Brokerages Set Landstar System, Inc. (NASDAQ:LSTR) PT at $155.67

Landstar System, Inc. (NASDAQ:LSTR) has been given a consensus rating of “Reduce” by the fourteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and thirteen have issued a hold recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $153.08.

Several equities research analysts have commented on the company. Benchmark reissued a “hold” rating on shares of Landstar System in a report on Monday, April 14th. TD Cowen decreased their price target on Landstar System from $161.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday, April 3rd. Truist Financial reduced their price objective on Landstar System from $150.00 to $135.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Evercore ISI reduced their price objective on Landstar System from $137.00 to $136.00 and set an “in-line” rating for the company in a research report on Wednesday. Finally, Stifel Nicolaus reduced their price target on Landstar System from $147.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday.

Hedge Funds Weigh In On Landstar System

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its stake in shares of Landstar System by 28.1% in the 3rd quarter. Franklin Resources Inc. now owns 58,177 shares of the transportation company’s stock valued at $11,000,000 after purchasing an additional 12,756 shares during the last quarter. Fulton Bank N.A. increased its holdings in shares of Landstar System by 10.8% in the 4th quarter. Fulton Bank N.A. now owns 2,100 shares of the transportation company’s stock valued at $361,000 after acquiring an additional 204 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of Landstar System by 1.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 8,865 shares of the transportation company’s stock valued at $1,524,000 after acquiring an additional 114 shares during the period. Trust Co. of Vermont purchased a new position in shares of Landstar System in the 4th quarter valued at $34,000. Finally, Roberts Wealth Advisors LLC grew its stake in Landstar System by 1.3% during the 4th quarter. Roberts Wealth Advisors LLC now owns 4,616 shares of the transportation company’s stock worth $818,000 after buying an additional 60 shares during the last quarter. 97.95% of the stock is owned by institutional investors.

Landstar System Price Performance

LSTR opened at $142.45 on Friday. 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. The stock has a market capitalization of $4.98 billion, a PE ratio of 25.81 and a beta of 0.92. The stock’s 50 day moving average price is $142.07 and its 200-day moving average price is $162.84.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Tuesday, May 13th. The transportation company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.07). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.13 billion. On average, equities research analysts predict that Landstar System will post 6.1 EPS for the current year.

Landstar System Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Thursday, June 5th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, June 5th. This is a positive change from Landstar System’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 1.12%. Landstar System’s dividend payout ratio is presently 26.09%.

About Landstar System

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.