Wells Fargo & Company Increases Landstar System (NASDAQ:LSTR) Price Target to $200.00

Landstar System (NASDAQ:LSTR) had its price objective raised by equities researchers at Wells Fargo & Company from $170.00 to $200.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 6.30% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Susquehanna raised their price objective on Landstar System from $185.00 to $195.00 and gave the stock a “neutral” rating in a research note on Wednesday. Weiss Ratings lowered shares of Landstar System from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, April 14th. Barclays increased their target price on shares of Landstar System from $130.00 to $155.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. JPMorgan Chase & Co. raised their price target on shares of Landstar System from $134.00 to $162.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Finally, Stifel Nicolaus lifted their price target on shares of Landstar System from $147.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Landstar System presently has a consensus rating of “Hold” and an average target price of $173.45.

Landstar System Stock Up 3.1%

NASDAQ:LSTR traded up $5.73 during mid-day trading on Wednesday, reaching $188.14. The stock had a trading volume of 284,518 shares, compared to its average volume of 529,924. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 56.59 and a beta of 0.80. Landstar System has a 1-year low of $119.32 and a 1-year high of $195.84. The stock’s 50 day simple moving average is $160.58 and its two-hundred day simple moving average is $147.67.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data 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 firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Landstar System had a return on equity of 17.68% and a net margin of 2.42%.Landstar System’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. Equities analysts anticipate that Landstar System will post 5.44 EPS for the current year.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Petros Family Wealth LLC increased its stake in shares of Landstar System by 4.9% in the first quarter. Petros Family Wealth LLC now owns 1,548 shares of the transportation company’s stock valued at $248,000 after purchasing an additional 73 shares during the period. Vestmark Advisory Solutions Inc. boosted its position in shares of Landstar System by 0.4% during the third quarter. Vestmark Advisory Solutions Inc. now owns 20,585 shares of the transportation company’s stock worth $2,523,000 after buying an additional 78 shares during the period. CIBC Private Wealth Group LLC grew its holdings in Landstar System by 29.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 342 shares of the transportation company’s stock worth $49,000 after buying an additional 78 shares in the last quarter. SkyView Investment Advisors LLC grew its holdings in Landstar System by 1.4% in the 4th quarter. SkyView Investment Advisors LLC now owns 6,388 shares of the transportation company’s stock worth $918,000 after buying an additional 89 shares in the last quarter. Finally, Cardinal Capital Management increased its position in Landstar System by 0.4% in the 3rd quarter. Cardinal Capital Management now owns 24,324 shares of the transportation company’s stock valued at $2,981,000 after acquiring an additional 90 shares during the period. Institutional investors 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.