Landstar System (NASDAQ:LSTR) Price Target Lowered to $215.00 at Robert W. Baird

Landstar System (NASDAQ:LSTR) had its price objective cut by research analysts at Robert W. Baird from $225.00 to $215.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the transportation company’s stock. Robert W. Baird’s price target points to a potential upside of 16.02% from the stock’s previous close.

LSTR has been the subject of a number of other reports. Evercore set a $181.00 price target on shares of Landstar System in a research report on Wednesday, April 29th. Stephens upgraded Landstar System to a “strong-buy” rating in a research note on Wednesday, July 8th. The Goldman Sachs Group increased their target price on Landstar System from $147.00 to $168.00 and gave the company a “sell” rating in a research note on Thursday, July 16th. Barclays upped their price objective on shares of Landstar System from $155.00 to $190.00 and gave the company an “equal weight” rating in a research report on Thursday, June 25th. Finally, Wall Street Zen upgraded shares of Landstar System from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $191.83.

Landstar System Stock Performance

Shares of NASDAQ:LSTR opened at $185.32 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.88 and a quick ratio of 1.88. Landstar System has a 12 month low of $119.32 and a 12 month high of $228.46. The firm has a market capitalization of $6.29 billion, a PE ratio of 51.19 and a beta of 0.89. The business has a 50-day moving average of $208.49 and a two-hundred day moving average of $177.83.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.05). Landstar System had a net margin of 2.62% and a return on equity of 19.49%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the company earned $1.20 EPS. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. As a group, research analysts forecast that Landstar System will post 5.73 earnings per share for the current year.

Landstar System announced that its board has initiated a stock buyback plan on Tuesday, April 28th that permits the company to repurchase 1,115,195,000,000 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 a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, CFO James P. Todd sold 1,200 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $218.17, for a total value of $261,804.00. Following the sale, the chief financial officer directly owned 15,122 shares of the company’s stock, valued at $3,299,166.74. This trade represents a 7.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Diana M. Murphy sold 11,246 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $221.28, for a total transaction of $2,488,514.88. Following the transaction, the director owned 18,853 shares of the company’s stock, valued at $4,171,791.84. This trade represents a 37.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.74% of the company’s stock.

Institutional Trading of Landstar System

Institutional investors have recently added to or reduced their stakes in the stock. M&T Bank Corp boosted its position in Landstar System by 151,424.4% during the fourth quarter. M&T Bank Corp now owns 6,294,325 shares of the transportation company’s stock valued at $904,495,000 after acquiring an additional 6,290,171 shares during the last quarter. Boston Partners grew its position in Landstar System by 24.1% during the third quarter. Boston Partners now owns 1,761,526 shares of the transportation company’s stock valued at $216,242,000 after buying an additional 341,808 shares during the period. First Trust Advisors LP lifted its holdings in Landstar System by 19.1% during the first quarter. First Trust Advisors LP now owns 1,118,554 shares of the transportation company’s stock valued at $179,315,000 after purchasing an additional 179,294 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Landstar System by 185.5% in the fourth quarter. AQR Capital Management LLC now owns 987,087 shares of the transportation company’s stock worth $141,844,000 after buying an additional 641,319 shares in the last quarter. Finally, Corient Private Wealth LLC grew its holdings in shares of Landstar System by 99.5% during the fourth quarter. Corient Private Wealth LLC now owns 742,215 shares of the transportation company’s stock worth $105,877,000 after purchasing an additional 370,253 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors.

More Landstar System News

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

• Positive Sentiment: Landstar reported second-quarter revenue of $1.432 billion, up 18.2% year over year and above the $1.34 billion analyst estimate. EPS increased to $1.44 from $1.20 a year earlier. Landstar System Reports Second Quarter Revenue and Earnings
• Positive Sentiment: The company increased its quarterly dividend by 10% to $0.44 per share from $0.40. The new payment is scheduled for September 9 for shareholders of record on August 18, supporting the shareholder-return story. Landstar System Posts Strong Q2 Results and Raises Dividend
• Neutral Sentiment: Reported EPS of $1.44 exceeded the Zacks consensus estimate of $1.42, but other published analyst consensus data placed expectations at $1.49. This discrepancy makes the earnings reaction more mixed. Landstar System Beats Q2 Earnings and Revenue Estimates
• Negative Sentiment: The $1.44 EPS result missed the broader consensus estimate of $1.49 by $0.05, which may be weighing on the shares even though revenue surpassed expectations. Landstar also trades at a forward-looking valuation that leaves limited room for earnings disappointment. Landstar System Second Quarter Earnings Report

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.