Landstar System, Inc. (NASDAQ:LSTR - Get Free Report) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $152.11 and last traded at $152.12, with a volume of 480452 shares traded. The stock had previously closed at $160.63.
Analyst Ratings Changes
A number of brokerages recently weighed in on LSTR. Raymond James downgraded Landstar System from an "outperform" rating to a "market perform" rating in a research report on Friday, November 15th. Stifel Nicolaus increased their price target 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. Benchmark reaffirmed a "hold" rating on shares of Landstar System in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Landstar System from $184.00 to $177.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating and eleven have given a hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $170.40.
Check Out Our Latest Stock Analysis on LSTR
Landstar System Stock Performance
The firm has a 50-day moving average of $165.12 and a 200-day moving average of $176.59. 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 stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 27.56 and a beta of 0.82.
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 (EPS) for the quarter, missing the consensus estimate 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 predict that Landstar System, Inc. will post 6.1 earnings per share for the current year.
Landstar System Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were issued a dividend of $0.36 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.44 annualized dividend and a dividend yield of 0.95%. Landstar System's dividend payout ratio (DPR) is presently 26.09%.
Institutional Investors Weigh In On Landstar System
Several hedge funds have recently added to or reduced their stakes in LSTR. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Landstar System by 16.1% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,764,603 shares of the transportation company's stock worth $646,985,000 after buying an additional 521,695 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Landstar System in the 4th quarter worth approximately $63,816,000. Thrivent Financial for Lutherans boosted its position in Landstar System by 3,775.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 334,853 shares of the transportation company's stock worth $63,243,000 after purchasing an additional 326,212 shares in the last quarter. Norges Bank purchased a new position in shares of Landstar System during the 4th quarter valued at approximately $54,088,000. Finally, Corient Private Wealth LLC lifted its stake in shares of Landstar System by 1,207.3% in the 4th quarter. Corient Private Wealth LLC now owns 293,899 shares of the transportation company's stock valued at $50,509,000 after purchasing an additional 271,417 shares during the period. 97.95% of the stock is owned by hedge funds and other institutional investors.
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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