Landstar System, Inc. (NASDAQ:LSTR) Receives $172.27 Consensus Target Price from Brokerages

Shares of Landstar System, Inc. (NASDAQ:LSTR) have earned a consensus recommendation of “Reduce” from the twelve research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and eleven have issued a hold rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $170.40.

LSTR has been the subject of a number of recent research reports. The Goldman Sachs Group reduced their target price on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a report on Wednesday, October 9th. Benchmark reissued a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. Susquehanna lowered their target price on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Evercore ISI decreased their price objective on Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a report on Wednesday, October 30th. Finally, TD Cowen dropped their target price on Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th.

Landstar System Price Performance

NASDAQ LSTR opened at $162.00 on Thursday. The company has a market cap of $5.72 billion, a PE ratio of 29.35 and a beta of 0.83. The firm’s 50 day moving average price is $175.66 and its 200-day moving average price is $181.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96. Landstar System has a 52-week low of $159.87 and a 52-week high of $196.86.

Landstar System (NASDAQ:LSTR) last announced its earnings results 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 4.07% and a return on equity of 19.56%. Sell-side analysts forecast that Landstar System will post 6.42 EPS for the current fiscal year.

Landstar System Announces Dividend

The company also recently announced 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 of this dividend is Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a yield of 0.89%. Landstar System’s dividend payout ratio is currently 26.09%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LSTR. Proficio Capital Partners LLC acquired a new stake in Landstar System during the 4th quarter worth about $8,463,000. NewEdge Wealth LLC grew its holdings in Landstar System by 3.9% during the fourth quarter. NewEdge Wealth LLC now owns 20,383 shares of the transportation company’s stock worth $3,503,000 after acquiring an additional 762 shares during the period. Bank of New York Mellon Corp raised its position in Landstar System by 4.3% during the fourth quarter. Bank of New York Mellon Corp now owns 389,019 shares of the transportation company’s stock valued at $66,857,000 after acquiring an additional 15,986 shares in the last quarter. Parthenon LLC lifted its holdings in Landstar System by 1.8% in the fourth quarter. Parthenon LLC now owns 67,997 shares of the transportation company’s stock valued at $11,686,000 after acquiring an additional 1,222 shares during the period. Finally, Cardinal Capital Management boosted its position in Landstar System by 3.5% in the 4th quarter. Cardinal Capital Management now owns 22,288 shares of the transportation company’s stock worth $3,830,000 after purchasing an additional 754 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.