Landstar System (NASDAQ:LSTR) Earns Hold Rating from Benchmark

Benchmark reiterated their hold rating on shares of Landstar System (NASDAQ:LSTR) in a research note published on Thursday morning,Benzinga reports.

Several other equities research analysts also recently weighed in on LSTR. Susquehanna decreased their target price on shares of Landstar System from $150.00 to $130.00 and set a “neutral” rating for the company in a research note on Wednesday, March 26th. Truist Financial decreased their price objective on Landstar System from $160.00 to $150.00 and set a “hold” rating for the company in a research report on Thursday. JPMorgan Chase & Co. lowered their target price on Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. TD Cowen cut their price target on Landstar System from $161.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday. Finally, Stifel Nicolaus lifted their price objective on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $160.45.

Landstar System Trading Down 1.4 %

LSTR opened at $136.64 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 24.75 and a beta of 0.82. The business has a fifty day moving average price of $156.41 and a 200 day moving average price of $172.34. Landstar System has a 12 month low of $132.41 and a 12 month high of $196.86.

Landstar System (NASDAQ:LSTR) last released 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 return on equity of 19.56% and a net margin of 4.07%. Sell-side analysts expect that Landstar System will post 6.1 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.44 annualized dividend and a dividend yield of 1.05%. Landstar System’s payout ratio is currently 26.09%.

Hedge Funds Weigh In On Landstar System

A number of large investors have recently made changes to their positions in LSTR. Roberts Wealth Advisors LLC grew its position in Landstar System by 1.3% during the fourth quarter. Roberts Wealth Advisors LLC now owns 4,616 shares of the transportation company’s stock worth $818,000 after buying an additional 60 shares during the period. Colonial Trust Co SC boosted its stake in shares of Landstar System by 61.7% during the 4th quarter. Colonial Trust Co SC now owns 186 shares of the transportation company’s stock worth $32,000 after acquiring an additional 71 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Landstar System by 3.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,014 shares of the transportation company’s stock worth $518,000 after acquiring an additional 94 shares in the last quarter. Huntington National Bank grew its holdings in shares of Landstar System by 12.2% in the 4th quarter. Huntington National Bank now owns 1,037 shares of the transportation company’s stock worth $178,000 after acquiring an additional 113 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in Landstar System by 1.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 8,865 shares of the transportation company’s stock valued at $1,524,000 after purchasing an additional 114 shares in the last quarter. Hedge funds and other institutional investors 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.