Landstar System (NASDAQ:LSTR) Hits New 1-Year Low - Here's Why

Landstar System, Inc. (NASDAQ:LSTR - Get Free Report)'s share price 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 traded. The stock had previously closed at $149.02.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Truist Financial started coverage on Landstar System in a research note on Thursday, March 13th. They issued a "hold" rating and a $160.00 price objective on the stock. Stifel Nicolaus increased their price target on Landstar System from $164.00 to $169.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Benchmark reaffirmed a "hold" rating on shares of Landstar System in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped 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 report on Thursday, January 30th. One analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. According to data from MarketBeat, Landstar System presently has a consensus rating of "Hold" and an average price target of $169.45.

Landstar System Price Performance

The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. The company's fifty day moving average price is $162.21 and its 200 day moving average price is $175.05. The company has a market capitalization of $5.26 billion, a P/E ratio of 27.01 and a beta of 0.82.

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Landstar System (NASDAQ:LSTR - Get Free Report) last posted 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%. As a group, sell-side analysts forecast that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.36 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a yield of 0.97%. Landstar System's payout ratio is 26.09%.

Hedge Funds Weigh In On Landstar System

Several hedge funds and other institutional investors have recently made changes to their positions in LSTR. Golden State Wealth Management LLC bought a new position in Landstar System in the fourth quarter valued at approximately $25,000. HM Payson & Co. bought a new position in shares of Landstar System in the 4th quarter valued at $26,000. Colonial Trust Co SC increased its stake 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 valued at $32,000 after purchasing an additional 71 shares during the last quarter. Trust Co. of Vermont acquired a new position in shares of Landstar System during the 4th quarter worth $34,000. Finally, BOKF NA lifted its position in shares of Landstar System by 56.1% during the 4th quarter. BOKF NA now owns 348 shares of the transportation company's stock worth $58,000 after buying an additional 125 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.