Shares of Landstar System, Inc. (NASDAQ:LSTR) have earned an average rating of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $82.67.
Several research analysts have commented on LSTR shares. BidaskClub downgraded Landstar System from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded Landstar System from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research note on Thursday, July 6th. Stifel Nicolaus raised their target price on Landstar System from $81.00 to $87.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Cowen and Company raised their target price on Landstar System from $76.00 to $82.00 and gave the stock a “market perform” rating in a research note on Thursday, April 27th. Finally, Morgan Stanley raised their target price on Landstar System from $66.00 to $68.00 and gave the stock an “underweight” rating in a research note on Monday.
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Hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Landstar System by 7,684.2% in the first quarter. BlackRock Inc. now owns 4,087,876 shares of the transportation company’s stock worth $350,127,000 after buying an additional 4,035,361 shares in the last quarter. Norges Bank purchased a new position in shares of Landstar System during the fourth quarter worth $41,109,000. FMR LLC boosted its position in shares of Landstar System by 64.7% in the second quarter. FMR LLC now owns 1,209,985 shares of the transportation company’s stock worth $103,575,000 after buying an additional 475,220 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Landstar System by 505.1% in the first quarter. First Trust Advisors LP now owns 264,257 shares of the transportation company’s stock worth $22,634,000 after buying an additional 220,586 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Landstar System by 641.1% in the second quarter. Alliancebernstein L.P. now owns 192,125 shares of the transportation company’s stock worth $16,446,000 after buying an additional 166,201 shares in the last quarter. Hedge funds and other institutional investors own 97.12% of the company’s stock.
Landstar System (LSTR) traded up 0.872% on Friday, reaching $83.875. The company had a trading volume of 126,370 shares. The stock’s 50-day moving average price is $85.71 and its 200-day moving average price is $85.26. The stock has a market capitalization of $3.52 billion, a P/E ratio of 24.227 and a beta of 0.75. Landstar System has a 12-month low of $65.05 and a 12-month high of $90.80.
Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.01. The company had revenue of $870.34 million during the quarter, compared to the consensus estimate of $859.30 million. Landstar System had a return on equity of 26.11% and a net margin of 4.37%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 EPS. On average, equities research analysts anticipate that Landstar System will post $3.55 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 14th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Thursday, August 10th. This is an increase from Landstar System’s previous quarterly dividend of $0.09. Landstar System’s dividend payout ratio (DPR) is 10.40%.
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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