Landstar System, Inc. (NASDAQ:LSTR) Receives $153.00 Average Target Price from Analysts
by Doug Wharley · The Cerbat GemShares of Landstar System, Inc. (NASDAQ:LSTR – Get Free Report) have been assigned an average recommendation of “Hold” from the fifteen research firms that are covering the stock, Marketbeat.com reports. Thirteen analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $153.00.
LSTR has been the topic of a number of analyst reports. Evercore upped their price target on Landstar System from $125.00 to $151.00 and gave the company an “in-line” rating in a research report on Monday, January 12th. Morgan Stanley boosted their target price on shares of Landstar System from $133.00 to $135.00 and gave the company an “equal weight” rating in a research note on Monday, December 8th. Susquehanna upped their target price on shares of Landstar System from $110.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Wells Fargo & Company raised shares of Landstar System from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $145.00 to $170.00 in a report on Tuesday, January 6th. Finally, Truist Financial reduced their price target on shares of Landstar System from $150.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, January 29th.
Read Our Latest Stock Analysis on LSTR
Landstar System Stock Performance
LSTR stock opened at $163.27 on Tuesday. Landstar System has a 1-year low of $119.32 and a 1-year high of $166.11. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $153.90 and its 200-day moving average is $141.61. The firm has a market cap of $5.55 billion, a P/E ratio of 49.33 and a beta of 0.80.
Landstar System Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 18th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, February 18th. Landstar System’s payout ratio is presently 48.34%.
Institutional Investors Weigh In On Landstar System
Hedge funds and other institutional investors have recently bought and sold shares of the business. Peterson Wealth Services raised its stake in shares of Landstar System by 1,108.4% in the third quarter. Peterson Wealth Services now owns 10,960 shares of the transportation company’s stock worth $1,343,000 after acquiring an additional 10,053 shares during the last quarter. Alps Advisors Inc. grew its stake in shares of Landstar System by 69.8% during the third quarter. Alps Advisors Inc. now owns 94,863 shares of the transportation company’s stock valued at $11,626,000 after purchasing an additional 38,992 shares during the last quarter. Ballast Asset Management LP increased its holdings in shares of Landstar System by 28.2% in the third quarter. Ballast Asset Management LP now owns 34,579 shares of the transportation company’s stock valued at $4,238,000 after purchasing an additional 7,614 shares in the last quarter. Retirement Systems of Alabama increased its holdings in shares of Landstar System by 48.2% in the third quarter. Retirement Systems of Alabama now owns 63,299 shares of the transportation company’s stock valued at $7,758,000 after purchasing an additional 20,586 shares in the last quarter. Finally, Fenimore Asset Management Inc raised its position in Landstar System by 231.3% in the 3rd quarter. Fenimore Asset Management Inc now owns 341,130 shares of the transportation company’s stock worth $41,809,000 after purchasing an additional 238,173 shares during the last quarter. 97.95% of the stock is owned by institutional investors and hedge funds.
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.