Brokerages Set Landstar System, Inc. (NASDAQ:LSTR) Target Price at $179.73

by · The Cerbat Gem

Shares of Landstar System, Inc. (NASDAQ:LSTR – Get Free Report) have been assigned a consensus rating of “Hold” from the twelve analysts that are covering the stock, MarketBeat reports. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $179.00.

Several research analysts have commented on LSTR shares. Benchmark reissued a “hold” rating on shares of Landstar System in a research report on Wednesday, July 31st. Stifel Nicolaus cut their price objective on Landstar System from $164.00 to $160.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. Raymond James cut their price objective on Landstar System from $205.00 to $195.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Evercore ISI cut their price objective on Landstar System from $167.00 to $165.00 and set an “in-line” rating on the stock in a research report on Thursday. Finally, TD Cowen raised their price objective on Landstar System from $171.00 to $176.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st.

Get Our Latest Stock Report on LSTR

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LSTR. UBS Group AG increased its holdings in shares of Landstar System by 359.9% in the fourth quarter. UBS Group AG now owns 80,077 shares of the transportation company’s stock valued at $15,507,000 after buying an additional 62,667 shares in the last quarter. Hsbc Holdings PLC grew its position in Landstar System by 137.0% during the 4th quarter. Hsbc Holdings PLC now owns 8,028 shares of the transportation company’s stock worth $1,556,000 after purchasing an additional 4,641 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in Landstar System by 13.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,443 shares of the transportation company’s stock worth $473,000 after purchasing an additional 291 shares in the last quarter. TD Asset Management Inc grew its position in Landstar System by 2.9% during the 4th quarter. TD Asset Management Inc now owns 35,438 shares of the transportation company’s stock worth $6,863,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Stifel Financial Corp grew its position in Landstar System by 1.0% during the 4th quarter. Stifel Financial Corp now owns 85,094 shares of the transportation company’s stock worth $16,479,000 after purchasing an additional 881 shares in the last quarter. Institutional investors own 97.95% of the company’s stock.

Landstar System Price Performance

LSTR stock opened at $181.27 on Friday. Landstar System has a 52-week low of $161.13 and a 52-week high of $201.40. The stock’s fifty day simple moving average is $185.05 and its 200-day simple moving average is $182.68. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of 27.89 and a beta of 0.80.

Landstar System (NASDAQ:LSTR – Get Free Report) last issued its earnings results on Tuesday, July 30th. The transportation company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.02. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.25 billion. Landstar System had a return on equity of 21.69% and a net margin of 4.49%. The business’s quarterly revenue was down 10.8% on a year-over-year basis. During the same period last year, the company posted $1.85 EPS. Equities research analysts expect that Landstar System will post 5.87 EPS for the current year.

Landstar System Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were issued a $0.36 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $1.44 annualized dividend and a dividend yield of 0.79%. This is a boost from Landstar System’s previous quarterly dividend of $0.33. Landstar System’s dividend payout ratio is currently 22.15%.

About Landstar System

(Get Free Report

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.

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