Analysts Set Landstar System, Inc. (NASDAQ:LSTR) PT at $196.00

Shares of Landstar System, Inc. (NASDAQ:LSTR) have been assigned an average rating of “Hold” from the seventeen brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $196.00.

A number of research firms have recently commented on LSTR. Susquehanna upped their price target on shares of Landstar System from $195.00 to $230.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Wolfe Research raised shares of Landstar System from a “peer perform” rating to an “outperform” rating and set a $214.00 price objective for the company in a research report on Tuesday, August 4th. Morgan Stanley restated an “underweight” rating and issued a $145.00 target price on shares of Landstar System in a research note on Monday, July 6th. Weiss Ratings raised shares of Landstar System from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 16th. Finally, Wall Street Zen downgraded shares of Landstar System from a “buy” rating to a “hold” rating in a research note on Saturday.

Insiders Place Their Bets

In other news, CFO James P. Todd sold 1,200 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $218.17, for a total transaction of $261,804.00. Following the transaction, the chief financial officer owned 15,122 shares in the company, valued at approximately $3,299,166.74. This trade represents a 7.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Diana M. Murphy sold 11,246 shares of Landstar System stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $221.28, for a total value of $2,488,514.88. Following the completion of the sale, the director owned 18,853 shares of the company’s stock, valued at $4,171,791.84. The trade was a 37.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.74% of the company’s stock.

Institutional Investors Weigh In On Landstar System

Several large investors have recently modified their holdings of LSTR. Elevation Wealth Partners LLC lifted its position in Landstar System by 41.8% in the second quarter. Elevation Wealth Partners LLC now owns 224 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 66 shares during the last quarter. First Citizens Bank & Trust Co. raised its holdings in Landstar System by 1.5% during the 1st quarter. First Citizens Bank & Trust Co. now owns 4,710 shares of the transportation company’s stock valued at $755,000 after buying an additional 68 shares during the last quarter. Petros Family Wealth LLC boosted its position in Landstar System by 4.9% during the 1st quarter. Petros Family Wealth LLC now owns 1,548 shares of the transportation company’s stock valued at $248,000 after buying an additional 73 shares during the period. CIBC Private Wealth Group LLC grew its holdings in Landstar System by 29.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 342 shares of the transportation company’s stock worth $49,000 after acquiring an additional 78 shares during the last quarter. Finally, SkyView Investment Advisors LLC grew its holdings in Landstar System by 1.4% in the 4th quarter. SkyView Investment Advisors LLC now owns 6,388 shares of the transportation company’s stock worth $918,000 after acquiring an additional 89 shares during the last quarter. Institutional investors own 97.95% of the company’s stock.

Landstar System Price Performance

Landstar System stock opened at $180.03 on Friday. The firm has a 50-day moving average price of $195.27 and a 200-day moving average price of $182.05. The firm has a market capitalization of $6.11 billion, a PE ratio of 46.64 and a beta of 0.90. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.05. Landstar System has a 12-month low of $119.32 and a 12-month high of $228.46.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Tuesday, July 28th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.05). Landstar System had a net margin of 2.64% and a return on equity of 20.84%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the firm earned $1.20 EPS. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. As a group, equities research analysts forecast that Landstar System will post 5.84 EPS for the current year.

Landstar System Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Tuesday, August 18th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, August 18th. This is an increase from Landstar System’s previous quarterly dividend of $0.40. Landstar System’s dividend payout ratio (DPR) is 45.60%.

About Landstar System

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.