BidaskClub upgraded shares of Landstar System (NASDAQ:LSTR) from a buy rating to a strong-buy rating in a report released on Tuesday morning.

A number of other brokerages have also weighed in on LSTR. Morgan Stanley boosted their price objective on shares of Landstar System from $68.00 to $73.00 and gave the stock an underweight rating in a report on Thursday, October 5th. Buckingham Research boosted their price objective on shares of Landstar System from $103.00 to $106.00 and gave the stock a neutral rating in a report on Friday, October 27th. Wells Fargo & Company lifted their target price on shares of Landstar System from $83.00 to $98.00 and gave the stock a market perform rating in a research note on Friday, October 27th. Cowen reaffirmed a hold rating and issued a $97.00 target price on shares of Landstar System in a research note on Friday, October 27th. Finally, Robert W. Baird reaffirmed a hold rating and issued a $102.00 target price on shares of Landstar System in a research note on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $96.67.

Shares of Landstar System (NASDAQ:LSTR) opened at $105.00 on Tuesday. The firm has a market cap of $4,305.69, a P/E ratio of 28.42, a PEG ratio of 2.07 and a beta of 0.81. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.12. Landstar System has a 1-year low of $80.00 and a 1-year high of $107.60.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Wednesday, October 25th. The transportation company reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.05. The firm had revenue of $943.40 million during the quarter, compared to analyst estimates of $895.31 million. Landstar System had a net margin of 4.36% and a return on equity of 25.53%. The business’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.86 EPS. research analysts predict that Landstar System will post 3.68 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Tuesday, November 14th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend was Monday, November 13th. Landstar System’s payout ratio is 11.08%.

In other Landstar System news, Director Dr. Homaira Akbari sold 1,000 shares of the business’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $98.30, for a total transaction of $98,300.00. Following the transaction, the director now directly owns 6,656 shares of the company’s stock, valued at approximately $654,284.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Michael K. Kneller sold 10,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $99.00, for a total transaction of $990,000.00. Following the transaction, the vice president now directly owns 22,153 shares in the company, valued at $2,193,147. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,805 shares of company stock worth $4,028,128. 1.00% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the business. TrimTabs Asset Management LLC increased its position in Landstar System by 17.1% during the 3rd quarter. TrimTabs Asset Management LLC now owns 3,794 shares of the transportation company’s stock valued at $378,000 after purchasing an additional 555 shares during the period. Public Employees Retirement System of Ohio increased its position in Landstar System by 13.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 165,307 shares of the transportation company’s stock valued at $16,473,000 after purchasing an additional 19,448 shares during the period. Virtu Financial LLC purchased a new position in Landstar System during the 3rd quarter valued at $341,000. Cubist Systematic Strategies LLC increased its position in Landstar System by 58.2% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 6,849 shares of the transportation company’s stock valued at $683,000 after purchasing an additional 2,521 shares during the period. Finally, Zions Bancorporation purchased a new position in Landstar System during the 3rd quarter valued at $167,000. 97.96% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Landstar System (LSTR) Upgraded by BidaskClub to “Strong-Buy”” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another publication, it was illegally copied and republished in violation of U.S. and international copyright laws. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/12/09/landstar-system-lstr-upgraded-by-bidaskclub-to-strong-buy.html.

About Landstar System

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)

Receive News & Stock Ratings for Landstar System Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Landstar System Inc. and related stocks with our FREE daily email newsletter.