Landstar System’s (LSTR) Hold Rating Reaffirmed at Benchmark

Benchmark reaffirmed their hold rating on shares of Landstar System (NASDAQ:LSTR) in a research report report published on Friday morning, Benzinga reports.

Other equities analysts have also issued research reports about the stock. Wolfe Research raised shares of Landstar System from a peer perform rating to an outperform rating and set a $205.00 price objective on the stock in a research report on Wednesday, January 10th. Wells Fargo & Company raised their price objective on shares of Landstar System from $165.00 to $180.00 and gave the company an equal weight rating in a research report on Friday, February 2nd. UBS Group raised their price objective on shares of Landstar System from $175.00 to $200.00 and gave the company a neutral rating in a research report on Friday, February 2nd. Stifel Nicolaus cut their price objective on shares of Landstar System from $171.00 to $166.00 and set a hold rating on the stock in a research report on Friday, February 2nd. Finally, Susquehanna cut their price objective on shares of Landstar System from $165.00 to $160.00 and set a neutral rating on the stock in a research report on Friday. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Landstar System presently has a consensus rating of Hold and a consensus target price of $184.09.

Landstar System Stock Performance

LSTR stock opened at $177.26 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.00 and a current ratio of 2.22. The stock has a market cap of $6.34 billion, a P/E ratio of 27.27, a P/E/G ratio of 4.68 and a beta of 0.83. The firm has a 50 day simple moving average of $184.33 and a 200 day simple moving average of $183.48. Landstar System has a 52 week low of $161.13 and a 52 week high of $208.62.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.28 by $0.04. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Landstar System had a net margin of 4.63% and a return on equity of 23.11%. Research analysts anticipate that Landstar System will post 6.71 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Wednesday, May 8th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Tuesday, May 7th. Landstar System’s dividend payout ratio is 20.31%.

Insider Activity

In related news, VP Michael K. Kneller sold 12,219 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the transaction, the vice president now owns 61,127 shares of the company’s stock, valued at $11,632,468.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Landstar System

A number of institutional investors and hedge funds have recently bought and sold shares of LSTR. Mather Group LLC. bought a new position in Landstar System during the first quarter worth $27,000. SRS Capital Advisors Inc. increased its position in Landstar System by 209.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 192 shares of the transportation company’s stock worth $37,000 after acquiring an additional 130 shares during the period. Montag A & Associates Inc. bought a new position in Landstar System during the fourth quarter worth $48,000. Larson Financial Group LLC bought a new position in Landstar System during the third quarter worth $49,000. Finally, GAMMA Investing LLC bought a new position in Landstar System during the fourth quarter worth $58,000. Institutional investors own 97.95% of the company’s stock.

Landstar System Company Profile

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.