Landstar System (NASDAQ:LSTR) Research Coverage Started at Barclays

Barclays began coverage on shares of Landstar System (NASDAQ:LSTR) in a research report released on Monday, Marketbeat reports. The brokerage issued an equal weight rating and a $145.00 price objective on the transportation company’s stock.

A number of other research analysts also recently weighed in on LSTR. JPMorgan Chase & Co. decreased their price target on Landstar System from $177.00 to $147.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Jefferies Financial Group decreased their price target on Landstar System from $170.00 to $150.00 and set a “hold” rating for the company in a research note on Friday, April 11th. Stifel Nicolaus decreased their price target on Landstar System from $147.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, May 14th. Truist Financial decreased their price target on Landstar System from $150.00 to $135.00 and set a “hold” rating for the company in a research note on Thursday, April 24th. Finally, UBS Group set a $154.00 price target on Landstar System in a research note on Wednesday, May 14th. Two investment analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $150.00.

Landstar System Stock Performance

Shares of NASDAQ LSTR opened at $139.54 on Monday. The firm has a market cap of $4.88 billion, a price-to-earnings ratio of 25.28 and a beta of 0.89. The business’s 50-day simple moving average is $138.13 and its 200-day simple moving average is $156.72. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96. Landstar System has a 52 week low of $128.99 and a 52 week high of $196.86.

Landstar System (NASDAQ:LSTR) last released its earnings results on Tuesday, May 13th. The transportation company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.07). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the business earned $1.32 EPS. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. As a group, equities research analysts expect that Landstar System will post 6.1 earnings per share for the current fiscal year.

Landstar System Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Thursday, June 5th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, June 5th. This is an increase from Landstar System’s previous quarterly dividend of $0.36. Landstar System’s dividend payout ratio (DPR) is 31.68%.

Institutional Investors Weigh In On Landstar System

Large investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its position in Landstar System by 120.7% during the fourth quarter. Ameriprise Financial Inc. now owns 165,297 shares of the transportation company’s stock valued at $28,408,000 after purchasing an additional 90,391 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Landstar System by 14.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 5,392 shares of the transportation company’s stock valued at $927,000 after buying an additional 665 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Landstar System by 11.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,935 shares of the transportation company’s stock valued at $504,000 after buying an additional 300 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Landstar System by 26.6% during the fourth quarter. Van ECK Associates Corp now owns 31,836 shares of the transportation company’s stock valued at $5,471,000 after buying an additional 6,680 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Landstar System by 1.7% during the fourth quarter. Rhumbline Advisers now owns 115,384 shares of the transportation company’s stock valued at $19,830,000 after buying an additional 1,964 shares during the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.

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 services.