Landstar System, Inc. (NASDAQ:LSTR) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Landstar System, Inc. (NASDAQ:LSTR) have received an average recommendation of “Reduce” from the thirteen analysts that are presently covering the firm, Marketbeat Ratings reports. One equities 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 issued a report on the stock in the last year is $172.27.

Several research analysts have recently weighed in on LSTR shares. Evercore ISI decreased their price objective on shares of Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a report on Wednesday, October 30th. Stephens lowered their price target 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. Raymond James lowered shares of Landstar System from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. UBS Group raised their price objective on shares of Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted 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.

Landstar System Stock Performance

Shares of LSTR stock opened at $172.92 on Thursday. 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’s fifty day moving average price is $177.67 and its 200-day moving average price is $182.26. The stock has a market cap of $6.11 billion, a PE ratio of 29.66 and a beta of 0.83. Landstar System has a 12 month low of $164.04 and a 12 month high of $197.16.

Landstar System (NASDAQ:LSTR) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Landstar System had a return on equity of 20.68% and a net margin of 4.32%. On average, equities analysts expect that Landstar System will post 5.57 EPS for the current fiscal year.

Landstar System Increases Dividend

The business also recently declared a special dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were paid a dividend of $2.00 per share. This is a positive change from Landstar System’s previous special dividend of $1.50. The ex-dividend date was Tuesday, January 7th. Landstar System’s dividend payout ratio is presently 24.70%.

Insider Buying and Selling

In other news, CFO James P. Todd sold 1,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $2,595,778.56. This represents a 6.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC purchased a new stake in Landstar System in the 4th quarter worth approximately $25,000. Trust Co. of Vermont acquired a new position in shares of Landstar System in the 4th quarter valued at $34,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in Landstar System by 431.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock worth $83,000 after buying an additional 358 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in Landstar System during the second quarter valued at $106,000. Finally, GAMMA Investing LLC increased its holdings in Landstar System by 14.1% in the third quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock valued at $107,000 after buying an additional 70 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

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.