Analysts Set Landstar System, Inc. (NASDAQ:LSTR) Target Price at $174.25

Landstar System, Inc. (NASDAQ:LSTR) has been given an average recommendation of “Reduce” by the thirteen analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and twelve have assigned a hold recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $171.45.

A number of research firms have recently commented on LSTR. Susquehanna lowered their target price on Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Stephens dropped their target price on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. The Goldman Sachs Group decreased their price target on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a research note on Wednesday, October 9th. JPMorgan Chase & Co. upped their price objective on Landstar System from $184.00 to $188.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, UBS Group boosted their target price on Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th.

Landstar System Trading Down 0.5 %

NASDAQ:LSTR opened at $167.89 on Friday. Landstar System has a 52 week low of $165.39 and a 52 week high of $200.43. The firm has a 50-day moving average price of $180.91 and a two-hundred day moving average price of $183.05. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.21 and a current ratio of 2.21. The firm has a market cap of $5.93 billion, a price-to-earnings ratio of 28.80 and a beta of 0.83.

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

Landstar System Increases Dividend

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

Insider Activity

In other news, CFO James P. Todd sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total transaction of $184,320.00. Following the completion of the transaction, the chief financial officer now directly owns 14,083 shares in the company, valued at $2,595,778.56. The trade was 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. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Landstar System

Large investors have recently added to or reduced their stakes in the business. Quest Partners LLC purchased a new stake in shares of Landstar System in the 2nd quarter valued at about $73,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Landstar System by 431.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock worth $83,000 after purchasing an additional 358 shares during the last quarter. Point72 DIFC Ltd bought a new stake in Landstar System during the second quarter valued at approximately $106,000. GAMMA Investing LLC lifted its position in Landstar System by 14.1% during the third quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock valued at $107,000 after purchasing an additional 70 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Landstar System in the 2nd quarter worth approximately $131,000. 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.