Brokerages Set Landstar System, Inc. (NASDAQ:LSTR) PT at $169.45

Landstar System, Inc. (NASDAQ:LSTR) has earned an average recommendation of “Reduce” from the thirteen research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $166.73.

A number of equities research analysts have issued reports on LSTR shares. JPMorgan Chase & Co. reduced their target price 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. Benchmark reiterated a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. Truist Financial assumed coverage on Landstar System in a research note on Thursday, March 13th. They set a “hold” rating and a $160.00 target price for the company. Susquehanna cut their price target on Landstar System from $150.00 to $130.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Stifel Nicolaus lifted their price objective on Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd.

Landstar System Price Performance

LSTR stock opened at $148.73 on Friday. The business’s fifty day moving average price is $159.96 and its 200 day moving average price is $173.93. Landstar System has a 12-month low of $144.13 and a 12-month high of $196.86. The company has a market capitalization of $5.25 billion, a PE ratio of 26.94 and a beta of 0.82. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results 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 return on equity of 19.56% and a net margin of 4.07%. On average, sell-side analysts anticipate that Landstar System will post 6.1 EPS for the current year.

Landstar System Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.36 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a yield of 0.97%. Landstar System’s payout ratio is currently 26.09%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System boosted its stake in Landstar System by 4.9% in the fourth quarter. California State Teachers Retirement System now owns 35,808 shares of the transportation company’s stock valued at $6,154,000 after acquiring an additional 1,685 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Landstar System by 3.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,014 shares of the transportation company’s stock valued at $518,000 after purchasing an additional 94 shares during the last quarter. Brooklyn FI LLC acquired a new stake in shares of Landstar System in the 4th quarter valued at about $386,000. Ascent Group LLC grew its stake in Landstar System by 24.5% during the 4th quarter. Ascent Group LLC now owns 7,371 shares of the transportation company’s stock worth $1,267,000 after buying an additional 1,451 shares during the last quarter. Finally, Kolinsky Wealth Management LLC increased its position in Landstar System by 24.7% during the fourth quarter. Kolinsky Wealth Management LLC now owns 2,486 shares of the transportation company’s stock worth $427,000 after buying an additional 492 shares during the period. 97.95% of the stock is owned by hedge funds and other institutional investors.

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.