Analysts Set Landstar System, Inc. (NASDAQ:LSTR) Price Target at $174.25

Landstar System, Inc. (NASDAQ:LSTR - Get Free Report) has been given an average rating of "Reduce" by the thirteen research firms that are presently 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 12 month price objective among brokerages that have covered the stock in the last year is $174.25.

LSTR has been the topic of several recent research reports. TD Cowen reduced their price target on Landstar System from $176.00 to $174.00 and set a "hold" rating on the stock in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target on shares of Landstar System from $184.00 to $188.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Stephens dropped their price objective on shares of Landstar System from $190.00 to $180.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 30th. Raymond James downgraded shares of Landstar System from an "outperform" rating to a "market perform" rating in a research note on Friday, November 15th. Finally, Evercore ISI dropped their price target on Landstar System from $165.00 to $160.00 and set an "in-line" rating on the stock in a research report on Wednesday, October 30th.

Insider Activity at Landstar System

In other Landstar System news, CFO James P. Todd sold 1,000 shares of the 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 transaction, the chief financial officer now owns 14,083 shares of the company's stock, valued at approximately $2,595,778.56. This represents a 6.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Landstar System

Several hedge funds and other institutional investors have recently made changes to their positions in LSTR. Thrivent Financial for Lutherans boosted its holdings 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 worth $63,243,000 after buying an additional 326,212 shares during the last quarter. BNP Paribas Financial Markets raised its position in Landstar System by 509.3% in the third quarter. BNP Paribas Financial Markets now owns 55,048 shares of the transportation company's stock worth $10,397,000 after acquiring an additional 46,014 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Landstar System by 24.0% during the 3rd quarter. Janus Henderson Group PLC now owns 232,924 shares of the transportation company's stock worth $43,992,000 after acquiring an additional 45,147 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of Landstar System by 10.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 429,928 shares of the transportation company's stock valued at $81,201,000 after acquiring an additional 41,758 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Landstar System by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 813,546 shares of the transportation company's stock worth $153,685,000 after purchasing an additional 39,223 shares in the last quarter. Hedge funds and other institutional investors own 97.95% of the company's stock.

Landstar System Trading Up 1.5 %

NASDAQ LSTR traded up $2.62 during trading on Friday, hitting $172.93. The company had a trading volume of 226,651 shares, compared to its average volume of 190,176. The company's fifty day moving average is $181.57 and its 200-day moving average is $183.32. Landstar System has a one year low of $165.39 and a one year high of $200.43. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.04. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 29.66 and a beta of 0.83.

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

Landstar System Increases Dividend

The business also recently disclosed a special dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be issued a dividend of $2.00 per share. This is a boost from Landstar System's previous special dividend of $1.50. The ex-dividend date is Tuesday, January 7th. Landstar System's payout ratio is presently 24.70%.

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.