Analysts Set Landstar System, Inc. (NASDAQ:LSTR) Target Price at $153.00

Shares of Landstar System, Inc. (NASDAQ:LSTR) have earned a consensus recommendation of “Hold” from the fifteen ratings firms that are covering the firm, MarketBeat.com reports. Thirteen analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $153.00.

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Landstar System from $134.00 to $162.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Zacks Research upgraded shares of Landstar System from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. TD Cowen reissued a “hold” rating on shares of Landstar System in a report on Friday, January 9th. Truist Financial cut their target price on Landstar System from $150.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, January 29th. Finally, Stifel Nicolaus increased their price target on Landstar System from $145.00 to $147.00 and gave the company a “hold” rating in a research note on Thursday.

Landstar System Stock Performance

LSTR stock opened at $163.27 on Tuesday. The company has a 50-day simple moving average of $153.72 and a 200 day simple moving average of $141.30. The company has a market capitalization of $5.55 billion, a P/E ratio of 49.33 and a beta of 0.80. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. Landstar System has a fifty-two week low of $119.32 and a fifty-two week high of $166.11.

Landstar System Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 18th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $1.60 annualized dividend and a yield of 1.0%. Landstar System’s dividend payout ratio (DPR) is currently 48.34%.

Institutional Trading of Landstar System

A number of hedge funds and other institutional investors have recently made changes to their positions in LSTR. Los Angeles Capital Management LLC acquired a new position in shares of Landstar System in the 4th quarter worth $25,000. Quarry LP purchased a new stake in shares of Landstar System during the third quarter valued at $25,000. Global Retirement Partners LLC boosted its position in shares of Landstar System by 320.0% in the 4th quarter. Global Retirement Partners LLC now owns 189 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 144 shares during the period. MAI Capital Management boosted its position in shares of Landstar System by 79.3% in the 2nd quarter. MAI Capital Management now owns 242 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 107 shares during the period. Finally, UMB Bank n.a. increased its stake in Landstar System by 335.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the transportation company’s stock worth $36,000 after purchasing an additional 225 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors.

About Landstar System

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.