Brokerages Set Landstar System, Inc. (NASDAQ:LSTR) PT at $172.27

Shares of Landstar System, Inc. (NASDAQ:LSTR) have earned a consensus recommendation of “Reduce” from the twelve analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and eleven have given a hold recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $170.40.

A number of brokerages have commented on LSTR. UBS Group upped their target price on shares of Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Raymond James cut shares of Landstar System from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. The Goldman Sachs Group reduced their price objective on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a research note on Wednesday, October 9th. Stephens dropped their target price on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Finally, Benchmark restated a “hold” rating on shares of Landstar System in a research report on Friday.

Landstar System Price Performance

LSTR stock opened at $162.81 on Thursday. Landstar System has a 12-month low of $159.87 and a 12-month high of $196.86. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. The firm’s 50-day moving average price is $177.10 and its two-hundred day moving average price is $181.94. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 29.49 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. As a group, equities analysts predict that Landstar System will post 6.42 earnings per share for the current year.

Landstar System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.44 annualized dividend and a dividend yield of 0.88%. Landstar System’s dividend payout ratio (DPR) is presently 26.09%.

Insider Buying and Selling

In other Landstar System news, CFO James P. Todd sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total transaction of $184,320.00. Following the transaction, the chief financial officer now owns 14,083 shares of the company’s stock, valued at approximately $2,595,778.56. This trade represents a 6.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.75% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Roberts Wealth Advisors LLC grew its position in shares of Landstar System by 1.3% in the 4th quarter. Roberts Wealth Advisors LLC now owns 4,616 shares of the transportation company’s stock worth $818,000 after buying an additional 60 shares during the last quarter. OneDigital Investment Advisors LLC boosted its stake in Landstar System by 1.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,678 shares of the transportation company’s stock worth $883,000 after purchasing an additional 68 shares in the last quarter. GAMMA Investing LLC lifted its stake in Landstar System by 14.1% during the 3rd quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock valued at $107,000 after acquiring an additional 70 shares during the period. Equitable Trust Co. lifted its stake in Landstar System by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 3,250 shares of the transportation company’s stock valued at $614,000 after acquiring an additional 71 shares during the period. Finally, Caprock Group LLC increased its holdings in shares of Landstar System by 2.3% during the 3rd quarter. Caprock Group LLC now owns 3,378 shares of the transportation company’s stock valued at $638,000 after purchasing an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.

About Landstar System

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics and less-than-truckload services.