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

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Benchmark reiterated a “hold” rating on shares of Landstar System in a report on Friday, January 31st. Stifel Nicolaus increased their target price on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Stephens reduced their price target on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Susquehanna lowered their price objective on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Finally, Raymond James cut shares of Landstar System from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating and eleven have given a hold rating to the stock. Based on data from MarketBeat.com, Landstar System currently has an average rating of “Hold” and a consensus target price of $170.40.

Landstar System Price Performance

The company has a market capitalization of $5.60 billion, a P/E ratio of 28.69 and a beta of 0.83. The business’s 50-day moving average is $170.61 and its two-hundred day moving average is $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 posted its 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 return on equity of 19.56% and a net margin of 4.07%. As a group, analysts predict 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 will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a yield of 0.91%. Landstar System’s dividend payout ratio (DPR) is presently 26.09%.

Institutional Investors Weigh In On Landstar System

Hedge funds have recently made changes to their positions in the business. Golden State Wealth Management LLC purchased a new stake in Landstar System during the fourth quarter worth about $25,000. HM Payson & Co. bought a new position in shares of Landstar System during the 4th quarter valued at approximately $26,000. Colonial Trust Co SC grew 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 acquiring an additional 71 shares during the period. Trust Co. of Vermont purchased a new stake in shares of Landstar System during the 4th quarter worth approximately $34,000. Finally, BOKF NA raised its holdings in shares of Landstar System by 56.1% in the 4th quarter. BOKF NA now owns 348 shares of the transportation company’s stock worth $58,000 after purchasing an additional 125 shares during the period. 97.95% of the stock is currently owned by institutional investors.

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.