Baird Reiterates Buy Rating for Landstar System, Inc.

Baird has reiterated its buy rating for Landstar System, Inc. (NasdaqGS: LSTR) with a price target of $225, according to an analyst note dated June 17, 2026. The move suggests continued confidence in the company's performance. Landstar's shares are currently trading at about $217.67.

Other Institutional Activity in Landstar System, Inc.

Several other funds have made adjustments to their holdings in Landstar. Kayne Anderson Rudnick Investment Management LLC trimmed its position by 65,810 shares, holding 3,432,243 shares valued at approximately $550.2 million. BlackRock, Inc. added 104,787 shares, bringing its total to 3,233,185 shares worth about $518.3 million. AQR Capital Management LLC significantly increased its stake by 848,517 shares, ending with 1,835,604 shares valued at $293.8 million. Meanwhile, Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both reported new positions with 1,752,711 and 1,531,900 shares, respectively.

Landstar System, Inc. Stock Down 0.4%

Shares of Landstar System, Inc. are trading near $217.67. The company has a market cap of about $7.33 billion and a P/E ratio of 59.88. Its forward P/E stands at 30.49, and the stock's beta is 0.884, indicating lower volatility compared to the market. Over the past year, the stock has ranged from a low of $119.32 to a high of $228.46. The 50-day moving average is $189.81, while the 200-day moving average is $153.36. Landstar maintains a current ratio of 1.88 and a quick ratio of 1.83, with a debt-to-equity ratio of 15.55.

Recent Earnings

Landstar System, Inc. reported revenue of approximately $4.78 billion, with a modest growth rate of 1.6%. The company achieved an earnings per share (EPS) of $3.61, a net margin of 2.61%, and a return on equity (ROE) of 14.41%. The next earnings report is expected on July 28, 2026.

Dividend

Landstar pays an annual dividend of $1.60, resulting in a yield of 0.74%. The dividend payout ratio is 44.2%, indicating a balanced approach to returning profits to shareholders.

Insider Buying and Selling at Landstar System, Inc.

Recent insider activity at Landstar includes CFO Todd James selling 1,200 shares at an average price of $218.17 on June 15, 2026. Diana Murphy, a board member, sold 11,246 shares at $221.28 on June 5, 2026. Earlier, on May 6, 2026, insiders including Diana Murphy, David Bannister, Jonathan Barr Blanton, and George Scanlon each acquired 825 shares.

Analysts Set New Price Targets

On June 17, 2026, Baird maintained its buy rating for Landstar with a price target of $225. Earlier, on June 5, 2026, Wells Fargo also maintained a buy rating, setting a target of $240. Morgan Stanley and JP Morgan have hold ratings with targets of $145 and $179, respectively. The consensus among analysts is a hold rating, with a mean target price of $179.14.

About Landstar System, Inc.

Landstar System, Inc. is a transportation management company based in Jacksonville, Florida. It operates in the industrial sector, specifically within the integrated freight and logistics industry. The company provides a wide range of transportation services, including truckload, less-than-truckload, rail intermodal, air cargo, and ocean cargo. Landstar also offers specialized services like expedited delivery, heavy-haul, and hazardous materials transport. The company is led by CEO Frank A. Lonegro and employs around 1,300 people.

Bottom Line

Baird's reaffirmation of its buy rating on Landstar System, Inc. reflects ongoing confidence in the company's prospects. With a diverse range of transportation services, Landstar remains a key player in the logistics industry. Investors should note that analyst ratings and targets can change, and 13F filings are backward-looking, reflecting past positions.