Shares of Landstar System, Inc. (NASDAQ:LSTR) have been given an average recommendation of “Hold” by the fourteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $111.75.
LSTR has been the topic of a number of research reports. Stifel Nicolaus boosted their target price on shares of Landstar System from $119.00 to $123.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Cowen reiterated a “market perform” rating and issued a $115.00 target price (up from $110.00) on shares of Landstar System in a report on Thursday, April 25th. BidaskClub downgraded shares of Landstar System from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Finally, Buckingham Research dropped their target price on shares of Landstar System from $115.00 to $114.00 and set a “neutral” rating on the stock in a report on Tuesday, April 2nd.
Shares of NASDAQ LSTR traded up $0.63 during midday trading on Monday, reaching $96.88. The company’s stock had a trading volume of 722,800 shares, compared to its average volume of 363,311. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.00 and a quick ratio of 2.00. Landstar System has a one year low of $90.23 and a one year high of $128.70. The company has a market capitalization of $3.87 billion, a P/E ratio of 15.68, a PEG ratio of 1.25 and a beta of 1.22.
Landstar System (NASDAQ:LSTR) last released its earnings results on Wednesday, April 24th. The transportation company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.06. Landstar System had a net margin of 5.68% and a return on equity of 37.24%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the firm earned $1.37 EPS. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, analysts anticipate that Landstar System will post 6.41 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Thursday, May 9th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.68%. Landstar System’s dividend payout ratio is currently 10.68%.
In other news, COO Joseph J. Beacom sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $114.12, for a total transaction of $570,600.00. Following the sale, the chief operating officer now owns 45,924 shares in the company, valued at $5,240,846.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Patrick J. O’malley sold 23,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $110.82, for a total transaction of $2,548,860.00. Following the sale, the chief marketing officer now owns 20,929 shares in the company, valued at approximately $2,319,351.78. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in LSTR. Clearbridge Investments LLC grew its position in Landstar System by 3.4% in the first quarter. Clearbridge Investments LLC now owns 135,560 shares of the transportation company’s stock worth $14,829,000 after acquiring an additional 4,470 shares in the last quarter. Advisory Services Network LLC grew its position in Landstar System by 130.3% in the first quarter. Advisory Services Network LLC now owns 281 shares of the transportation company’s stock worth $31,000 after acquiring an additional 159 shares in the last quarter. Jane Street Group LLC bought a new stake in Landstar System in the first quarter worth approximately $360,000. BlueCrest Capital Management Ltd bought a new stake in Landstar System in the first quarter worth approximately $316,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in Landstar System in the first quarter worth approximately $8,579,000. Hedge funds and other institutional investors own 98.66% 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, such as third party logistics and less-than-truckload service providers.
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