Landstar System (NASDAQ:LSTR) Reaches New 1-Year Low – Here’s Why

Shares of Landstar System, Inc. (NASDAQ:LSTR) hit a new 52-week low on Thursday . The company traded as low as $157.99 and last traded at $159.86, with a volume of 200608 shares traded. The stock had previously closed at $161.17.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LSTR shares. Susquehanna reduced their target price on Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Stephens reduced their price objective on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. UBS Group raised their target price on shares of Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Benchmark reiterated a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. Finally, TD Cowen decreased their price target on shares of Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $170.40.

Landstar System Trading Down 0.8 %

The stock’s fifty day simple moving average is $173.63 and its two-hundred day simple moving average is $180.71. The firm has a market cap of $5.65 billion, a PE ratio of 28.96 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 posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. On average, sell-side analysts forecast that Landstar System, Inc. will post 6.2 EPS for the current fiscal year.

Landstar System Announces Dividend

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

Institutional Trading of Landstar System

Several institutional investors have recently bought and sold shares of LSTR. Golden State Wealth Management LLC bought a new position in shares of Landstar System in the fourth quarter worth approximately $25,000. HM Payson & Co. purchased a new position in Landstar System in the 4th quarter worth approximately $26,000. Trust Co. of Vermont bought a new position in Landstar System in the 4th quarter valued at approximately $34,000. Whittier Trust Co. of Nevada Inc. boosted its stake in Landstar System by 431.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock valued at $83,000 after purchasing an additional 358 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in shares of Landstar System by 27.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company’s stock worth $137,000 after purchasing an additional 158 shares in the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.

About Landstar System

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.