Stifel Nicolaus reiterated their buy rating on shares of Landstar System, Inc. (NASDAQ:LSTR) in a report issued on Tuesday morning. Stifel Nicolaus currently has a $95.00 target price on the transportation company’s stock.

LSTR has been the topic of a number of other research reports. Deutsche Bank AG lowered Landstar System from a buy rating to a hold rating and dropped their price target for the stock from $97.00 to $87.00 in a research note on Monday, July 31st. BidaskClub lowered Landstar System from a hold rating to a sell rating in a research note on Tuesday, June 27th. Stephens upgraded Landstar System from an equal weight rating to an overweight rating and boosted their price target for the stock from $88.00 to $103.00 in a research note on Wednesday, August 30th. Cowen and Company restated a hold rating and set a $86.00 price target on shares of Landstar System in a research note on Monday, August 28th. Finally, Morgan Stanley boosted their price target on Landstar System from $66.00 to $68.00 and gave the stock an underweight rating in a research note on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $87.63.

Shares of Landstar System (NASDAQ:LSTR) opened at 95.10 on Tuesday. Landstar System has a one year low of $65.05 and a one year high of $96.15. The stock’s 50 day moving average is $86.12 and its 200-day moving average is $85.53. The stock has a market cap of $3.99 billion, a P/E ratio of 27.47 and a beta of 0.74.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.01. Landstar System had a return on equity of 26.11% and a net margin of 4.37%. The business had revenue of $870.34 million for the quarter, compared to analyst estimates of $859.30 million. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The company’s revenue was up 12.3% on a year-over-year basis. On average, equities analysts forecast that Landstar System will post $3.56 EPS for the current year.

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The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 14th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $0.40 dividend on an annualized basis and a yield of 0.42%. This is a positive change from Landstar System’s previous quarterly dividend of $0.09. Landstar System’s dividend payout ratio is currently 11.56%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Landstar System by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,119 shares of the transportation company’s stock valued at $524,000 after buying an additional 17 shares during the last quarter. Capstone Asset Management Co. boosted its position in Landstar System by 0.4% in the second quarter. Capstone Asset Management Co. now owns 4,531 shares of the transportation company’s stock valued at $388,000 after buying an additional 20 shares during the last quarter. BB&T Corp boosted its position in Landstar System by 1.3% in the second quarter. BB&T Corp now owns 3,033 shares of the transportation company’s stock valued at $260,000 after buying an additional 39 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in Landstar System by 0.5% in the second quarter. Oppenheimer & Co. Inc. now owns 8,770 shares of the transportation company’s stock valued at $751,000 after buying an additional 40 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in Landstar System by 2.9% in the second quarter. IFP Advisors Inc now owns 1,646 shares of the transportation company’s stock valued at $141,000 after buying an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 97.00% of the company’s stock.

Landstar System Company Profile

Landstar System, Inc (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs.

Analyst Recommendations for Landstar System (NASDAQ:LSTR)

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