Landstar System (NASDAQ:LSTR) Reaches New 1-Year Low - Should You Sell?

Landstar System, Inc. (NASDAQ:LSTR - Get Free Report)'s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $152.64 and last traded at $152.86, with a volume of 40264 shares traded. The stock had previously closed at $154.52.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Stifel Nicolaus increased their price objective on shares of Landstar System from $164.00 to $169.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Raymond James downgraded shares of Landstar System from an "outperform" rating to a "market perform" rating in a research report on Friday, November 15th. JPMorgan Chase & Co. dropped their target price on shares of Landstar System from $184.00 to $177.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Finally, Benchmark reiterated a "hold" rating on shares of Landstar System in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company's stock. According to MarketBeat, Landstar System currently has an average rating of "Hold" and an average price target of $170.40.

Landstar System Stock Performance

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 stock's 50-day simple moving average is $165.76 and its 200 day simple moving average is $177.03. The stock has a market capitalization of $5.72 billion, a P/E ratio of 29.33 and a beta of 0.82.

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Landstar System (NASDAQ:LSTR - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. Research analysts expect that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Tuesday, February 18th. Landstar System's dividend payout ratio is currently 26.09%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LSTR. Kayne Anderson Rudnick Investment Management LLC raised its stake in Landstar System by 16.1% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,764,603 shares of the transportation company's stock valued at $646,985,000 after purchasing an additional 521,695 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Landstar System during the fourth quarter worth about $63,816,000. Thrivent Financial for Lutherans grew its holdings in shares of Landstar System by 3,775.2% during the third quarter. Thrivent Financial for Lutherans now owns 334,853 shares of the transportation company's stock worth $63,243,000 after purchasing an additional 326,212 shares during the last quarter. Norges Bank bought a new stake in shares of Landstar System during the fourth quarter worth about $54,088,000. Finally, Corient Private Wealth LLC grew its holdings in shares of Landstar System by 1,207.3% during the fourth quarter. Corient Private Wealth LLC now owns 293,899 shares of the transportation company's stock worth $50,509,000 after purchasing an additional 271,417 shares during the last quarter. Institutional investors and hedge funds own 97.95% of the company's stock.

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.