Landstar System, Inc. (NASDAQ:LSTR - Get Free Report)'s share price reached a new 52-week low on Friday . The company traded as low as $158.80 and last traded at $160.54, with a volume of 19106 shares trading hands. The stock had previously closed at $161.16.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on LSTR. Raymond James cut Landstar System from an "outperform" rating to a "market perform" rating in a research note on Friday, November 15th. UBS Group lifted 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. TD Cowen cut their target price 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. Stifel Nicolaus lifted their target price on Landstar System from $164.00 to $169.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Finally, Evercore ISI cut their target price on Landstar System from $165.00 to $160.00 and set an "in-line" rating on the stock in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating and eleven have given a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $170.40.
Check Out Our Latest Research Report on LSTR
Landstar System Stock 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 stock has a fifty day moving average of $174.63 and a 200-day moving average of $181.14. The stock has a market cap of $5.69 billion, a PE ratio of 29.18 and a beta of 0.83.
Landstar System (NASDAQ:LSTR - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 earnings per share for the quarter, missing analysts' consensus estimates of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. On average, equities analysts forecast that Landstar System, Inc. will post 6.2 EPS for the current year.
Landstar System Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Tuesday, February 18th. Landstar System's dividend payout ratio is presently 26.09%.
Institutional Investors Weigh In On Landstar System
A number of institutional investors have recently added to or reduced their stakes in LSTR. Raymond James Financial Inc. purchased a new stake in Landstar System in the 4th quarter valued at approximately $63,816,000. Thrivent Financial for Lutherans boosted its stake 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 worth $63,243,000 after acquiring an additional 326,212 shares in the last quarter. Corient Private Wealth LLC boosted its stake 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 worth $50,509,000 after acquiring an additional 271,417 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Landstar System during the 4th quarter worth approximately $8,463,000. Finally, Boston Trust Walden Corp boosted its stake in shares of Landstar System by 21.1% during the 4th quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company's stock worth $47,695,000 after acquiring an additional 48,312 shares in the last quarter. Hedge funds and other institutional investors own 97.95% of the company's stock.
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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