Landstar System, Inc. (NASDAQ:LSTR) Short Interest Update

by · The Cerbat Gem

Landstar System, Inc. (NASDAQ:LSTR – Get Free Report) saw a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 981,900 shares, a decrease of 19.5% from the March 15th total of 1,220,000 shares. Currently, 2.8% of the shares of the company are sold short. Based on an average trading volume of 355,100 shares, the days-to-cover ratio is presently 2.8 days.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on LSTR shares. TD Cowen lowered their price target on shares of Landstar System from $161.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, April 3rd. Stifel Nicolaus dropped their price objective on Landstar System from $162.00 to $147.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Jefferies Financial Group dropped their target price on shares of Landstar System from $170.00 to $150.00 and set a “hold” rating for the company in a research report on Friday, April 11th. Truist Financial dropped their price objective on shares of Landstar System from $160.00 to $150.00 and set a “hold” rating on the stock in a research note on Thursday, April 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Landstar System from $177.00 to $147.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $156.92.

Get Our Latest Report on LSTR

Landstar System Trading Up 2.6 %

Shares of NASDAQ LSTR traded up $3.54 on Friday, reaching $137.82. 421,846 shares of the company traded hands, compared to its average volume of 282,870. Landstar System has a fifty-two week low of $128.99 and a fifty-two week high of $196.86. The company has a 50 day moving average of $149.63 and a 200 day moving average of $168.50. The stock has a market capitalization of $4.82 billion, a PE ratio of 24.97 and a beta of 0.88. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07.

Landstar System (NASDAQ:LSTR – Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. On average, equities research analysts forecast that Landstar System will post 6.1 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.44 annualized dividend and a dividend yield of 1.04%. Landstar System’s payout ratio is 26.09%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LSTR. Golden State Wealth Management LLC acquired a new position in Landstar System in the fourth quarter worth $25,000. HM Payson & Co. bought a new position in shares of Landstar System in the fourth quarter worth about $26,000. Colonial Trust Co SC raised its position in Landstar System by 61.7% in the 4th quarter. Colonial Trust Co SC now owns 186 shares of the transportation company’s stock worth $32,000 after purchasing an additional 71 shares during the last quarter. Trust Co. of Vermont acquired a new stake in shares of Landstar System during the 4th quarter worth approximately $34,000. Finally, BOKF NA raised its position in shares of Landstar System by 56.1% during the fourth quarter. BOKF NA now owns 348 shares of the transportation company’s stock worth $58,000 after purchasing an additional 125 shares during the period. Institutional investors own 97.95% of the company’s stock.

About Landstar System

(Get Free Report)

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 services.

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