Landstar System (NASDAQ:LSTR) Stock Gets Price Target Trim from Robert W. Baird

Landstar System (NASDAQ:LSTR) had its target price decreased by Robert W. Baird from $215.00 to $195.00 in a report published on Wednesday, MarketBeat Ratings reports. Robert W. Baird currently has an outperform rating on the transportation company’s stock.

Several other research analysts also recently commented on LSTR. The Goldman Sachs Group increased their price objective on Landstar System from $147.00 to $168.00 and gave the company a “sell” rating in a research note on Thursday, July 16th. Stephens raised shares of Landstar System to a “strong-buy” rating in a research note on Wednesday, July 8th. TD Cowen dropped their target price on shares of Landstar System from $182.00 to $178.00 and set a “hold” rating for the company in a report on Tuesday, July 28th. Wolfe Research upgraded shares of Landstar System from a “peer perform” rating to an “outperform” rating and set a $214.00 target price for the company in a research report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Landstar System from $204.00 to $181.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Four equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $187.00.

Landstar System Trading Up 0.9%

LSTR stock opened at $142.70 on Wednesday. The company has a current ratio of 1.79, a quick ratio of 1.82 and a debt-to-equity ratio of 0.07. Landstar System has a 12-month low of $121.11 and a 12-month high of $228.46. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 24.67 and a beta of 0.90. The business’s 50-day moving average is $170.04 and its 200 day moving average is $176.54.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Tuesday, October 27th. The transportation company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.25). The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Landstar System had a net margin of 3.03% and a return on equity of 23.89%. Landstar System’s revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.22 EPS. On average, sell-side analysts anticipate that Landstar System will post 5.80 EPS for the current fiscal year.

Landstar System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 8th. Stockholders of record on Tuesday, November 17th will be given a $0.44 dividend. The ex-dividend date is Tuesday, November 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.2%. Landstar System’s dividend payout ratio is 45.60%.

Institutional Investors Weigh In On Landstar System

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Landstar System in the second quarter valued at about $35,000. Trust Co. of Vermont acquired a new stake in Landstar System during the second quarter worth about $41,000. Provenance Wealth Advisors LLC acquired a new stake in Landstar System during the third quarter worth about $35,000. Elevation Wealth Partners LLC increased its position in Landstar System by 41.8% during the second quarter. Elevation Wealth Partners LLC now owns 224 shares of the transportation company’s stock worth $46,000 after purchasing an additional 66 shares during the last quarter. Finally, Reyes Financial Architecture Inc. purchased a new position in Landstar System during the third quarter worth about $46,000. Institutional investors and hedge funds own 97.95% of the company’s stock.

Trending Headlines about Landstar System

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

• Positive Sentiment: Freight pricing and volumes supported growth. Landstar’s third-quarter revenue increased approximately 25% year over year to $1.51 billion, while stronger truck pricing and higher freight volumes helped the company exceed revenue expectations. LSTR Q3 Earnings Beat Estimates on Strong Freight Pricing
• Neutral Sentiment: Analysts are reassessing fair value. Robert W. Baird, Wells Fargo and JPMorgan each lowered expectations or price targets for LSTR, while other coverage described the fair-value reduction as modest. The revisions indicate that analysts see improved freight conditions but remain cautious about profitability and the outlook. Baird Price Target Cut Wells Fargo Lowers Expectations JPMorgan Pessimistic Forecast
• Negative Sentiment: Profitability missed expectations. Landstar reported quarterly earnings of $1.42 per share, below the $1.67 consensus estimate. Higher claims and insurance costs are weighing on margins, raising concerns that revenue growth may not translate into comparable earnings growth. Higher Claims Costs
• Negative Sentiment: Legal and reputational risk has increased. SueWallSt announced a pending investigation into Landstar following the earnings-related selloff. While the notice does not establish wrongdoing, it adds uncertainty for shareholders. Landstar Investigation Notice

About Landstar System

Landstar System, Inc (NASDAQ: LSTR) is an asset-light transportation and logistics company headquartered in Jacksonville, Florida. Through a network of independent owner-operators, agents and third-party capacity providers, the company arranges the movement of freight for commercial and industrial customers.

Landstar’s services include truckload transportation, specialized and heavy-haul freight, expedited and time-critical shipping, less-than-truckload transportation, intermodal services and logistics management.