Landstar System (NASDAQ:LSTR) Reaches New 52-Week Low – Time to Sell?

Landstar System, Inc. (NASDAQ:LSTR) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $147.59 and last traded at $149.99, with a volume of 331821 shares changing hands. The stock had previously closed at $149.02.

Analyst Ratings Changes

LSTR has been the topic of several research reports. Truist Financial initiated coverage on Landstar System in a report on Thursday, March 13th. They issued a “hold” rating and a $160.00 price target on the stock. Stifel Nicolaus lifted their price objective on shares of Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Benchmark reiterated a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered 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. One investment analyst has rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. According to data from MarketBeat, Landstar System has a consensus rating of “Hold” and a consensus price target of $169.45.

Landstar System Stock Performance

The firm’s fifty day moving average price is $163.05 and its 200 day moving average price is $175.44. 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 firm has a market capitalization of $5.28 billion, a PE ratio of 27.10 and a beta of 0.82.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results 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%. On average, research analysts anticipate that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Tuesday, February 18th. Landstar System’s payout ratio is presently 26.09%.

Institutional Investors Weigh In On Landstar System

Institutional investors and hedge funds have recently modified their holdings of the business. Golden State Wealth Management LLC acquired a new stake in shares of Landstar System in the 4th quarter valued at $25,000. HM Payson & Co. acquired a new stake in shares of Landstar System in the 4th quarter valued at $26,000. Colonial Trust Co SC lifted its stake in shares of Landstar System by 61.7% in the 4th quarter. Colonial Trust Co SC now owns 186 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 71 shares during the last quarter. Trust Co. of Vermont acquired a new stake in shares of Landstar System in the 4th quarter valued at $34,000. Finally, Transce3nd LLC acquired a new stake in shares of Landstar System in the 4th quarter valued at $60,000. Institutional investors and hedge funds own 97.95% of the company’s stock.

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.