Landstar System (NASDAQ:LSTR) Reaches New 12-Month Low – Here’s What Happened

Landstar System, Inc. (NASDAQ:LSTR) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $157.99 and last traded at $159.86, with a volume of 200608 shares trading hands. The stock had previously closed at $161.17.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on LSTR shares. UBS Group lifted their price target on shares of Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Stephens cut 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 report on Wednesday, October 30th. Evercore ISI lowered their price target on Landstar System from $165.00 to $160.00 and set an “in-line” rating on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. cut their price objective on Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Finally, Susquehanna reduced their price objective on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $170.40.

Landstar System Stock Down 0.8 %

The company has a 50-day moving average of $173.63 and a two-hundred day moving average of $180.71. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. The company has a market capitalization of $5.65 billion, a PE ratio of 28.96 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data 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%. Sell-side analysts anticipate that Landstar System, Inc. will post 6.2 earnings per share for the current fiscal year.

Landstar System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a $0.36 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.90%. Landstar System’s payout ratio is currently 26.09%.

Institutional Trading of Landstar System

Several institutional investors and hedge funds have recently modified their holdings of the company. Wedge Capital Management L L P NC boosted its holdings in Landstar System by 0.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 17,805 shares of the transportation company’s stock worth $3,363,000 after buying an additional 99 shares during the period. Wesbanco Bank Inc. boosted its stake in shares of Landstar System by 9.5% in the third quarter. Wesbanco Bank Inc. now owns 2,888 shares of the transportation company’s stock worth $545,000 after acquiring an additional 250 shares during the period. Roberts Wealth Advisors LLC grew its position in shares of Landstar System by 3.8% during the third quarter. Roberts Wealth Advisors LLC now owns 4,556 shares of the transportation company’s stock worth $848,000 after purchasing an additional 167 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of Landstar System during the third quarter worth about $378,000. Finally, Cardinal Capital Management raised its stake in Landstar System by 8.3% during the 3rd quarter. Cardinal Capital Management now owns 21,534 shares of the transportation company’s stock valued at $4,067,000 after purchasing an additional 1,655 shares during the period. 97.95% of the stock is currently owned by institutional investors.

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.