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

Landstar System, Inc. (NASDAQ:LSTR) 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 trading hands. The stock had previously closed at $149.02.

Analyst Ratings Changes

A number of research firms have commented on LSTR. Truist Financial began coverage on shares of Landstar System in a research note on Thursday. They set a “hold” rating and a $160.00 price objective on the stock. Stifel Nicolaus increased their price objective on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Benchmark reiterated a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of 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 twelve have assigned a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $169.45.

Landstar System Stock Performance

The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average price is $163.83 and its two-hundred day moving average price is $175.89. The company has a market cap of $5.31 billion, a P/E ratio of 27.40 and a beta of 0.82.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data 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%. As a group, equities analysts forecast that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Tuesday, February 18th. Landstar System’s dividend payout ratio (DPR) is 26.09%.

Institutional Trading of Landstar System

A number of institutional investors have recently added to or reduced their stakes in the business. Roberts Wealth Advisors LLC lifted its stake 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 valued at $818,000 after acquiring an additional 60 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake 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 worth $883,000 after buying an additional 68 shares during the last quarter. Colonial Trust Co SC lifted its stake in shares of Landstar System by 61.7% in the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company’s stock worth $32,000 after buying an additional 71 shares during the last quarter. Caprock Group LLC lifted its stake in shares of Landstar System by 2.3% in the third quarter. Caprock Group LLC now owns 3,378 shares of the transportation company’s stock worth $638,000 after buying an additional 77 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Landstar System by 2.3% in the third quarter. Brown Brothers Harriman & Co. now owns 3,608 shares of the transportation company’s stock worth $681,000 after buying an additional 80 shares during the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

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.