Landstar System, Inc. (NASDAQ:LSTR) has been given an average rating of “Hold” by the sixteen research firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $115.50.
A number of analysts have recently weighed in on LSTR shares. Morgan Stanley set a $96.00 price objective on Landstar System and gave the stock a “sell” rating in a research report on Monday, October 22nd. Cleveland Research initiated coverage on Landstar System in a research note on Friday, October 19th. They issued a “neutral” rating for the company. Buckingham Research cut their price target on Landstar System from $127.00 to $121.00 and set a “neutral” rating for the company in a research note on Friday, October 12th. BidaskClub lowered Landstar System from a “buy” rating to a “hold” rating in a research note on Saturday, September 22nd. Finally, KeyCorp cut their price objective on Landstar System from $130.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, October 26th.
Shares of NASDAQ LSTR traded down $3.52 during midday trading on Monday, hitting $97.78. The company’s stock had a trading volume of 306,855 shares, compared to its average volume of 296,560. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.94 and a current ratio of 1.94. Landstar System has a 12-month low of $96.91 and a 12-month high of $128.70. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 1.23 and a beta of 1.13.
Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Wednesday, October 24th. The transportation company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.60 by $0.03. Landstar System had a return on equity of 33.82% and a net margin of 5.61%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. Sell-side analysts predict that Landstar System will post 6.08 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 7th. Stockholders of record on Tuesday, November 13th were paid a dividend of $0.165 per share. The ex-dividend date was Friday, November 9th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.67%. Landstar System’s dividend payout ratio (DPR) is 17.60%.
Hedge funds have recently added to or reduced their stakes in the business. Synovus Financial Corp boosted its holdings in shares of Landstar System by 115.5% in the 3rd quarter. Synovus Financial Corp now owns 1,110 shares of the transportation company’s stock valued at $134,000 after purchasing an additional 595 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Landstar System by 205.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,471 shares of the transportation company’s stock valued at $179,000 after buying an additional 990 shares during the last quarter. Culbertson A N & Co. Inc. bought a new stake in shares of Landstar System during the 3rd quarter valued at about $207,000. Hartford Investment Management Co. bought a new stake in shares of Landstar System during the 2nd quarter valued at about $208,000. Finally, NumerixS Investment Technologies Inc grew its position in shares of Landstar System by 216.7% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 1,900 shares of the transportation company’s stock valued at $209,000 after buying an additional 1,300 shares during the last quarter. 99.89% of the stock is owned by hedge funds and other institutional investors.
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, including third party logistics and less-than-truckload service providers.
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