Landstar System (NASDAQ:LSTR) Reaches New 12-Month Low – Here’s Why

Shares of Landstar System, Inc. (NASDAQ:LSTR) reached a new 52-week low during trading on Friday . The company traded as low as $158.80 and last traded at $160.54, with a volume of 19106 shares traded. The stock had previously closed at $161.16.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on LSTR shares. Susquehanna cut their target price on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. UBS Group upped their price target on Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Evercore ISI cut their price target on Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a research note on Wednesday, October 30th. TD Cowen cut their target price on Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Finally, Benchmark reiterated a “hold” rating on shares of Landstar System in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $170.40.

Landstar System Trading Down 1.0 %

The business has a fifty day moving average price of $175.16 and a 200 day moving average price of $181.37. The company has a market capitalization of $5.64 billion, a P/E ratio of 28.90 and a beta of 0.83. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. On average, analysts expect that Landstar System, Inc. will post 6.42 earnings per share for the current fiscal year.

Landstar System Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Tuesday, February 18th. Landstar System’s dividend payout ratio (DPR) is currently 26.09%.

Institutional Investors Weigh In On Landstar System

Several large investors have recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in Landstar System in the 4th quarter valued at $25,000. HM Payson & Co. bought a new stake in shares of Landstar System during the fourth quarter worth about $26,000. Trust Co. of Vermont acquired a new stake in shares of Landstar System in the 4th quarter worth about $34,000. Whittier Trust Co. of Nevada Inc. lifted its position in Landstar System by 431.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock valued at $83,000 after acquiring an additional 358 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Landstar System by 14.1% during the 3rd quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock valued at $107,000 after purchasing an additional 70 shares during the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Landstar System Company Profile

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics and less-than-truckload services.