BidaskClub lowered shares of Landstar System (NASDAQ:LSTR) from a strong-buy rating to a buy rating in a research report report published on Wednesday, January 3rd.

LSTR has been the topic of a number of other reports. Robert W. Baird reiterated a hold rating and issued a $102.00 price objective on shares of Landstar System in a research report on Friday, October 6th. Zacks Investment Research upgraded shares of Landstar System from a hold rating to a buy rating and set a $118.00 price objective on the stock in a research report on Tuesday, January 2nd. Stifel Nicolaus reiterated a buy rating and issued a $95.00 price objective on shares of Landstar System in a research report on Tuesday, September 12th. Buckingham Research raised their target price on Landstar System from $103.00 to $106.00 and gave the company a neutral rating in a report on Friday, October 27th. Finally, Credit Suisse Group reissued a neutral rating and issued a $97.00 target price (up previously from $84.00) on shares of Landstar System in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. Landstar System has an average rating of Hold and a consensus price target of $101.33.

Landstar System (LSTR) opened at $111.00 on Wednesday. Landstar System has a 1 year low of $80.00 and a 1 year high of $113.90. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.96 and a quick ratio of 1.96. The firm has a market cap of $4,754.73, a price-to-earnings ratio of 31.39, a P/E/G ratio of 1.86 and a beta of 0.81.

The company also recently declared a special dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 12th were paid a dividend of $1.50 per share. This represents a dividend yield of 0.39%. The ex-dividend date was Thursday, January 11th. This is an increase from Landstar System’s previous special dividend of $1.00. Landstar System’s payout ratio is 11.08%.

Landstar System declared that its board has initiated a stock repurchase program on Wednesday, December 13th that permits the company to buyback 1,960,000 shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

In related news, CEO James B. Gattoni sold 15,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $98.72, for a total value of $1,480,800.00. Following the completion of the transaction, the chief executive officer now owns 69,339 shares of the company’s stock, valued at approximately $6,845,146.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dr. Homaira Akbari sold 1,000 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $98.30, for a total transaction of $98,300.00. Following the completion of the transaction, the director now directly owns 6,656 shares of the company’s stock, valued at approximately $654,284.80. The disclosure for this sale can be found here. Insiders have sold a total of 30,805 shares of company stock valued at $3,038,128 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. increased its holdings in Landstar System by 7.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 267,117 shares of the transportation company’s stock valued at $22,866,000 after purchasing an additional 18,500 shares during the period. Legal & General Group Plc increased its holdings in Landstar System by 15.0% in the second quarter. Legal & General Group Plc now owns 46,732 shares of the transportation company’s stock valued at $4,000,000 after purchasing an additional 6,110 shares during the period. Federated Investors Inc. PA increased its holdings in Landstar System by 17.8% in the second quarter. Federated Investors Inc. PA now owns 26,573 shares of the transportation company’s stock valued at $2,275,000 after purchasing an additional 4,018 shares during the period. Pacer Advisors Inc. increased its holdings in Landstar System by 6.4% in the second quarter. Pacer Advisors Inc. now owns 4,475 shares of the transportation company’s stock valued at $383,000 after purchasing an additional 270 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Landstar System by 14.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,824 shares of the transportation company’s stock valued at $156,000 after purchasing an additional 224 shares during the period. 97.96% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Landstar System (NASDAQ:LSTR) Lowered to Buy at BidaskClub” was first published by Marea Informative and is owned by of Marea Informative. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://www.mareainformativa.com/landstar-system-lstr-downgraded-to-buy-at-bidaskclub-updated-updated-updated/126571/.

About Landstar System

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.

Analyst Recommendations for Landstar System (NASDAQ:LSTR)

Receive News & Ratings for Landstar System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Landstar System and related companies with MarketBeat.com's FREE daily email newsletter.