Natixis Advisors LLC Cuts Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

Natixis Advisors LLC cut its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 125,092 shares of the transportation company’s stock after selling 4,559 shares during the quarter. Natixis Advisors LLC owned 0.35% of Landstar System worth $21,498,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Victory Capital Management Inc. grew its holdings in shares of Landstar System by 0.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,621,511 shares of the transportation company’s stock valued at $278,673,000 after purchasing an additional 11,146 shares in the last quarter. State Street Corp lifted its position in Landstar System by 1.4% in the third quarter. State Street Corp now owns 1,117,857 shares of the transportation company’s stock worth $211,130,000 after buying an additional 15,328 shares during the last quarter. Geode Capital Management LLC lifted its position in Landstar System by 5.1% in the third quarter. Geode Capital Management LLC now owns 813,546 shares of the transportation company’s stock worth $153,685,000 after buying an additional 39,223 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Landstar System by 10.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 429,928 shares of the transportation company’s stock worth $81,201,000 after buying an additional 41,758 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Landstar System by 4.3% in the fourth quarter. Bank of New York Mellon Corp now owns 389,019 shares of the transportation company’s stock worth $66,857,000 after buying an additional 15,986 shares during the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.

Landstar System Stock Performance

LSTR stock opened at $150.24 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. The business has a 50-day moving average price of $163.43 and a 200 day moving average price of $175.68. The company has a market capitalization of $5.31 billion, a P/E ratio of 27.22 and a beta of 0.82. Landstar System, Inc. has a 1-year low of $147.59 and a 1-year high of $196.86.

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

Landstar System Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were issued a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.44 annualized dividend and a dividend yield of 0.96%. Landstar System’s payout ratio is currently 26.09%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LSTR. Stifel Nicolaus raised their price target on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price target 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 began coverage on Landstar System in a research report on Thursday, March 13th. They issued a “hold” rating and a $160.00 price target for the company. Finally, Benchmark restated a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Landstar System currently has an average rating of “Hold” and a consensus target price of $169.45.

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.