Landstar System, Inc. (NASDAQ:LSTR) Receives $110.44 Average PT from Analysts

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Shares of Landstar System, Inc. (NASDAQ:LSTR) have been given an average rating of “Hold” by the fifteen ratings firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $110.44.

Several equities analysts have recently commented on the company. BidaskClub upgraded Landstar System from a “sell” rating to a “hold” rating in a research report on Wednesday, June 19th. Buckingham Research reduced their price objective on Landstar System from $121.00 to $112.00 and set a “neutral” rating on the stock in a research report on Friday, June 7th. Credit Suisse Group reduced their price objective on Landstar System from $112.00 to $104.00 and set a “neutral” rating on the stock in a research report on Thursday, June 6th. Cowen reiterated a “market perform” rating and set a $113.00 price objective (down from $115.00) on shares of Landstar System in a research report on Thursday, June 6th. Finally, Stifel Nicolaus increased their target price on Landstar System from $119.00 to $123.00 and gave the company a “buy” rating in a report on Tuesday, April 30th.

Shares of Landstar System stock traded down $0.19 during trading on Friday, hitting $102.29. 17,503 shares of the stock traded hands, compared to its average volume of 489,862. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.00 and a current ratio of 2.00. The company has a market capitalization of $4.13 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 1.35 and a beta of 1.22. The business has a fifty day simple moving average of $103.26. Landstar System has a 52 week low of $90.23 and a 52 week high of $128.70.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.52 by $0.06. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. Landstar System had a return on equity of 37.24% and a net margin of 5.68%. The company’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.37 EPS. As a group, sell-side analysts expect that Landstar System will post 6.35 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Thursday, May 9th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date was Wednesday, May 8th. Landstar System’s payout ratio is presently 10.68%.

In related news, CMO Patrick J. O’malley sold 23,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $110.82, for a total transaction of $2,548,860.00. Following the completion of the transaction, the chief marketing officer now owns 20,929 shares of the company’s stock, valued at approximately $2,319,351.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Joseph J. Beacom sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $114.12, for a total value of $570,600.00. Following the transaction, the chief operating officer now directly owns 45,924 shares of the company’s stock, valued at approximately $5,240,846.88. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in shares of Landstar System by 5.2% in the 1st quarter. BlackRock Inc. now owns 5,689,622 shares of the transportation company’s stock worth $622,387,000 after purchasing an additional 278,921 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Landstar System by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 3,687,689 shares of the transportation company’s stock worth $449,897,000 after buying an additional 21,365 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Landstar System by 21.1% in the 1st quarter. Victory Capital Management Inc. now owns 2,080,700 shares of the transportation company’s stock worth $227,607,000 after buying an additional 361,977 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Landstar System by 0.3% in the 1st quarter. JPMorgan Chase & Co. now owns 1,131,576 shares of the transportation company’s stock worth $123,783,000 after buying an additional 2,896 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Landstar System by 4.8% in the 4th quarter. FMR LLC now owns 908,274 shares of the transportation company’s stock worth $86,895,000 after buying an additional 41,830 shares during the last quarter. 98.66% of the stock is owned by institutional investors.

Landstar System Company Profile

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments, Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics and less-than-truckload service providers.

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Analyst Recommendations for Landstar System (NASDAQ:LSTR)

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