquired a new position in shares of Landstar System during the third quarter worth about $25,000. Global Retirement Partners LLC grew its holdings in shares of Landstar System by 320.0% during the fourth quarter. Global Retirement Partners LLC now owns 189 shares of the transportation company’s stock worth $27,000 after buying an additional 144 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Landstar System by 335.8% during the third quarter. UMB Bank n.a. now owns 292 shares of the transportation company’s stock worth $36,000 after buying an additional 225 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Landstar System by 132.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock valued at $37,000 after buying an additional 142 shares during the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

Key Headlines Impacting Landstar System

Here are the key news stories impacting Landstar System this week:

• Positive Sentiment: Q1 earnings beat — Landstar reported EPS of $1.16 vs. consensus ~$1.11 and revenue of $1.171B (up ~1.6% y/y). Management provided slides/press release with the results. Landstar Q1 Press Release
• Positive Sentiment: Board authorized share repurchases — the board approved a buyback program allowing repurchases equal to roughly 3.3% of outstanding shares, signaling management thinks the stock is attractive at current levels. Buyback Report
• Positive Sentiment: Profitability and cash flow improved — quarter showed big year-over-year gains in gross profit and operating profit, net income +32% y/y, and operating cash flow increased materially, supporting capital returns and buybacks. Quiver Summary
• Neutral Sentiment: Quarterly dividend declared — Landstar set a $0.40 quarterly dividend (annualized yield ~0.9%); record/ex-div date May 19 and payable June 9. This is a modest yield but adds to shareholder returns.
• Neutral Sentiment: Earnings call transcript available — investors can review management commentary and Q&A for guidance and contract/mix details. Earnings Call Transcript
• Negative Sentiment: Top-line growth remains modest and margins thin — revenue grew only ~1.6% y/y and net margin was about 2.4%, and some outlets note revenue was essentially in line with or slightly below some expectations; investors should watch whether growth accelerates in coming quarters. Zacks Analysis

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.