Landstar System, Inc. (NASDAQ:LSTR - Get Free Report) shares hit a new 52-week low during trading on Thursday . The company traded as low as $157.99 and last traded at $159.86, with a volume of 200608 shares traded. The stock had previously closed at $161.17.
Wall Street Analyst Weigh In
A number of research analysts recently commented on LSTR shares. UBS Group upped their price objective on Landstar System from $184.00 to $186.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Benchmark restated a "hold" rating on shares of Landstar System in a research note on Friday, January 31st. Raymond James downgraded Landstar System from an "outperform" rating to a "market perform" rating in a research note on Friday, November 15th. JPMorgan Chase & Co. decreased their price target on Landstar System from $184.00 to $177.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. Finally, Stephens decreased their price target on Landstar System from $190.00 to $180.00 and set an "equal weight" rating for the company in a research note 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 stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $170.40.
Read Our Latest Stock Report on LSTR
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 firm has a market cap of $5.72 billion, a price-to-earnings ratio of 29.31 and a beta of 0.83. The company has a fifty day moving average price of $172.19 and a two-hundred day moving average price of $180.13.
Landstar System (NASDAQ:LSTR - Get Free Report) last announced 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 net margin of 4.07% and a return on equity of 19.56%. As a group, equities research analysts expect that Landstar System, Inc. will post 6.2 EPS for the current year.
Landstar System Announces Dividend
The company also recently announced 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. This represents a $1.44 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Tuesday, February 18th. Landstar System's payout ratio is currently 26.09%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Landstar System by 16.1% during the 4th 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 acquiring an additional 521,695 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Landstar System during the 4th quarter valued at about $63,816,000. Thrivent Financial for Lutherans increased its holdings in shares of Landstar System by 3,775.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 334,853 shares of the transportation company's stock valued at $63,243,000 after acquiring an additional 326,212 shares during the last quarter. Norges Bank acquired a new position in shares of Landstar System during the 4th quarter valued at about $54,088,000. Finally, Corient Private Wealth LLC increased its holdings in shares of Landstar System by 1,207.3% during the 4th quarter. Corient Private Wealth LLC now owns 293,899 shares of the transportation company's stock valued at $50,509,000 after acquiring an additional 271,417 shares during the last quarter. 97.95% of the stock is owned by institutional investors and hedge funds.
About Landstar System
(
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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