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

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

Analysts Set New Price Targets

A number of research firms recently commented on LSTR. Stifel Nicolaus lifted their price target on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price target on Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Benchmark restated a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. Finally, Truist Financial started coverage on Landstar System in a research note on Thursday, March 13th. They issued a “hold” rating and a $160.00 target price for the company. One equities research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $169.45.

Landstar System Stock Performance

The stock has a fifty day moving average price of $163.05 and a two-hundred day moving average price of $175.44. The company has a market cap of $5.28 billion, a P/E ratio of 27.10 and a beta of 0.82. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21.

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 analysts’ consensus estimates 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, equities analysts forecast that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

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

Institutional Investors Weigh In On Landstar System

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LSTR. GSA Capital Partners LLP bought a new stake in Landstar System during the third quarter worth approximately $453,000. KBC Group NV raised its holdings in Landstar System by 14.8% during the third quarter. KBC Group NV now owns 1,006 shares of the transportation company’s stock worth $190,000 after purchasing an additional 130 shares in the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of Landstar System by 1.5% in the third quarter. OneDigital Investment Advisors LLC now owns 4,678 shares of the transportation company’s stock valued at $883,000 after buying an additional 68 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Landstar System by 3,775.2% in the third quarter. Thrivent Financial for Lutherans now owns 334,853 shares of the transportation company’s stock valued at $63,243,000 after buying an additional 326,212 shares in the last quarter. Finally, Quest Partners LLC increased its holdings in shares of Landstar System by 2,158.7% in the third quarter. Quest Partners LLC now owns 8,922 shares of the transportation company’s stock valued at $1,685,000 after buying an additional 8,527 shares in the last quarter. Institutional investors 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.