Landstar System (NASDAQ:LSTR) Sets New 1-Year Low – Time to Sell?

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Raymond James lowered shares of Landstar System from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. The Goldman Sachs Group decreased their target price on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. Stephens dropped their price target on Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. TD Cowen reduced their price objective on Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Finally, Evercore ISI dropped their target price on Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $171.45.

Landstar System Stock Down 1.3 %

The stock’s 50-day moving average price is $180.53 and its 200-day moving average price is $182.81. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.04. The stock has a market cap of $5.85 billion, a price-to-earnings ratio of 28.42 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.22 billion. Landstar System had a return on equity of 20.68% and a net margin of 4.32%. Landstar System’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.71 EPS. On average, sell-side analysts expect that Landstar System, Inc. will post 5.57 earnings per share for the current year.

Landstar System Increases Dividend

The firm also recently announced a special dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be given a dividend of $2.00 per share. This is a positive change from Landstar System’s previous special dividend of $1.50. The ex-dividend date is Tuesday, January 7th. Landstar System’s dividend payout ratio is presently 24.70%.

Insider Buying and Selling

In related news, CFO James P. Todd sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $184.32, for a total value of $184,320.00. Following the completion of the sale, the chief financial officer now directly owns 14,083 shares of the company’s stock, valued at $2,595,778.56. The trade was a 6.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Landstar System

Hedge funds have recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC raised its position in shares of Landstar System by 1.5% during the third quarter. OneDigital Investment Advisors LLC now owns 4,678 shares of the transportation company’s stock worth $883,000 after purchasing an additional 68 shares during the period. GAMMA Investing LLC increased its stake in Landstar System by 14.1% during the 3rd quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock valued at $107,000 after purchasing an additional 70 shares in the last quarter. Equitable Trust Co. raised its holdings in Landstar System by 2.2% during the third quarter. Equitable Trust Co. now owns 3,250 shares of the transportation company’s stock worth $614,000 after buying an additional 71 shares during the last quarter. Caprock Group LLC lifted its stake in shares of Landstar System by 2.3% in the third quarter. Caprock Group LLC now owns 3,378 shares of the transportation company’s stock valued at $638,000 after buying an additional 77 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of Landstar System by 2.3% during the third quarter. Brown Brothers Harriman & Co. now owns 3,608 shares of the transportation company’s stock valued at $681,000 after buying an additional 80 shares during the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

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.