Landstar System (NASDAQ:LSTR) Sets New 1-Year Low – Time to Sell?

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

Wall Street Analyst Weigh In

LSTR has been the topic of several analyst reports. Stifel Nicolaus raised their price target on shares of Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Raymond James lowered shares of Landstar System from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Benchmark reiterated a “hold” rating on shares of Landstar System in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their price target on Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating and eleven have given a hold rating to the stock. According to data from MarketBeat.com, Landstar System currently has an average rating of “Hold” and an average target price of $170.40.

Landstar System Stock Up 1.3 %

The firm has a 50 day moving average price of $166.00 and a two-hundred day moving average price of $177.33. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 29.33 and a beta of 0.83. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) 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, equities analysts expect that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Tuesday, February 18th. Landstar System’s dividend payout ratio is presently 26.09%.

Institutional Investors Weigh In On Landstar System

A number of large investors have recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Landstar System by 16.1% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,764,603 shares of the transportation company’s stock worth $646,985,000 after acquiring an additional 521,695 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Landstar System in the fourth quarter valued at $63,816,000. Thrivent Financial for Lutherans grew its holdings in Landstar System by 3,775.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 334,853 shares of the transportation company’s stock valued at $63,243,000 after purchasing an additional 326,212 shares in the last quarter. Norges Bank purchased a new stake in Landstar System during the 4th quarter worth $54,088,000. Finally, Corient Private Wealth LLC increased its stake in Landstar System by 1,207.3% during the 4th quarter. Corient Private Wealth LLC now owns 293,899 shares of the transportation company’s stock worth $50,509,000 after buying an additional 271,417 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.