Landstar System (NASDAQ:LSTR) Stock, Quote.Headers.trade-ideas

Landstar System

Landstar System is an agent based asset-light third-party logistics provider focused on domestic truck brokerage (90% of revenue). Historically, around half of its truck transportation freight is hauled by leased owner-operators with the remainder hauled by third-party broker-carriers. To a smaller degree, it offers intermodal, global air and ocean forwarding, and warehousing services. Landstar also runs a small business that offers insurance programs to captive owner-operators. It has a long history of industry-leading execution and operating profitability.

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Landstar System (NASDAQ: LSTR) is benefiting from its robust financial stability and strong liquidity. The shareholder-friendly approach also bodes well for the company. However, the company is grappling with the freight market downturn.

Here&#39;s Why Investors Should Hold on to Landstar Stock Now

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INDIANAPOLIS — The Scopelitis Transportation Law Seminar is a three-day parade of speakers and panels discussing everything from what states&#39; license plates fleets should seek to slap on their trucks to the treatment of owner-operators whose trucks leave the road for maintenance.

Scopelitis Seminar Delves Into Lease Purchase Deals, M&amp;A, ESG and More

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With Quiver Quantitative’s recent institutional holdings data, we can see that many hedge funds and asset managers have been increasing their holdings in Landstar System Inc. (NASDAQ: LSTR).

The Bull Case For Landstar System Inc.

Landstar System Inc

Landstar Declares $2.00 Special Dividend Payable January 21, 2025, To Shareholders Of Record As Of January 7, 2025

Raymond James analyst Felix Boeschen downgrades Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) from Outperform to Market Perform.

Downgrades

Raymond James Downgrades Landstar System to Market Perform

Susquehanna analyst Bascome Majors maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Neutral and lowers the price target from $165 to $160.

Price Target

Susquehanna Maintains Neutral on Landstar System, Lowers Price Target to $160

TD Cowen analyst Jason Seidl maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Hold and lowers the price target from $176 to $174.

TD Cowen Maintains Hold on Landstar System, Lowers Price Target to $174

Stephens &amp; Co. analyst Jack Atkins maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Equal-Weight and lowers the price target from $190 to $180.

Stephens & Co. Maintains Equal-Weight on Landstar System, Lowers Price Target to $180

JP Morgan analyst Brian Ossenbeck maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Neutral and raises the price target from $184 to $188.

JP Morgan Maintains Neutral on Landstar System, Raises Price Target to $188

Evercore ISI Group analyst Jonathan Chappell maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a In-Line and lowers the price target from $165 to $160.

Evercore ISI Group Maintains In-Line on Landstar System, Lowers Price Target to $160

UBS analyst Thomas Wadewitz maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Neutral and raises the price target from $184 to $186.

UBS Maintains Neutral on Landstar System, Raises Price Target to $186

Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) reported quarterly earnings of $1.41 per share which missed the analyst consensus estimate of $1.45 by 2.76 percent. This is a 17.54 percent decrease over earnings of $1.71 per share from the same period last year. The company reported quarterly sales of $1.21 billion which missed the analyst consensus estimate of $1.22 billion by 0.49 percent. This is a 5.82 percent decrease over sales of $1.29 billion the same period last year.

Landstar System Q3 EPS $1.41 Misses $1.45 Estimate, Sales $1.21B Miss $1.22B Estimate

Landstar System (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lstr#NASDAQ">LSTR</a>) is benefiting from its robust financial stability and strong liquidity. The shareholder-friendly approach also bodes well for the company. However, the company is grappling with the freight market downturn.
<h2>Factors Favoring LSTR</h2>
Landstar&#39;s commitment to shareholder value is commendable, as the company consistently returns significant capital to its investors through stock repurchase programs and dividends. In the first half of 2024, Landstar repurchased shares of its common stock for a total of $57 million and paid $95 million in dividends. Moreover, in August 2024, LSTR paid a quarterly dividend of $0.36 per share to its stockholders. This quarterly dividend includes a 9% increase to its regular quarterly dividend.
Despite the softness prevailing in the freight environment, the company demonstrates strong financial stability and cash-generating capabilities. By the end of the second quarter of 2024, LSTR reported cash and short-term investments totaling $504 million. For the first half of 2024, cash flow from operations reached $142 million, while cash capital expenditures amounted to $17 million.
The company exited the second quarter of&nbsp;2024 with a current ratio (a&nbsp;measure of liquidity) of 2.17. A current ratio of greater than 1 is always desirable as it indicates that the company has enough cash to meet its short-term obligations.
Shares of LSTR have rallied 4.3% over the past year compared to the&nbsp;industry&#39;s decline of 4.9% in the same period.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/2f/80936.jpg?v=1698351877" />
Image Source: Zacks Investment Research
<h2>LSTR: Key Risks to Watch </h2>
The company&#39;s prospects are being negatively affected by softness in freight market demand. In the second quarter of 2024, total loadings of machinery dropped by 12% year over year. Similarly, loadings for automotive equipment and parts fell by 1%, while building products and hazardous materials decreased by 1% and 14%, respectively.
Moreover, substitute linehaul loadings, which had been one of the strongest performers during the pandemic and are highly sensitive to consumer demand, decreased by 29% compared to the second quarter of 2023.
As a result, Landstar&#39;s top line is expected to remain weak in the near term. For the third quarter of 2024, the company anticipates a decline in truckloads in the range of 6-10% year over year.
The trucking industry is also grappling with a persistent driver shortage. As seasoned drivers retire, companies struggle to attract new talent, particularly from younger generations, who may not find the profession appealing.
<h2>LSTR&#39;s Zacks Rank</h2>
LSTR currently carries a Zacks Rank #3 (Hold).
<h2>Stocks to Consider</h2>
Some better-ranked stocks for investors&#39; consideration in the Zacks Transportation sector include Ryanair (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ryaay#NASDAQ">RYAAY</a>) and Canadian Pacific Kansas City Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cp#NYSE">CP</a>).
Ryanair currently sports a Zacks Rank #1 (Strong Buy).&nbsp;RYAAY has an expected earnings growth rate of 10% for the current year.
The company has a discouraging earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, delivering an average miss of 30%. Shares of RYAAY have risen 10.2% in the past year.
Canadian Pacific also sports a Zacks Rank #1 at present and has an expected earnings growth rate of 0.3% for the current year.
The company has an encouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missing once. The average beat is 2.2%. CP shares have rallied 10.6% in the past year.
<a href="https://www.zacks.com/stock/news/2348380/here-s-why-investors-should-hold-on-to-landstar-stock-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2348380">To read this article on Zacks.com click here.</a>

Here's Why Investors Should Hold on to Landstar Stock Now

Goldman Sachs analyst Jordan Alliger maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Sell and lowers the price target from $165 to $158.

Goldman Sachs Maintains Sell on Landstar System, Lowers Price Target to $158

Evercore ISI Group analyst Jonathan Chappell maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a In-Line and lowers the price target from $167 to $165.

Evercore ISI Group Maintains In-Line on Landstar System, Lowers Price Target to $165

Stifel analyst J. Bruce Chan maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Hold and lowers the price target from $164 to $160.

Stifel Maintains Hold on Landstar System, Lowers Price Target to $160

TD Cowen analyst Jason Seidl maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Hold and raises the price target from $171 to $176.

TD Cowen Maintains Hold on Landstar System, Raises Price Target to $176

JP Morgan analyst Brian Ossenbeck maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Neutral and raises the price target from $182 to $188.

Benchmark analyst Christopher Kuhn reiterates Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Hold.

Reiteration

Benchmark Reiterates Hold on Landstar System

Raymond James analyst Felix Boeschen maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Outperform and lowers the price target from $205 to $195.

Raymond James Maintains Outperform on Landstar System, Lowers Price Target to $195

Susquehanna analyst Bascome Majors maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Neutral and raises the price target from $160 to $165.

Susquehanna Maintains Neutral on Landstar System, Raises Price Target to $165

Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) reported quarterly earnings of $1.48 per share which beat the analyst consensus estimate of $1.46 by 1.37 percent. The company reported quarterly sales of $1.225 billion which missed the analyst consensus estimate of $1.248 billion by 1.86 percent. This is a 10.84 percent decrease over sales of $1.374 billion the same period last year.

Earnings Beats

Landstar System Q2 2024 GAAP EPS $1.48 Beats $1.46 Estimate, Sales $1.225B Miss $1.248B Estimate

Wolfe Research analyst Scott Group downgrades Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) from Outperform to Peer Perform.

Wolfe Research Downgrades Landstar System to Peer Perform

Landstar System (LSTR) announced two changes to its executive leadership team, effective December 1, 2024: Joe Beacom has been named President of C...

Landstar System appoints Joe Beacom as president, Landstar System Holdings

Landstar System ( ($LSTR) ) just unveiled an announcement. Landstar System, Inc. has appointed Joseph J. Beacom as President of its subsidiary, Lan...

Landstar System Announces Key Leadership Appointments

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Landstar System declares $2.00 dividend

Landstar System (LSTR) announced that on December 9, its board of directors has declared a special one-time cash dividend in the amount of $2.00 pe...

Landstar System declares $2.00 per share special cash dividend

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