Landstar System, Inc. (NASDAQ:LSTR) Given Average Rating of "Reduce" by Brokerages

Landstar System, Inc. (NASDAQ:LSTR - Get Free Report) has been assigned a consensus rating of "Reduce" from the thirteen analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating and twelve have given a hold rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $174.25.

Several brokerages have recently issued reports on LSTR. UBS Group lifted their price target on Landstar System from $184.00 to $186.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. TD Cowen decreased their target price on Landstar System from $176.00 to $174.00 and set a "hold" rating on the stock in a report on Wednesday, October 30th. Stephens decreased their target price on Landstar System from $190.00 to $180.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 30th. The Goldman Sachs Group lowered their price target on Landstar System from $165.00 to $158.00 and set a "sell" rating on the stock in a report on Wednesday, October 9th. Finally, Susquehanna lowered their price target on Landstar System from $165.00 to $160.00 and set a "neutral" rating on the stock in a report on Friday, November 1st.

Insider Activity at Landstar System

In other Landstar System news, CFO James P. Todd sold 1,000 shares of Landstar System stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $184.32, for a total value of $184,320.00. Following the sale, the chief financial officer now owns 14,083 shares of the company's stock, valued at $2,595,778.56. This trade represents a 6.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of Landstar System

Several hedge funds and other institutional investors have recently modified their holdings of the company. Thrivent Financial for Lutherans increased its position in shares of Landstar System by 3,775.2% in the third quarter. Thrivent Financial for Lutherans now owns 334,853 shares of the transportation company's stock valued at $63,243,000 after acquiring an additional 326,212 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Landstar System by 6.2% during the second quarter. Victory Capital Management Inc. now owns 1,697,093 shares of the transportation company's stock worth $313,080,000 after purchasing an additional 99,461 shares during the period. BNP Paribas Financial Markets grew its holdings in Landstar System by 509.3% during the third quarter. BNP Paribas Financial Markets now owns 55,048 shares of the transportation company's stock worth $10,397,000 after purchasing an additional 46,014 shares during the period. Janus Henderson Group PLC grew its holdings in Landstar System by 24.0% during the third quarter. Janus Henderson Group PLC now owns 232,924 shares of the transportation company's stock worth $43,992,000 after purchasing an additional 45,147 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Landstar System by 10.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 429,928 shares of the transportation company's stock worth $81,201,000 after purchasing an additional 41,758 shares during the period. Institutional investors and hedge funds own 97.95% of the company's stock.

Landstar System Stock Performance

Landstar System stock traded down $4.59 during mid-day trading on Friday, hitting $182.82. 171,432 shares of the company's stock traded hands, compared to its average volume of 256,973. The firm has a 50 day moving average price of $183.98 and a 200 day moving average price of $183.38. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.04. The company has a market cap of $6.46 billion, a PE ratio of 31.36 and a beta of 0.81. Landstar System has a one year low of $165.39 and a one year high of $201.40.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.04). Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the firm earned $1.71 EPS. The firm's revenue was down 5.8% on a year-over-year basis. On average, equities analysts forecast that Landstar System will post 5.57 EPS for the current year.

Landstar System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Tuesday, November 19th. Landstar System's dividend payout ratio is currently 24.70%.

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.