Landstar System, Inc. (NASDAQ:LSTR) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC trimmed its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 7.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,206 shares of the transportation company’s stock after selling 101 shares during the quarter. Great Lakes Advisors LLC’s holdings in Landstar System were worth $207,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in LSTR. Raymond James Financial Inc. acquired a new position in shares of Landstar System in the 4th quarter valued at $63,816,000. Thrivent Financial for Lutherans lifted its position in Landstar System by 3,775.2% in the third quarter. Thrivent Financial for Lutherans now owns 334,853 shares of the transportation company’s stock valued at $63,243,000 after acquiring an additional 326,212 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Landstar System in the fourth quarter valued at $8,463,000. Boston Trust Walden Corp grew its holdings in shares of Landstar System by 21.1% during the fourth quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company’s stock worth $47,695,000 after purchasing an additional 48,312 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Landstar System by 509.3% during the third quarter. BNP Paribas Financial Markets now owns 55,048 shares of the transportation company’s stock worth $10,397,000 after purchasing an additional 46,014 shares in the last quarter. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Landstar System Trading Up 0.9 %

Shares of Landstar System stock opened at $150.41 on Monday. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 27.25 and a beta of 0.82. Landstar System, Inc. has a 52-week low of $147.59 and a 52-week high of $196.86. The company’s 50-day simple moving average is $163.83 and its 200-day simple moving average is $175.89. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07.

Landstar System (NASDAQ:LSTR) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. As a group, equities research analysts anticipate that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Tuesday, February 18th. Landstar System’s dividend payout ratio (DPR) is currently 26.09%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on LSTR shares. JPMorgan Chase & Co. decreased their target price on Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Truist Financial initiated coverage on shares of Landstar System in a research report on Thursday. They set a “hold” rating and a $160.00 target price on the stock. Stifel Nicolaus upped their price target on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Benchmark reissued a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $169.45.

Landstar System 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.