Landstar System, Inc. (LSTR) Receives $112.50 Average Target Price from Brokerages

Shares of Landstar System, Inc. (NASDAQ:LSTR) have earned an average recommendation of “Hold” from the fifteen research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $112.50.

A number of research firms have recently weighed in on LSTR. Cowen reissued a “market perform” rating and issued a $108.00 target price (down previously from $118.00) on shares of Landstar System in a research note on Thursday, April 26th. BidaskClub raised Landstar System from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 14th. Morgan Stanley boosted their target price on Landstar System from $75.00 to $94.00 and gave the company an “underweight” rating in a research note on Monday, February 26th. Goldman Sachs Group began coverage on Landstar System in a research note on Tuesday, April 10th. They issued a “buy” rating and a $130.00 target price for the company. Finally, Credit Suisse Group lowered their target price on Landstar System from $115.00 to $108.00 and set a “neutral” rating for the company in a research note on Monday, April 30th.

Landstar System stock traded down $0.60 during midday trading on Monday, hitting $114.40. 6,286 shares of the company’s stock were exchanged, compared to its average volume of 331,211. Landstar System has a 52-week low of $80.00 and a 52-week high of $118.60. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.10. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 30.69, a PEG ratio of 1.48 and a beta of 0.86.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, April 25th. The transportation company reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.02. Landstar System had a return on equity of 27.86% and a net margin of 5.17%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue was up 34.2% compared to the same quarter last year. research analysts anticipate that Landstar System will post 5.78 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Thursday, May 10th were paid a $0.15 dividend. The ex-dividend date was Wednesday, May 9th. This represents a $0.60 annualized dividend and a dividend yield of 0.52%. Landstar System’s payout ratio is currently 16.00%.

In other Landstar System news, CMO Patrick J. O’malley sold 1,812 shares of the stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $115.62, for a total transaction of $209,503.44. Following the sale, the chief marketing officer now directly owns 32,830 shares in the company, valued at approximately $3,795,804.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.90% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Schwab Charles Investment Management Inc. grew its position in shares of Landstar System by 6.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 295,684 shares of the transportation company’s stock valued at $30,781,000 after purchasing an additional 17,340 shares in the last quarter. Old Mutual Global Investors UK Ltd. grew its position in shares of Landstar System by 64.5% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 246,964 shares of the transportation company’s stock valued at $25,708,000 after purchasing an additional 96,840 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of Landstar System by 55.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 137,225 shares of the transportation company’s stock valued at $14,285,000 after purchasing an additional 48,700 shares in the last quarter. Spectrum Asset Management Inc. NB CA purchased a new position in Landstar System in the fourth quarter worth about $933,000. Finally, Swiss National Bank grew its position in Landstar System by 1.9% in the fourth quarter. Swiss National Bank now owns 71,400 shares of the transportation company’s stock worth $7,433,000 after acquiring an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 97.36% 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, including third party logistics and less-than-truckload service providers.

Analyst Recommendations for Landstar System (NASDAQ:LSTR)

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