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

Key Points

• Landstar System's shares reached a new 52-week low, trading at $123.26 before closing at $123.60.
• Several analysts have revised their price targets downward, with TD Cowen lowering its target from $141.00 to $135.00 and giving a "hold" rating.
• Landstar announced a quarterly dividend of $0.40, resulting in an annualized yield of 1.3%, with a payout ratio of 33.54%.

Shares of Landstar System, Inc. (NASDAQ:LSTR - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $123.26 and last traded at $123.60, with a volume of 3592 shares trading hands. The stock had previously closed at $124.67.

Analysts Set New Price Targets

Several research firms recently commented on LSTR. Susquehanna set a $123.00 price target on shares of Landstar System and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Stifel Nicolaus decreased their price target on shares of Landstar System from $140.00 to $131.00 and set a "hold" rating on the stock in a research note on Thursday, July 31st. UBS Group decreased their price target on shares of Landstar System from $154.00 to $149.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 30th. Evercore ISI decreased their price target on shares of Landstar System from $135.00 to $132.00 and set an "in-line" rating on the stock in a research note on Wednesday, July 30th. Finally, TD Cowen decreased their price target on shares of Landstar System from $141.00 to $135.00 and set a "hold" rating on the stock in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $145.17.

Landstar System Price Performance

The company's 50-day moving average is $132.04 and its two-hundred day moving average is $137.95. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a market cap of $4.20 billion, a P/E ratio of 25.43 and a beta of 0.84.

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

Landstar System Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Tuesday, August 19th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.3%. Landstar System's dividend payout ratio is 33.54%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. lifted its holdings in shares of Landstar System by 54.7% in the second quarter. Osaic Holdings Inc. now owns 662 shares of the transportation company's stock worth $92,000 after acquiring an additional 234 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of Landstar System in the second quarter worth about $1,671,000. State of Wyoming bought a new position in shares of Landstar System in the second quarter worth about $243,000. Hudson Bay Capital Management LP lifted its holdings in shares of Landstar System by 2.8% in the second quarter. Hudson Bay Capital Management LP now owns 12,154 shares of the transportation company's stock worth $1,690,000 after acquiring an additional 331 shares during the last quarter. Finally, FORA Capital LLC raised its holdings in Landstar System by 15.4% in the 2nd quarter. FORA Capital LLC now owns 4,649 shares of the transportation company's stock valued at $646,000 after buying an additional 620 shares during the last quarter. Institutional investors 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.