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

Key Points

• Landstar System (NASDAQ:LSTR) reached a new 52-week low of $126.11 during trading, with analysts giving it a consensus rating of "Hold" and a price target of $145.17.
• Despite recently releasing earnings that beat estimates, Landstar reported a 1.1% decline in year-over-year quarterly revenue and a decrease in earnings per share compared to the previous year.
• The company announced a quarterly dividend of $0.40 per share, which reflects a 1.3% yield and a payout ratio of 33.54%.

Landstar System, Inc. (NASDAQ:LSTR - Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as $126.56 and last traded at $126.11, with a volume of 13344 shares. The stock had previously closed at $127.08.

Analyst Ratings Changes

Several brokerages have recently weighed in on LSTR. Robert W. Baird began coverage on Landstar System in a research report on Tuesday, July 1st. They set an "outperform" rating and a $166.00 price target on the stock. Benchmark reissued a "hold" rating on shares of Landstar System in a research note on Monday, April 14th. Wall Street Zen downgraded Landstar System from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. Barclays assumed coverage on Landstar System in a report on Monday, June 9th. They issued an "equal weight" rating and a $145.00 price objective for the company. Finally, Baird R W raised Landstar System to a "strong-buy" rating in a research note on Tuesday, July 1st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Landstar System has a consensus rating of "Hold" and a consensus price target of $145.17.

Landstar System Price Performance

The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of 26.17 and a beta of 0.86. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.00 and a current ratio of 2.00. The company has a 50 day moving average of $138.45 and a 200 day moving average of $144.75.

Landstar System (NASDAQ:LSTR - Get Free Report) last released its earnings results on Tuesday, July 29th. The transportation company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.04. The company had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.21 billion. Landstar System had a return on equity of 17.49% and a net margin of 3.51%. The firm's quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.48 EPS. As a group, equities research analysts anticipate that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Tuesday, August 19th will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, August 19th. This represents a $1.60 annualized dividend and a dividend yield of 1.3%. Landstar System's dividend payout ratio (DPR) is currently 33.54%.

Hedge Funds Weigh In On Landstar System

A number of hedge funds have recently bought and sold shares of LSTR. Alpine Bank Wealth Management acquired a new position in Landstar System in the first quarter worth approximately $25,000. Colonial Trust Co SC lifted its position in Landstar System by 61.7% during the 4th quarter. Colonial Trust Co SC now owns 186 shares of the transportation company's stock worth $32,000 after acquiring an additional 71 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Landstar System by 132.7% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company's stock valued at $37,000 after buying an additional 142 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in Landstar System by 118.8% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 280 shares of the transportation company's stock valued at $39,000 after acquiring an additional 152 shares during the period. Finally, Hantz Financial Services Inc. grew its stake in Landstar System by 7,650.0% during the second quarter. Hantz Financial Services Inc. now owns 310 shares of the transportation company's stock worth $43,000 after buying an additional 306 shares during the last quarter. 97.95% of the stock is currently 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.

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