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

Landstar System, Inc. (NASDAQ:LSTR)’s share price hit a new 52-week low on Wednesday . The company traded as low as $152.64 and last traded at $152.86, with a volume of 40264 shares traded. The stock had previously closed at $154.52.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LSTR. Benchmark reissued a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. Raymond James downgraded Landstar System from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Stifel Nicolaus boosted their price objective on Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. decreased their target price on Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. 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 stock presently has an average rating of “Hold” and a consensus target price of $170.40.

Landstar System Stock Up 0.1 %

The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. The business has a fifty day simple moving average of $166.74 and a two-hundred day simple moving average of $177.61. The company has a market cap of $5.46 billion, a PE ratio of 28.00 and a beta of 0.83.

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%. As a group, equities research analysts predict that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be given a dividend of $0.36 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a yield of 0.93%. Landstar System’s payout ratio is 26.09%.

Hedge Funds Weigh In On Landstar System

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC purchased a new position in shares of Landstar System during the 4th quarter worth $25,000. HM Payson & Co. acquired a new stake in Landstar System during the fourth quarter worth about $26,000. Colonial Trust Co SC raised its stake in Landstar System by 61.7% during the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company’s stock worth $32,000 after purchasing an additional 71 shares during the period. Trust Co. of Vermont acquired a new position in Landstar System in the 4th quarter valued at about $34,000. Finally, BOKF NA grew its stake in shares of Landstar System by 56.1% in the 4th quarter. BOKF NA now owns 348 shares of the transportation company’s stock valued at $58,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds own 97.95% of the company’s stock.

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.