Landstar System (NASDAQ:LSTR) Now Covered by Analysts at Truist Financial

Truist Financial started coverage on shares of Landstar System (NASDAQ:LSTR) in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. The firm issued a hold rating and a $160.00 target price on the transportation company’s stock.

A number of other equities research analysts have also commented on LSTR. JPMorgan Chase & Co. decreased their price objective 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. Raymond James downgraded shares of Landstar System from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Stifel Nicolaus raised their target price on shares of Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Finally, Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company. According to MarketBeat, Landstar System presently has a consensus rating of “Hold” and an average price target of $169.45.

Landstar System Price Performance

NASDAQ:LSTR opened at $150.41 on Thursday. The stock has a market cap of $5.31 billion, a P/E ratio of 27.25 and a beta of 0.82. Landstar System has a one year low of $147.59 and a one year high of $196.86. The company has a fifty day moving average price of $163.83 and a 200 day moving average price of $175.94. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. Analysts anticipate that Landstar System will post 6.1 earnings per share for the current year.

Landstar System Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Tuesday, February 18th. Landstar System’s dividend payout ratio is currently 26.09%.

Institutional Investors Weigh In On Landstar System

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in Landstar System in the fourth quarter valued at about $25,000. HM Payson & Co. acquired a new position in Landstar System in the fourth quarter valued at about $26,000. Colonial Trust Co SC raised its stake in Landstar System by 61.7% in the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 71 shares in the last quarter. Trust Co. of Vermont acquired a new position in Landstar System in the fourth quarter valued at about $34,000. Finally, BOKF NA raised its stake in Landstar System by 56.1% in the fourth quarter. BOKF NA now owns 348 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 125 shares in the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

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.