Landstar System (NASDAQ:LSTR) Sets New 52-Week Low – Here’s Why

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

Analyst Ratings Changes

LSTR has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. TD Cowen lowered their target price on Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. Susquehanna decreased their target price on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Raymond James downgraded shares of Landstar System from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Finally, Benchmark reissued a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $170.40.

Landstar System Stock Down 1.0 %

The firm’s 50-day moving average price is $175.16 and its 200-day moving average price is $181.37. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 28.90 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 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%. Sell-side analysts forecast that Landstar System, Inc. will post 6.42 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

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

Hedge Funds Weigh In On Landstar System

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in Landstar System in the fourth quarter worth $25,000. HM Payson & Co. bought a new stake in shares of Landstar System in the 4th quarter worth approximately $26,000. Trust Co. of Vermont bought a new stake in shares of Landstar System during the 4th quarter worth $34,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Landstar System by 431.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock worth $83,000 after buying an additional 358 shares during the period. Finally, GAMMA Investing LLC raised its position in Landstar System by 14.1% during the third quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock valued at $107,000 after buying an additional 70 shares during the period. 97.95% of the stock is owned by hedge funds and other institutional investors.

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.