Landstar System
LSTR

$180.02

0.28%

Market Cap: $6.38B

About: 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.

Employees: 1,468

Industrials Trucking, Except Local

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 7 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

25% more call options, than puts

Call options by funds: $40.2M | Put options by funds: $32.1M

1% less funds holding

Funds holding: 463 [Q1] → 459 (-4) [Q2]

7% less first-time investments, than exits

New positions opened: 52 | Existing positions closed: 56

8.59% less ownership

Funds ownership: 106.62% [Q1] → 98.03% (-8.59%) [Q2]

12% less capital invested

Capital invested by funds: $7.34B [Q1] → $6.47B (-$871M) [Q2]

15% less repeat investments, than reductions

Existing positions increased: 147 | Existing positions reduced: 173

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Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$145

19%

downside

Avg. target

$172

5%

downside

High target

$195

8%

upside

7 analyst ratings

1 positive

14%

6 neutral

86%

0 negative

0%

Stifel J. Bruce Chan 53% 1-year accuracy 18 / 34 met price target	11%downside $160	Hold Maintained	1 Aug 2024
TD Cowen Jason Seidl 53% 1-year accuracy 9 / 17 met price target	2%downside $176	Hold Maintained	31 Jul 2024
JP Morgan Brian Ossenbeck 48% 1-year accuracy 19 / 40 met price target	4%upside $188	Neutral Maintained	31 Jul 2024
Raymond James Felix Boeschen 0% 1-year accuracy 0 / 3 met price target	8%upside $195	Outperform Maintained	31 Jul 2024
Susquehanna Bascome Majors 61% 1-year accuracy 23 / 38 met price target	8%downside $165	Neutral Maintained	31 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 4 articles about LSTR published over the past 30 days

Zacks Investment Research

Landstar Grapples With Weak Freight Market and Operating Expenses

LSTR is affected by reduced demand for freight services and increased truck capacity.

Landstar Grapples With Weak Freight Market and Operating Expenses

4 Factor Dividend Growth Strategy: A Speed Bump On The Home Stretch

The 4-factor dividend growth portfolio is a strategy that leverages the stock selection process of Schwab U.S. Dividend Equity ETF with a few minor twists. The portfolio fell by 0.27% in August, underperforming the S&P 500 by 2.69%. Since its inception, the portfolio has generated a CAGR of 24.79%, and is outperforming SCHD by 13.10%.

4 Factor Dividend Growth Strategy: A Speed Bump On The Home Stretch

Zacks Investment Research

Why Is Landstar (LSTR) Down 4.2% Since Last Earnings Report?

Landstar (LSTR) reported earnings 30 days ago. What's next for the stock?

Why Is Landstar (LSTR) Down 4.2% Since Last Earnings Report?

Zacks Investment Research

Here's Why You Should Give Landstar (LSTR) Stock a Miss Now

Landstar (LSTR) expects third-quarter 2024 truckloads to decline between 6% and 10% on a year-over-year basis.

Here's Why You Should Give Landstar (LSTR) Stock a Miss Now

Zacks Investment Research

Landstar (LSTR) Stock Down Almost 6% Despite Q2 Earnings Beat

Landstar's (LSTR) second-quarter 2024 earnings and revenues decrease year over year.

Landstar (LSTR) Stock Down Almost 6% Despite Q2 Earnings Beat

Landstar System, Inc. (LSTR) Q2 2024 Earnings Call Transcript

Landstar System, Inc. (LSTR) Q2 2024 Earnings Call Transcript

Landstar System, Inc. (LSTR) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Landstar (LSTR) Reports Q2 Earnings: What Key Metrics Have to Say

The headline numbers for Landstar (LSTR) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Landstar (LSTR) Reports Q2 Earnings: What Key Metrics Have to Say

Zacks Investment Research

Landstar System (LSTR) Tops Q2 Earnings Estimates

Landstar System (LSTR) came out with quarterly earnings of $1.48 per share, beating the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.85 per share a year ago.

Landstar System (LSTR) Tops Q2 Earnings Estimates

Landstar System Reports Second Quarter Revenue of $1.225B and Earnings Per Share of $1.48 and Announces 9% Increase to Quarterly Dividend

JACKSONVILLE, Fla., July 30, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) today reported basic and diluted earnings per share (“EPS”) of $1.48 in the 2024 second quarter on revenue of $1.225 billion. “The Landstar network of independent business owners performed admirably in a challenging freight transportation environment,” said Landstar President and Chief Executive Officer Frank Lonegro. “During the second quarter, we were encouraged to see our first sequential quarter-to-quarter revenue increase since the 2022 second quarter. Revenue in the 2024 second quarter grew 5% sequentially following seven quarters of sequential revenue declines. As we look to build on that momentum, we continue to invest in leading-edge technology and new trailing equipment. We are particularly proud of the efforts of the thousands of BCOs, agents and employees in our network, who work each day to improve our safety performance and deliver great service to our customers.”

Landstar System Reports Second Quarter Revenue of $1.225B and Earnings Per Share of $1.48 and Announces 9% Increase to Quarterly Dividend

Zacks Investment Research

Earnings Preview: Landstar System (LSTR) Q2 Earnings Expected to Decline

Landstar (LSTR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Landstar System (LSTR) Q2 Earnings Expected to Decline

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