Brokerages Set Landstar System, Inc. (NASDAQ:LSTR) PT at $189.09

Shares of Landstar System, Inc. (NASDAQ:LSTR) have received a consensus recommendation of “Hold” from the fifteen analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $190.0909.

Several equities analysts have commented on the stock. Morgan Stanley reissued an “underweight” rating and set a $145.00 target price on shares of Landstar System in a research note on Monday, July 6th. Robert W. Baird boosted their price objective on Landstar System from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, June 17th. TD Cowen lifted their price objective on shares of Landstar System from $150.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. Barclays upped their target price on Landstar System from $155.00 to $190.00 and gave the company an “equal weight” rating in a report on Thursday, June 25th. Finally, Susquehanna increased their price objective on Landstar System from $185.00 to $195.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th.

Insider Transactions at Landstar System

In other Landstar System news, Director Diana M. Murphy sold 11,246 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $221.28, for a total value of $2,488,514.88. Following the transaction, the director directly owned 18,853 shares in the company, valued at $4,171,791.84. The trade was a 37.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James P. Todd sold 1,200 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $218.17, for a total value of $261,804.00. Following the sale, the chief financial officer owned 15,122 shares in the company, valued at approximately $3,299,166.74. This trade represents a 7.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.74% of the stock is owned by company insiders.

Institutional Trading of Landstar System

Several hedge funds have recently modified their holdings of LSTR. Los Angeles Capital Management LLC acquired a new position in Landstar System during the 4th quarter valued at about $25,000. Quarry LP acquired a new position in shares of Landstar System in the 3rd quarter valued at $25,000. Global Retirement Partners LLC grew its stake in Landstar System by 320.0% in the fourth quarter. Global Retirement Partners LLC now owns 189 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 144 shares during the period. Geneos Wealth Management Inc. increased its stake in Landstar System by 132.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock worth $37,000 after purchasing an additional 142 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Landstar System by 1,490.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 318 shares of the transportation company’s stock worth $39,000 after acquiring an additional 298 shares in the last quarter. 97.95% of the stock is owned by institutional investors.

Landstar System Stock Performance

Shares of LSTR stock opened at $212.87 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.88 and a current ratio of 1.88. The company’s 50-day simple moving average is $202.47 and its 200-day simple moving average is $172.74. Landstar System has a one year low of $119.32 and a one year high of $228.46. The stock has a market capitalization of $7.22 billion, a price-to-earnings ratio of 58.80 and a beta of 0.89.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.05. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Landstar System had a net margin of 2.62% and a return on equity of 19.49%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.95 EPS. Equities analysts anticipate that Landstar System will post 5.66 earnings per share for the current fiscal year.

Landstar System declared that its Board of Directors has approved a share repurchase program on Tuesday, April 28th that allows the company to buyback 1,115,195,000,000 shares. This buyback authorization allows the transportation company to repurchase up to 3.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Landstar System Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 19th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, May 19th. This represents a $1.60 annualized dividend and a yield of 0.8%. Landstar System’s dividend payout ratio is presently 44.20%.

Landstar System Company Profile

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.