Landstar System, Inc. (NASDAQ:LSTR - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Thursday . The stock 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 Analyst Weigh In
Several equities analysts have weighed in on the stock. Raymond James downgraded shares of Landstar System from an "outperform" rating to a "market perform" rating in a report on Friday, November 15th. JPMorgan Chase & Co. lowered their target price 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. Benchmark reiterated a "hold" rating on shares of Landstar System in a research note on Friday, January 31st. TD Cowen lowered their price objective on Landstar System from $176.00 to $174.00 and set a "hold" rating on the stock in a research report on Wednesday, October 30th. Finally, UBS Group increased their target price on Landstar System from $184.00 to $186.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company. Based on data from MarketBeat.com, Landstar System currently has a consensus rating of "Hold" and a consensus price target of $170.40.
Check Out Our Latest Stock Report on Landstar System
Landstar System Trading Up 0.4 %
The firm has a market cap of $5.63 billion, a P/E ratio of 28.86 and a beta of 0.83. The stock has a 50 day simple moving average of $170.04 and a 200-day simple moving average of $179.43. 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 - Get Free Report) last announced its quarterly earnings results 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 return on equity of 19.56% and a net margin of 4.07%. On average, equities research analysts expect that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.
Landstar System Announces Dividend
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. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.44 annualized dividend and a yield of 0.90%. Landstar System's payout ratio is currently 26.09%.
Institutional Investors Weigh In On Landstar System
Institutional investors have recently modified their holdings of the stock. Golden State Wealth Management LLC purchased a new stake in Landstar System during the 4th quarter valued at $25,000. HM Payson & Co. purchased a new stake in shares of Landstar System in the fourth quarter valued at $26,000. Colonial Trust Co SC lifted its holdings in shares of Landstar System by 61.7% in the 4th quarter. Colonial Trust Co SC now owns 186 shares of the transportation company's stock worth $32,000 after acquiring an additional 71 shares during the last quarter. Trust Co. of Vermont purchased a new position in shares of Landstar System during the 4th quarter worth about $34,000. Finally, Transce3nd LLC bought a new position in Landstar System during the 4th quarter valued at about $60,000. 97.95% of the stock is owned by institutional investors.
Landstar System Company Profile
(
Get Free Report)
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.
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