Landstar System (LSTR) Rating Reiterated by Robert W. Baird

Robert W. Baird reiterated their hold rating on shares of Landstar System (NASDAQ:LSTR) in a research report report published on Tuesday. Robert W. Baird currently has a $105.00 price target on the transportation company’s stock.

Several other equities analysts have also recently weighed in on LSTR. Stifel Nicolaus reaffirmed a buy rating and issued a $95.00 price target on shares of Landstar System in a research report on Tuesday, September 12th. KeyCorp reaffirmed a buy rating and issued a $110.00 price target on shares of Landstar System in a research report on Tuesday, October 3rd. Morgan Stanley raised their price target on shares of Landstar System from $68.00 to $73.00 and gave the company an underweight rating in a research report on Thursday, October 5th. Zacks Investment Research raised shares of Landstar System from a hold rating to a buy rating and set a $111.00 price target on the stock in a research report on Tuesday, October 10th. Finally, Buckingham Research initiated coverage on shares of Landstar System in a research report on Friday, October 20th. They issued a neutral rating and a $103.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $101.17.

Shares of Landstar System (NASDAQ:LSTR) traded up $0.15 on Tuesday, hitting $106.20. The stock had a trading volume of 358,966 shares, compared to its average volume of 262,343. Landstar System has a 12 month low of $80.00 and a 12 month high of $107.60. The firm has a market cap of $4,450.00, a P/E ratio of 29.34, a PEG ratio of 1.85 and a beta of 0.81. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.96 and a current ratio of 1.96.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Wednesday, October 25th. The transportation company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.05. Landstar System had a net margin of 4.36% and a return on equity of 25.53%. The business had revenue of $943.40 million for the quarter, compared to analysts’ expectations of $895.31 million. During the same quarter last year, the firm earned $0.86 EPS. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. equities research analysts predict that Landstar System will post 3.69 earnings per share for the current fiscal year.

Landstar System declared that its board has approved a stock buyback program on Wednesday, December 13th that permits the company to buyback 1,960,000 outstanding shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

The company also recently announced a special dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 12th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a dividend yield of 0.39%. This is a boost from Landstar System’s previous special dividend of $1.00. Landstar System’s dividend payout ratio (DPR) is currently 11.05%.

In other Landstar System news, CEO James B. Gattoni sold 15,000 shares of Landstar System stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $98.72, for a total transaction of $1,480,800.00. Following the transaction, the chief executive officer now owns 69,339 shares of the company’s stock, valued at approximately $6,845,146.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Michael K. Kneller sold 10,000 shares of Landstar System stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $99.00, for a total transaction of $990,000.00. Following the transaction, the vice president now directly owns 22,153 shares in the company, valued at approximately $2,193,147. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,805 shares of company stock worth $4,028,128. Insiders own 1.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Landstar System by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,119 shares of the transportation company’s stock worth $524,000 after buying an additional 17 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Landstar System by 0.5% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 8,770 shares of the transportation company’s stock worth $751,000 after purchasing an additional 40 shares during the period. Northwestern Mutual Investment Management Company LLC raised its holdings in shares of Landstar System by 1.5% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 7,308 shares of the transportation company’s stock worth $502,000 after purchasing an additional 109 shares during the period. Raymond James Trust N.A. raised its holdings in shares of Landstar System by 4.0% in the 2nd quarter. Raymond James Trust N.A. now owns 4,648 shares of the transportation company’s stock worth $398,000 after purchasing an additional 178 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Landstar System by 14.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,824 shares of the transportation company’s stock worth $156,000 after purchasing an additional 224 shares during the period. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Landstar System (NASDAQ:LSTR)

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