Stifel Nicolaus upgraded shares of Landstar System, Inc. (NASDAQ:LSTR) from a hold rating to a buy rating in a research report sent to investors on Monday, July 31st, Marketbeat reports. The brokerage currently has $95.00 target price on the transportation company’s stock, up from their previous target price of $87.00.
A number of other analysts also recently weighed in on LSTR. BidaskClub downgraded Landstar System from a buy rating to a hold rating in a research report on Monday, July 24th. Zacks Investment Research upgraded Landstar System from a hold rating to a buy rating and set a $98.00 target price for the company in a research report on Thursday, July 6th. Cowen and Company boosted their target price on Landstar System from $76.00 to $82.00 and gave the stock a market perform rating in a research report on Thursday, April 27th. Finally, Deutsche Bank AG downgraded Landstar System from a buy rating to a hold rating and dropped their target price for the stock from $97.00 to $87.00 in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Landstar System currently has an average rating of Hold and an average target price of $84.86.
Landstar System (NASDAQ:LSTR) traded up 0.12% on Monday, hitting $81.55. 813,546 shares of the stock were exchanged. The company has a 50-day moving average price of $85.38 and a 200-day moving average price of $85.20. The firm has a market cap of $3.42 billion, a PE ratio of 23.56 and a beta of 0.75. Landstar System has a 52-week low of $65.05 and a 52-week high of $90.80.
Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.01. The firm had revenue of $870.34 million during the quarter, compared to the consensus estimate of $859.30 million. Landstar System had a return on equity of 26.11% and a net margin of 4.37%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the company posted $0.76 EPS. On average, equities research analysts anticipate that Landstar System will post $3.55 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 14th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, August 10th. This is a boost from Landstar System’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a dividend yield of 0.49%. Landstar System’s payout ratio is 11.56%.
Several institutional investors have recently bought and sold shares of LSTR. Glen Harbor Capital Management LLC boosted its stake in shares of Landstar System by 11.9% in the first quarter. Glen Harbor Capital Management LLC now owns 1,200 shares of the transportation company’s stock valued at $103,000 after buying an additional 128 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of Landstar System by 64.8% in the second quarter. Advisor Group Inc. now owns 1,523 shares of the transportation company’s stock valued at $130,000 after buying an additional 599 shares during the last quarter. TrimTabs Asset Management LLC increased its stake in Landstar System by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,580 shares of the transportation company’s stock valued at $135,000 after buying an additional 744 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Landstar System by 36.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,600 shares of the transportation company’s stock valued at $137,000 after buying an additional 427 shares during the period. Finally, Tyers Asset Management LLC increased its stake in Landstar System by 11.9% in the first quarter. Tyers Asset Management LLC now owns 1,650 shares of the transportation company’s stock valued at $141,000 after buying an additional 176 shares during the period. 97.10% of the stock is currently owned by hedge funds and other institutional investors.
Landstar System Company Profile
Landstar System, Inc (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs.
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