Landstar System (NASDAQ:LSTR) Hits New 1-Year Low – Should You Sell?

Landstar System, Inc. (NASDAQ:LSTR) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $157.98 and last traded at $159.21, with a volume of 50598 shares traded. The stock had previously closed at $158.38.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus boosted 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. TD Cowen decreased their price target on Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. UBS Group increased their price objective on Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Benchmark reissued a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $170.40.

Landstar System Stock Up 0.4 %

The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96. The company has a market capitalization of $5.63 billion, a PE ratio of 28.86 and a beta of 0.83. The company’s fifty day moving average is $170.04 and its 200-day moving average is $179.43.

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 the consensus estimate of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. As a group, analysts predict that Landstar System, Inc. will post 6.1 EPS 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. Investors of record on Tuesday, February 18th will be issued a dividend of $0.36 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.44 annualized dividend and a yield of 0.90%. Landstar System’s payout ratio is presently 26.09%.

Hedge Funds Weigh In On Landstar System

A number of hedge funds have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale increased its holdings in shares of Landstar System by 22.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 31,691 shares of the transportation company’s stock valued at $5,905,000 after acquiring an additional 5,876 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Landstar System by 4.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 6,160 shares of the transportation company’s stock valued at $1,162,000 after acquiring an additional 275 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Landstar System by 1.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 13,927 shares of the transportation company’s stock valued at $2,630,000 after buying an additional 180 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Landstar System by 320.5% in the third quarter. Farther Finance Advisors LLC now owns 1,459 shares of the transportation company’s stock valued at $276,000 after acquiring an additional 1,112 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of Landstar System by 111.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,751 shares of the transportation company’s stock worth $1,653,000 after acquiring an additional 4,606 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors.

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.