Landstar System (NASDAQ:LSTR) Upgraded to Strong-Buy at Baird R W

by · The Markets Daily

Baird R W upgraded shares of Landstar System (NASDAQ:LSTR – Free Report) to a strong-buy rating in a research note published on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on LSTR. Truist Financial cut their target price on shares of Landstar System from $150.00 to $135.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Wall Street Zen upgraded Landstar System from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. UBS Group set a $154.00 target price on Landstar System in a report on Wednesday, May 14th. TD Cowen dropped their price target on Landstar System from $161.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, April 3rd. Finally, Robert W. Baird assumed coverage on Landstar System in a research report on Tuesday. They issued an “outperform” rating and a $166.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $151.50.

Check Out Our Latest Research Report on LSTR

Landstar System Trading Up 4.5%

Shares of Landstar System stock opened at $145.26 on Tuesday. The company has a 50-day moving average of $138.58 and a two-hundred day moving average of $151.93. Landstar System has a 12-month low of $128.99 and a 12-month high of $196.86. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.07. The stock has a market cap of $5.08 billion, a PE ratio of 28.76 and a beta of 0.88.

Landstar System (NASDAQ:LSTR – Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The transportation company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.07). The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.13 billion. Landstar System had a return on equity of 18.23% and a net margin of 3.72%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.32 earnings per share. On average, research analysts anticipate that Landstar System will post 6.1 EPS for the current fiscal year.

Landstar System Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Thursday, June 5th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Thursday, June 5th. This is an increase from Landstar System’s previous quarterly dividend of $0.36. Landstar System’s dividend payout ratio is 31.68%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Colonial Trust Co SC increased its position in shares of Landstar System by 61.7% in the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company’s stock worth $32,000 after acquiring an additional 71 shares in the last quarter. First Horizon Advisors Inc. boosted its position in Landstar System by 35.3% during the 1st quarter. First Horizon Advisors Inc. now owns 322 shares of the transportation company’s stock worth $48,000 after purchasing an additional 84 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Landstar System by 2.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,099 shares of the transportation company’s stock worth $465,000 after purchasing an additional 85 shares during the period. State of Michigan Retirement System increased its holdings in Landstar System by 1.2% in the 1st quarter. State of Michigan Retirement System now owns 8,470 shares of the transportation company’s stock valued at $1,272,000 after purchasing an additional 100 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in Landstar System by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 9,900 shares of the transportation company’s stock valued at $1,487,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Landstar System Company Profile

(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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