Landstar System (NASDAQ:LSTR) Hits New 1-Year Low on Analyst Downgrade

Shares of Landstar System, Inc. (NASDAQ:LSTR - Get Free Report) hit a new 52-week low during trading on Friday after JPMorgan Chase & Co. lowered their price target on the stock from $184.00 to $177.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Landstar System traded as low as $163.18 and last traded at $166.94, with a volume of 697415 shares. The stock had previously closed at $172.92.

Several other analysts have also recently commented on LSTR. Stephens reduced 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 note on Wednesday, October 30th. Stifel Nicolaus raised their target price on shares of Landstar System from $164.00 to $169.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Evercore ISI dropped their price objective on shares of Landstar System from $165.00 to $160.00 and set an "in-line" rating on the stock in a research note on Wednesday, October 30th. Raymond James lowered shares of Landstar System from an "outperform" rating to a "market perform" rating in a research note on Friday, November 15th. Finally, TD Cowen reduced their price objective on shares of Landstar System from $176.00 to $174.00 and set a "hold" rating for the company in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating and eleven have given a hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $170.40.

Insider Activity at Landstar System

In other Landstar System news, CFO James P. Todd sold 1,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $184.32, for a total value of $184,320.00. Following the completion of the transaction, the chief financial officer now directly owns 14,083 shares in the company, valued at approximately $2,595,778.56. This trade represents a 6.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.75% of the stock is owned by company insiders.

Institutional Investors Weigh In On Landstar System

Several large investors have recently added to or reduced their stakes in LSTR. Golden State Wealth Management LLC purchased a new position in shares of Landstar System during the fourth quarter valued at approximately $25,000. Trust Co. of Vermont purchased a new position in shares of Landstar System in the fourth quarter valued at $34,000. Whittier Trust Co. of Nevada Inc. grew its position in Landstar System by 431.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company's stock worth $83,000 after buying an additional 358 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Landstar System by 14.1% in the 3rd quarter. GAMMA Investing LLC now owns 568 shares of the transportation company's stock worth $107,000 after purchasing an additional 70 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in shares of Landstar System by 27.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company's stock valued at $137,000 after acquiring an additional 158 shares during the last quarter. Institutional investors and hedge funds own 97.95% of the company's stock.

Landstar System Stock Performance

The business has a 50 day moving average price of $177.10 and a two-hundred day moving average price of $181.94. The company has a market cap of $5.75 billion, a P/E ratio of 29.49 and a beta of 0.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted 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, sell-side analysts anticipate that Landstar System, Inc. will post 6.42 earnings per share for the current year.

Landstar System Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.36 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a yield of 0.88%. Landstar System's dividend payout ratio is presently 26.09%.

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.