Bleakley Financial Group LLC Sells 71 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Bleakley Financial Group LLC cut its stake in Landstar System, Inc. (NASDAQ:LSTR) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,359 shares of the transportation company’s stock after selling 71 shares during the quarter. Bleakley Financial Group LLC’s holdings in Landstar System were worth $749,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its holdings in shares of Landstar System by 3,775.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 334,853 shares of the transportation company’s stock worth $63,243,000 after acquiring an additional 326,212 shares during the last quarter. Boston Trust Walden Corp raised its position in Landstar System by 21.1% in the 4th 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 period. BNP Paribas Financial Markets lifted its stake in Landstar System by 509.3% in 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 during the last quarter. Janus Henderson Group PLC boosted its position in shares of Landstar System by 24.0% during the third quarter. Janus Henderson Group PLC now owns 232,924 shares of the transportation company’s stock valued at $43,992,000 after buying an additional 45,147 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of Landstar System by 10.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 429,928 shares of the transportation company’s stock valued at $81,201,000 after buying an additional 41,758 shares during the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.

Landstar System Stock Performance

Shares of NASDAQ:LSTR opened at $159.41 on Monday. The firm has a 50 day moving average of $174.63 and a 200 day moving average of $181.16. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 28.88 and a beta of 0.83. Landstar System, Inc. has a 52 week low of $158.78 and a 52 week high of $196.86.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 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%. On average, sell-side analysts predict that Landstar System, Inc. will post 6.2 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Tuesday, February 18th. Landstar System’s payout ratio is 26.09%.

Analysts Set New Price Targets

LSTR has been the subject of a number of research analyst reports. TD Cowen decreased their price target on Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. Stifel Nicolaus boosted their target price on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Susquehanna reduced their price target on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Benchmark reiterated a “hold” rating on shares of Landstar System in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $170.40.

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.