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

Landstar System, Inc. (NASDAQ:LSTR) has received an average recommendation of “Reduce” from the thirteen brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $174.25.

Several analysts recently weighed in on LSTR shares. Stifel Nicolaus decreased their price objective on Landstar System from $164.00 to $160.00 and set a “hold” rating for the company in a report on Thursday, August 1st. Susquehanna reduced their price target on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, November 1st. JPMorgan Chase & Co. upped their price target on shares of Landstar System from $184.00 to $188.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. UBS Group lifted their price objective on shares of Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Stephens lowered their target price on Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th.

Insider Transactions at Landstar System

In related news, CFO James P. Todd sold 1,000 shares of Landstar System stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 14,083 shares in the company, valued at $2,595,778.56. This trade represents a 6.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. increased its position in shares of Landstar System by 2.9% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,008 shares of the transportation company’s stock valued at $387,000 after acquiring an additional 57 shares during the period. OneDigital Investment Advisors LLC raised its stake in shares of Landstar System by 1.5% in the third quarter. OneDigital Investment Advisors LLC now owns 4,678 shares of the transportation company’s stock worth $883,000 after purchasing an additional 68 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Landstar System by 14.1% during the third quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock worth $107,000 after purchasing an additional 70 shares during the period. Equitable Trust Co. boosted its position in Landstar System by 2.2% in the third quarter. Equitable Trust Co. now owns 3,250 shares of the transportation company’s stock valued at $614,000 after buying an additional 71 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Landstar System by 13.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 595 shares of the transportation company’s stock worth $115,000 after buying an additional 72 shares during the period. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Landstar System Price Performance

Landstar System stock opened at $180.83 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.21 and a quick ratio of 2.21. The stock has a market cap of $6.39 billion, a price-to-earnings ratio of 31.02 and a beta of 0.81. The firm has a 50-day moving average of $183.93 and a two-hundred day moving average of $183.51. Landstar System has a 1 year low of $165.39 and a 1 year high of $201.40.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.71 EPS. On average, research analysts forecast that Landstar System will post 5.57 earnings per share for the current year.

Landstar System Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.80%. The ex-dividend date is Tuesday, November 19th. Landstar System’s dividend payout ratio is presently 24.70%.

About Landstar System

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.