Landstar System, Inc. (NASDAQ:LSTR) has been assigned a consensus rating of “Hold” from the fourteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $105.75.
A number of equities analysts have recently commented on the company. BidaskClub downgraded Landstar System from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 3rd. Zacks Investment Research downgraded Landstar System from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Cowen restated a “market perform” rating and issued a $115.00 price objective (up from $97.00) on shares of Landstar System in a report on Thursday, February 1st. Buckingham Research assumed coverage on Landstar System in a research note on Friday, October 20th. They issued a “neutral” rating and a $103.00 target price for the company. Finally, Cleveland Research upgraded Landstar System from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th.
In other news, Director Dr. Homaira Akbari sold 1,000 shares of the stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $98.30, for a total value of $98,300.00. Following the completion of the sale, the director now owns 6,656 shares in the company, valued at $654,284.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by company insiders.
Landstar System (LSTR) traded down $1.05 during trading on Tuesday, hitting $105.50. The stock had a trading volume of 190,106 shares, compared to its average volume of 273,918. The stock has a market cap of $4,672.89, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 1.73 and a beta of 0.81. The company has a current ratio of 1.75, a quick ratio of 1.96 and a debt-to-equity ratio of 0.13. Landstar System has a 52 week low of $80.00 and a 52 week high of $118.60.
Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Wednesday, January 31st. The transportation company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.06. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. Landstar System had a return on equity of 25.30% and a net margin of 4.86%. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period last year, the business posted $0.94 EPS. analysts expect that Landstar System will post 4.78 EPS for the current fiscal year.
Landstar System announced that its board has initiated a share repurchase plan on Wednesday, December 13th that authorizes the company to repurchase 1,960,000 shares. This repurchase authorization authorizes the transportation company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Monday, February 19th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.57%. This is a positive change from Landstar System’s previous quarterly dividend of $0.10. Landstar System’s dividend payout ratio (DPR) is 9.50%.
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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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