Landstar System, Inc. (NASDAQ:LSTR) Receives $194.62 Consensus Target Price from Analysts

Shares of Landstar System, Inc. (NASDAQ:LSTR) have been given a consensus rating of “Hold” by the seventeen research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $196.00.

LSTR has been the topic of a number of recent research reports. Barclays boosted 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. Truist Financial lifted their target price on shares of Landstar System from $190.00 to $205.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. Stifel Nicolaus boosted their price target on shares of Landstar System from $186.00 to $197.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. Janney Montgomery Scott set a $182.00 price target on shares of Landstar System in a report on Wednesday, July 29th. Finally, UBS Group restated a “neutral” rating and issued a $195.00 price objective on shares of Landstar System in a research report on Wednesday, July 29th.

Landstar System Price Performance

Shares of LSTR opened at $182.99 on Monday. Landstar System has a 12-month low of $119.32 and a 12-month high of $228.46. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $6.21 billion, a P/E ratio of 47.41 and a beta of 0.90. The firm has a fifty day moving average price of $205.25 and a 200-day moving average price of $179.13.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.05). The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Landstar System had a net margin of 2.64% and a return on equity of 20.84%. The business’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.20 EPS. Equities research analysts expect that Landstar System will post 5.8 earnings per share for the current year.

Landstar System Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Tuesday, August 18th will be paid a dividend of $0.44 per share. This is a positive change from Landstar System’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. Landstar System’s dividend payout ratio (DPR) is currently 45.60%.

Landstar System declared that its Board of Directors has initiated 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 shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

Insider Activity at Landstar System

In other Landstar System news, CFO James P. Todd sold 1,200 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer owned 15,122 shares in the company, valued at approximately $3,299,166.74. This represents a 7.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Diana M. Murphy sold 11,246 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $221.28, for a total transaction of $2,488,514.88. Following the sale, the director 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 disclosure for this sale is available in the SEC filing. 0.74% of the stock is owned by company insiders.

Hedge Funds Weigh In On Landstar System

A number of large investors have recently made changes to their positions in LSTR. Meeder Advisory Services Inc. acquired a new stake in shares of Landstar System in the second quarter valued at about $229,000. Citizens Financial Group Inc. RI acquired a new position in Landstar System during the second quarter worth about $593,000. BlackRock Inc. purchased a new position in Landstar System in the second quarter valued at about $698,683,000. Pallas Capital Advisors LLC purchased a new position in Landstar System in the second quarter valued at about $474,000. Finally, Deutsche Bank AG purchased a new stake in shares of Landstar System during the 2nd quarter worth approximately $6,351,000. Hedge funds and other institutional investors own 97.95% of the company’s stock.

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.