Landstar System, Inc. (NASDAQ:LSTR - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $130.00 and last traded at $131.55, with a volume of 363487 shares. The stock had previously closed at $134.45.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on LSTR shares. TD Cowen cut their target price on shares of Landstar System from $161.00 to $145.00 and set a "hold" rating for the company in a research note on Thursday, April 3rd. Stifel Nicolaus decreased their target price on shares of Landstar System from $162.00 to $147.00 and set a "hold" rating on the stock in a research report on Monday. Benchmark reissued a "hold" rating on shares of Landstar System in a research note on Monday. Susquehanna lowered their price objective on Landstar System from $130.00 to $120.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Finally, Truist Financial decreased their price target on Landstar System from $160.00 to $150.00 and set a "hold" rating on the stock in a research note on Thursday, April 3rd. One research analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $156.92.
View Our Latest Report on LSTR
Landstar System Stock Performance
The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average of $151.93 and a 200-day moving average of $170.08. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 25.90 and a beta of 0.88.
Landstar System (NASDAQ:LSTR - Get Free Report) last issued 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%. On average, equities research analysts forecast that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.
Landstar System Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a yield of 1.01%. Landstar System's dividend payout ratio is presently 26.09%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in LSTR. Nisa Investment Advisors LLC lifted its holdings in shares of Landstar System by 22.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 17,077 shares of the transportation company's stock valued at $2,935,000 after buying an additional 3,150 shares during the period. Pictet Asset Management Holding SA lifted its stake in Landstar System by 14.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 5,392 shares of the transportation company's stock valued at $927,000 after purchasing an additional 665 shares during the last quarter. National Bank of Canada FI grew its position in Landstar System by 346.8% in the third quarter. National Bank of Canada FI now owns 6,179 shares of the transportation company's stock worth $1,167,000 after buying an additional 4,796 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Landstar System by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 813,546 shares of the transportation company's stock valued at $153,685,000 after acquiring an additional 39,223 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Landstar System by 28.1% in the 3rd quarter. Franklin Resources Inc. now owns 58,177 shares of the transportation company's stock worth $11,000,000 after acquiring an additional 12,756 shares during the last quarter. Institutional investors and hedge funds 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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