Landstar System (LSTR) – Research Analysts’ Recent Ratings Changes

Landstar System (NASDAQ: LSTR) has recently received a number of price target changes and ratings updates:

  • 1/16/2018 – Landstar System was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $121.00 price target on the stock. According to Zacks, “Landstar System, Inc. ( LSTR ) is an asset-light provider of integrated transportation management solutions worldwide. The company delivers safe, specialized transportation services to a broad range of customers utilizing a network of agents, third-party capacity owners and employees. Landstar System transports a variety of freight, including iron and steel, automotive products, paper, lumber, chemicals, foodstuffs, and military hardware. All Landstar transportation services companies are certified to ISO 9001:2008 quality management system standards and RC14001:2013 environmental, health, safety and security management system standards. Landstar System, Inc. is headquartered in Jacksonville, Florida. “
  • 1/12/2018 – Landstar System was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Landstar System, Inc. ( LSTR ) is an asset-light provider of integrated transportation management solutions worldwide. The company delivers safe, specialized transportation services to a broad range of customers utilizing a network of agents, third-party capacity owners and employees. Landstar System transports a variety of freight, including iron and steel, automotive products, paper, lumber, chemicals, foodstuffs, and military hardware. All Landstar transportation services companies are certified to ISO 9001:2008 quality management system standards and RC14001:2013 environmental, health, safety and security management system standards. Landstar System, Inc. is headquartered in Jacksonville, Florida. “
  • 1/10/2018 – Landstar System was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $119.00 price target on the stock. According to Zacks, “Landstar System, Inc. ( LSTR ) is an asset-light provider of integrated transportation management solutions worldwide. The company delivers safe, specialized transportation services to a broad range of customers utilizing a network of agents, third-party capacity owners and employees. Landstar System transports a variety of freight, including iron and steel, automotive products, paper, lumber, chemicals, foodstuffs, and military hardware. All Landstar transportation services companies are certified to ISO 9001:2008 quality management system standards and RC14001:2013 environmental, health, safety and security management system standards. Landstar System, Inc. is headquartered in Jacksonville, Florida. “
  • 1/9/2018 – Landstar System had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $105.00 price target on the stock.
  • 1/8/2018 – Landstar System was upgraded by analysts at Susquehanna Bancshares Inc from a “neutral” rating to a “positive” rating. They now have a $124.00 price target on the stock, up previously from $109.00.
  • 1/3/2018 – Landstar System was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 1/3/2018 – Landstar System was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Landstar System, Inc. ( LSTR ) is an asset-light provider of integrated transportation management solutions worldwide. The company delivers safe, specialized transportation services to a broad range of customers utilizing a network of agents, third-party capacity owners and employees. Landstar System transports a variety of freight, including iron and steel, automotive products, paper, lumber, chemicals, foodstuffs, and military hardware. All Landstar transportation services companies are certified to ISO 9001:2008 quality management system standards and RC14001:2013 environmental, health, safety and security management system standards. Landstar System, Inc. is headquartered in Jacksonville, Florida. “
  • 1/2/2018 – Landstar System was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $118.00 price target on the stock. According to Zacks, “Landstar System, Inc. ( LSTR ) is an asset-light provider of integrated transportation management solutions worldwide. The company delivers safe, specialized transportation services to a broad range of customers utilizing a network of agents, third-party capacity owners and employees. Landstar System transports a variety of freight, including iron and steel, automotive products, paper, lumber, chemicals, foodstuffs, and military hardware. All Landstar transportation services companies are certified to ISO 9001:2008 quality management system standards and RC14001:2013 environmental, health, safety and security management system standards. Landstar System, Inc. is headquartered in Jacksonville, Florida. “
  • 12/5/2017 – Landstar System was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Shares of Landstar System, Inc. (NASDAQ:LSTR) opened at $108.60 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.96 and a current ratio of 1.96. Landstar System, Inc. has a 1 year low of $80.00 and a 1 year high of $109.40. The firm has a market capitalization of $4,534.40, a P/E ratio of 30.08, a P/E/G ratio of 1.84 and a beta of 0.81.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, October 25th. The transportation company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.05. Landstar System had a return on equity of 25.53% and a net margin of 4.36%. The company had revenue of $943.40 million for the quarter, compared to analyst estimates of $895.31 million. During the same period in the previous year, the company posted $0.86 earnings per share. The firm’s revenue was up 19.7% on a year-over-year basis. research analysts predict that Landstar System, Inc. will post 3.69 EPS for the current fiscal year.

The company also recently declared a special dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 12th will be given a dividend of $1.50 per share. The ex-dividend date is Thursday, January 11th. This is a positive change from Landstar System’s previous special dividend of $1.00. This represents a dividend yield of 0.39%. Landstar System’s payout ratio is currently 11.08%.

In other Landstar System news, Director Dr. Homaira Akbari sold 1,000 shares of Landstar System stock in a transaction on Friday, November 24th. The stock was sold at an average price of $98.30, for a total transaction of $98,300.00. Following the completion of the transaction, the director now owns 6,656 shares in the company, valued at $654,284.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael K. Kneller sold 10,000 shares of Landstar System stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $99.00, for a total value of $990,000.00. Following the transaction, the vice president now owns 22,153 shares of the company’s stock, valued at approximately $2,193,147. The disclosure for this sale can be found here. Insiders have sold 40,805 shares of company stock worth $4,028,128 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Landstar System, Inc (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs.

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