Brokerages Set Landstar System, Inc. (NASDAQ:LSTR) Target Price at $172.27

Shares of Landstar System, Inc. (NASDAQ:LSTR - Get Free Report) have received a consensus recommendation of "Reduce" from the thirteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and twelve have given a hold recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $171.27.

A number of research firms recently issued reports on LSTR. Stifel Nicolaus lifted their target price on Landstar System from $164.00 to $169.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price target on shares of Landstar System from $184.00 to $177.00 and set a "neutral" rating for the company in a research note on Thursday. Evercore ISI dropped their target price on Landstar System from $165.00 to $160.00 and set an "in-line" rating on the stock in a report on Wednesday, October 30th. The Goldman Sachs Group lowered their price objective on Landstar System from $165.00 to $158.00 and set a "sell" rating for the company in a research report on Wednesday, October 9th. Finally, UBS Group boosted their target price on Landstar System from $184.00 to $186.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th.

Landstar System Trading Down 3.5 %

Shares of LSTR stock traded down $5.98 during trading hours on Thursday, hitting $166.94. The company had a trading volume of 697,415 shares, compared to its average volume of 329,748. The stock has a market capitalization of $5.90 billion, a PE ratio of 28.63 and a beta of 0.83. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.21 and a quick ratio of 2.21. Landstar System has a fifty-two week low of $163.18 and a fifty-two week high of $197.16. The company's fifty day moving average is $177.67 and its 200 day moving average is $182.26.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a net margin of 4.32% and a return on equity of 20.68%. Research analysts expect that Landstar System will post 5.57 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be given a $0.36 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a yield of 0.86%. Landstar System's payout ratio is currently 24.70%.

Insider Activity

In related news, CFO James P. Todd sold 1,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total value of $184,320.00. Following the sale, the chief financial officer now directly owns 14,083 shares in the company, valued at $2,595,778.56. The trade was a 6.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On Landstar System

Hedge funds have recently modified their holdings of the company. Quantum Private Wealth LLC grew its stake in Landstar System by 15.9% in the 4th quarter. Quantum Private Wealth LLC now owns 1,324 shares of the transportation company's stock worth $228,000 after acquiring an additional 182 shares during the period. Rhumbline Advisers boosted its stake in Landstar System by 1.7% in the 4th quarter. Rhumbline Advisers now owns 115,384 shares of the transportation company's stock worth $19,830,000 after buying an additional 1,964 shares during the last quarter. Van ECK Associates Corp grew its holdings in Landstar System by 26.6% in the 4th quarter. Van ECK Associates Corp now owns 31,836 shares of the transportation company's stock valued at $5,471,000 after buying an additional 6,680 shares during the period. Portfolio Design Labs LLC increased its stake in shares of Landstar System by 41.7% during the 4th quarter. Portfolio Design Labs LLC now owns 10,361 shares of the transportation company's stock valued at $1,781,000 after acquiring an additional 3,048 shares during the last quarter. Finally, Empowered Funds LLC increased its position in Landstar System by 44.9% during the fourth quarter. Empowered Funds LLC now owns 3,389 shares of the transportation company's stock worth $582,000 after purchasing an additional 1,050 shares during the last quarter. 97.95% of the stock is owned by institutional investors and hedge funds.

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.