Landstar System, Inc. (LSTR) Receives Average Recommendation of “Hold” from Analysts
Landstar System, Inc. (NASDAQ:LSTR) has been assigned a consensus rating of “Hold” from the fourteen brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $99.55.
A number of brokerages have recently commented on LSTR. Zacks Investment Research raised Landstar System from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a report on Wednesday. BidaskClub cut Landstar System from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 3rd. Buckingham Research started coverage on Landstar System in a research note on Friday, October 20th. They set a “neutral” rating and a $103.00 target price for the company. Susquehanna Bancshares raised Landstar System from a “neutral” rating to a “positive” rating and raised their target price for the company from $109.00 to $124.00 in a research note on Monday. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $105.00 target price on shares of Landstar System in a research note on Tuesday.
In related news, CEO James B. Gattoni sold 15,000 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $98.72, for a total value of $1,480,800.00. Following the completion of the transaction, the chief executive officer now owns 69,339 shares in the company, valued at approximately $6,845,146.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dr. Homaira Akbari sold 1,000 shares of the stock in a transaction on Friday, November 24th. The shares were sold at an average price of $98.30, for a total value of $98,300.00. Following the completion of the transaction, the director now owns 6,656 shares of the company’s stock, valued at approximately $654,284.80. The disclosure for this sale can be found here. Insiders have sold 40,805 shares of company stock valued at $4,028,128 in the last ninety days. Company insiders own 1.00% of the company’s stock.
Landstar System (NASDAQ LSTR) opened at $107.90 on Friday. The company has a market capitalization of $4,530.00, a price-to-earnings ratio of 29.81, a PEG ratio of 1.85 and a beta of 0.81. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.12. Landstar System has a fifty-two week low of $80.00 and a fifty-two week high of $108.40.
Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, October 25th. The transportation company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.05. The company had revenue of $943.40 million for the quarter, compared to analyst estimates of $895.31 million. Landstar System had a return on equity of 25.53% and a net margin of 4.36%. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period last year, the company earned $0.86 earnings per share. sell-side analysts predict that Landstar System will post 3.69 EPS for the current fiscal year.
Landstar System declared that its Board of Directors has authorized a stock buyback plan on Wednesday, December 13th that permits the company to buyback 1,960,000 shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
The company also recently announced a special dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 12th will be paid a dividend of $1.50 per share. The ex-dividend date is Thursday, January 11th. This represents a yield of 0.39%. This is a boost from Landstar System’s previous special dividend of $1.00. Landstar System’s dividend payout ratio (DPR) is currently 11.05%.
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.
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