Landstar System (NASDAQ:LSTR) Sets New 12-Month Low After Analyst Downgrade

Landstar System, Inc. (NASDAQ:LSTR - Get Free Report) shares hit a new 52-week low on Thursday after Susquehanna lowered their price target on the stock from $130.00 to $120.00. Susquehanna currently has a neutral rating on the stock. Landstar System traded as low as $141.80 and last traded at $142.05, with a volume of 187000 shares changing hands. The stock had previously closed at $151.93.

Several other research analysts have also recently issued reports on LSTR. JPMorgan Chase & Co. reduced their price objective on Landstar System from $177.00 to $147.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Benchmark restated a "hold" rating on shares of Landstar System in a research note on Thursday, April 3rd. Truist Financial dropped their price objective on shares of Landstar System from $160.00 to $150.00 and set a "hold" rating on the stock in a report on Thursday, April 3rd. Stifel Nicolaus boosted their target price on shares of Landstar System from $164.00 to $169.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Finally, TD Cowen cut their price target on Landstar System from $161.00 to $145.00 and set a "hold" rating on the stock in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating and twelve have given a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $159.55.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Golden State Wealth Management LLC purchased a new position in Landstar System in the 4th quarter valued at $25,000. HM Payson & Co. acquired a new stake in shares of Landstar System in the fourth quarter valued at about $26,000. Colonial Trust Co SC lifted its stake in shares of Landstar System by 61.7% in the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company's stock worth $32,000 after buying an additional 71 shares in the last quarter. Trust Co. of Vermont acquired a new position in Landstar System during the fourth quarter worth about $34,000. Finally, BOKF NA grew its stake in Landstar System by 56.1% during the 4th quarter. BOKF NA now owns 348 shares of the transportation company's stock valued at $58,000 after acquiring an additional 125 shares in the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.

Landstar System Price Performance

The firm has a market capitalization of $4.69 billion, a PE ratio of 24.17 and a beta of 0.88. The stock's 50 day simple moving average is $155.57 and its two-hundred day simple moving average is $171.92. 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 announced 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, 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 declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Tuesday, February 18th. Landstar System's payout ratio is presently 26.09%.

About Landstar System

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.