Landstar System (NASDAQ:LSTR) Reaches New 1-Year Low – Here’s Why

Landstar System, Inc. (NASDAQ:LSTR)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $165.31 and last traded at $167.09, with a volume of 15836 shares trading hands. The stock had previously closed at $167.89.

Analysts Set New Price Targets

LSTR has been the subject of a number of recent research reports. Stephens reduced their price target on Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. JPMorgan Chase & Co. increased their target price on shares of Landstar System from $184.00 to $188.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. UBS Group boosted their price target on shares of Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group reduced their price objective on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a research note on Wednesday, October 9th. Finally, Raymond James downgraded Landstar System from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $171.45.

Landstar System Stock Down 1.3 %

The firm has a market cap of $5.85 billion, a P/E ratio of 28.42 and a beta of 0.83. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.21 and a current ratio of 2.21. The firm’s fifty day moving average is $180.53 and its 200 day moving average is $182.81.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Tuesday, October 29th. The transportation company reported $1.41 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.04). Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the company posted $1.71 EPS. Landstar System’s revenue for the quarter was down 5.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Landstar System, Inc. will post 5.57 earnings per share for the current fiscal year.

Landstar System Increases Dividend

The firm also recently declared a special dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, January 7th. This is an increase from Landstar System’s previous special dividend of $1.50. Landstar System’s dividend payout ratio is 24.70%.

Insider Buying and Selling

In other Landstar System news, CFO James P. Todd sold 1,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $184.32, for a total transaction of $184,320.00. Following the transaction, the chief financial officer now owns 14,083 shares in the company, valued at $2,595,778.56. This trade represents a 6.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by insiders.

Institutional Trading of Landstar System

Several large investors have recently modified their holdings of the stock. Quest Partners LLC acquired a new position in Landstar System in the second quarter valued at about $73,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Landstar System by 431.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock worth $83,000 after acquiring an additional 358 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of Landstar System during the 2nd quarter worth approximately $106,000. GAMMA Investing LLC lifted its stake in Landstar System by 14.1% during the third quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock worth $107,000 after purchasing an additional 70 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Landstar System in the 2nd quarter valued at $131,000. 97.95% of the stock is owned by institutional investors and hedge funds.

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.