Landstar System (NASDAQ:LSTR) Hits New 52-Week Low – Should You Sell?

Landstar System, Inc. (NASDAQ:LSTR)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $152.64 and last traded at $152.86, with a volume of 40264 shares trading hands. The stock had previously closed at $154.52.

Analyst Ratings Changes

A number of analysts have weighed in on LSTR shares. Stifel Nicolaus raised 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 reissued a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. JPMorgan Chase & Co. dropped their price objective on Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Finally, Raymond James downgraded Landstar System from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $170.40.

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 price of $166.00 and a 200-day moving average price of $177.33. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 29.33 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) 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 net margin of 4.07% and a return on equity of 19.56%. On average, analysts expect that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.89%. Landstar System’s dividend payout ratio is presently 26.09%.

Institutional Trading of Landstar System

Institutional investors have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC purchased a new stake in shares of Landstar System during the 4th quarter worth approximately $25,000. HM Payson & Co. purchased a new stake in Landstar System during the fourth quarter worth $26,000. Colonial Trust Co SC grew its holdings in Landstar System by 61.7% in the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 71 shares during the last quarter. Trust Co. of Vermont purchased a new position in shares of Landstar System in the fourth quarter valued at $34,000. Finally, BOKF NA raised its stake in shares of Landstar System by 56.1% during the 4th quarter. BOKF NA now owns 348 shares of the transportation company’s stock worth $58,000 after buying an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Landstar System Company Profile

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.