Landstar System, Inc. (NASDAQ:LSTR - Get Free Report)'s stock price hit a new 52-week low during mid-day trading 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 trading hands. The stock had previously closed at $151.93.
Several other research analysts have also recently issued reports on LSTR. TD Cowen cut their target price on shares of Landstar System from $161.00 to $145.00 and set a "hold" rating on the stock in a report on Thursday. JPMorgan Chase & Co. dropped their price target on Landstar System from $177.00 to $147.00 and set a "neutral" rating for the company in a research note on Thursday. Stifel Nicolaus upped their price objective on shares of Landstar System from $164.00 to $169.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Benchmark reaffirmed a "hold" rating on shares of Landstar System in a research note on Thursday. Finally, Truist Financial lowered their price objective on shares of Landstar System from $160.00 to $150.00 and set a "hold" rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $159.55.
View Our Latest Stock Analysis on Landstar System
Institutional Investors Weigh In On Landstar System
Institutional investors have recently modified their holdings of the stock. FMR LLC increased its stake in Landstar System by 8.6% during the 3rd quarter. FMR LLC now owns 162,222 shares of the transportation company's stock valued at $30,639,000 after purchasing an additional 12,894 shares in the last quarter. IHT Wealth Management LLC grew its holdings in shares of Landstar System by 97.3% during the third quarter. IHT Wealth Management LLC now owns 2,358 shares of the transportation company's stock valued at $442,000 after buying an additional 1,163 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in Landstar System by 625.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 33,600 shares of the transportation company's stock worth $6,346,000 after acquiring an additional 28,971 shares during the last quarter. Stifel Financial Corp lifted its position in Landstar System by 0.8% in the 3rd quarter. Stifel Financial Corp now owns 85,120 shares of the transportation company's stock valued at $16,077,000 after acquiring an additional 696 shares in the last quarter. Finally, State Street Corp boosted its stake in Landstar System by 1.4% during the 3rd quarter. State Street Corp now owns 1,117,857 shares of the transportation company's stock valued at $211,130,000 after purchasing an additional 15,328 shares during the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.
Landstar System Stock Down 1.6 %
The stock has a market cap of $4.75 billion, a PE ratio of 24.36 and a beta of 0.88. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. The company has a 50 day moving average price of $156.41 and a two-hundred day moving average price of $172.27.
Landstar System (NASDAQ:LSTR - Get Free Report) last issued its earnings results 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 return on equity of 19.56% and a net margin of 4.07%. Analysts expect that Landstar System, Inc. will post 6.1 EPS for the current 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 issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Tuesday, February 18th. Landstar System's dividend payout ratio is currently 26.09%.
Landstar System Company Profile
(
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.
Featured Stories
Before you consider Landstar System, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Landstar System wasn't on the list.
While Landstar System currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
