Landstar System, Inc. (NASDAQ:LSTR) Receives $169.45 Average PT from Analysts

Shares of Landstar System, Inc. (NASDAQ:LSTR - Get Free Report) have received a consensus rating of "Reduce" from the thirteen analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating and twelve have given a hold rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $169.45.

Several research analysts recently commented on LSTR shares. JPMorgan Chase & Co. dropped their target price on shares of Landstar System from $184.00 to $177.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Benchmark reaffirmed a "hold" rating on shares of Landstar System in a report on Friday, January 31st. Truist Financial began coverage on Landstar System in a report on Thursday, March 13th. They set a "hold" rating and a $160.00 price target for the company. Finally, Stifel Nicolaus raised their price objective on shares of Landstar System from $164.00 to $169.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd.

Landstar System Stock Up 0.6 %

Shares of NASDAQ LSTR traded up $0.94 during mid-day trading on Friday, reaching $150.02. 356,661 shares of the company traded hands, compared to its average volume of 263,740. The company's fifty day moving average is $161.88 and its two-hundred day moving average is $174.70. 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 fifty-two week low of $144.13 and a fifty-two week high of $196.86. The stock has a market cap of $5.30 billion, a PE ratio of 27.18 and a beta of 0.82.

Remove Ads

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. On average, analysts expect that Landstar System will post 6.1 earnings per share for the current year.

Landstar System Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.96%. The ex-dividend date was Tuesday, February 18th. Landstar System's dividend payout ratio (DPR) is presently 26.09%.

Institutional Investors Weigh In On Landstar System

Large investors have recently modified their holdings of the stock. Golden State Wealth Management LLC bought a new stake in Landstar System in the fourth quarter valued at $25,000. HM Payson & Co. bought a new stake in shares of Landstar System in the 4th quarter worth about $26,000. Colonial Trust Co SC increased its position in shares of Landstar System by 61.7% during the 4th quarter. Colonial Trust Co SC now owns 186 shares of the transportation company's stock worth $32,000 after purchasing an additional 71 shares in the last quarter. Trust Co. of Vermont bought a new position in Landstar System during the 4th quarter valued at about $34,000. Finally, Transce3nd LLC acquired a new position in Landstar System in the fourth quarter valued at about $60,000. 97.95% of the stock is currently owned by institutional investors.

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.