Landstar System (NASDAQ:LSTR) Hits New 52-Week Low – What’s Next?

Landstar System, Inc. (NASDAQ:LSTR) hit a new 52-week low during trading on Thursday . The company traded as low as $157.98 and last traded at $159.21, with a volume of 50598 shares trading hands. The stock had previously closed at $158.38.

Analysts Set New Price Targets

LSTR has been the subject of several recent research reports. Raymond James lowered Landstar System from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Stephens reduced their target price on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lowered their price target 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 cut their price objective on shares of Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. Finally, Evercore ISI lowered their target price on shares of Landstar System from $165.00 to $160.00 and set an “in-line” rating on the stock in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the stock. According to MarketBeat, Landstar System has an average rating of “Hold” and a consensus price target of $170.40.

Landstar System Stock Down 0.0 %

The company has a market cap of $5.60 billion, a PE ratio of 28.69 and a beta of 0.83. The stock has a 50-day moving average of $170.61 and a 200-day moving average of $179.57. 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 released 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 net margin of 4.07% and a return on equity of 19.56%. Sell-side analysts predict that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.44 annualized dividend and a yield of 0.91%. Landstar System’s payout ratio is presently 26.09%.

Hedge Funds Weigh In On Landstar System

A number of institutional investors have recently made changes to their positions in the stock. Roberts Wealth Advisors LLC grew its position in Landstar System by 1.3% in the fourth quarter. Roberts Wealth Advisors LLC now owns 4,616 shares of the transportation company’s stock worth $818,000 after acquiring an additional 60 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in Landstar System by 1.5% during the third quarter. OneDigital Investment Advisors LLC now owns 4,678 shares of the transportation company’s stock worth $883,000 after purchasing an additional 68 shares during the last quarter. Equitable Trust Co. boosted its holdings in shares of Landstar System by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 3,250 shares of the transportation company’s stock worth $614,000 after purchasing an additional 71 shares in the last quarter. Colonial Trust Co SC increased its position in shares of Landstar System by 61.7% during 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. Finally, Caprock Group LLC raised its holdings in shares of Landstar System by 2.3% during the 3rd quarter. Caprock Group LLC now owns 3,378 shares of the transportation company’s stock valued at $638,000 after buying an additional 77 shares in the last quarter. Institutional investors 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.