Analysts Set Landstar System, Inc. (NASDAQ:LSTR) Price Target at $179.36

Landstar System, Inc. (NASDAQ:LSTR) has been assigned a consensus rating of “Hold” from the fourteen research firms that are covering the stock, Marketbeat Ratings reports. Twelve investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $179.3636.

LSTR has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on Landstar System from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Truist Financial lifted their target price on shares of Landstar System from $145.00 to $190.00 and gave the company a “hold” rating in a research note on Wednesday, April 29th. Benchmark reissued a “hold” rating on shares of Landstar System in a research note on Thursday, January 29th. JPMorgan Chase & Co. upped their price target on shares of Landstar System from $161.00 to $179.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Finally, Stifel Nicolaus upped their price target on shares of Landstar System from $147.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, April 29th.

Hedge Funds Weigh In On Landstar System

Institutional investors have recently bought and sold shares of the stock. Los Angeles Capital Management LLC bought a new position in Landstar System during the fourth quarter valued at about $25,000. Global Retirement Partners LLC raised its holdings in Landstar System by 320.0% during the fourth quarter. Global Retirement Partners LLC now owns 189 shares of the transportation company’s stock valued at $27,000 after buying an additional 144 shares in the last quarter. Quarry LP bought a new position in Landstar System during the third quarter valued at about $25,000. Geneos Wealth Management Inc. raised its holdings in Landstar System by 132.7% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock valued at $37,000 after buying an additional 142 shares in the last quarter. Finally, Private Trust Co. NA raised its holdings in Landstar System by 81.0% during the fourth quarter. Private Trust Co. NA now owns 277 shares of the transportation company’s stock valued at $40,000 after buying an additional 124 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors.

Landstar System Trading Up 1.5%

NASDAQ LSTR opened at $194.01 on Wednesday. Landstar System has a one year low of $119.32 and a one year high of $195.84. The company has a 50-day simple moving average of $169.40 and a 200-day simple moving average of $153.39. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market capitalization of $6.58 billion, a PE ratio of 53.59 and a beta of 0.85.

Landstar System (NASDAQ:LSTR) last released its earnings results on Tuesday, April 28th. The transportation company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.11 by $0.05. Landstar System had a net margin of 2.62% and a return on equity of 19.49%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the company earned $0.95 EPS. Landstar System’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities analysts forecast that Landstar System will post 5.55 earnings per share for the current year.

Landstar System Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Tuesday, May 19th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. Landstar System’s dividend payout ratio (DPR) is presently 44.20%.

Landstar System announced that its board has initiated a share repurchase plan on Tuesday, April 28th that permits the company to buyback 1,115,195,000,000 shares. This buyback authorization permits the transportation company to reacquire up to 3.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Landstar System Company Profile

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.