Landstar System, Inc. (NASDAQ:LSTR) Shares Sold by Smithfield Trust Co

Smithfield Trust Co cut its position in Landstar System, Inc. (NASDAQ:LSTR) by 25.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 436 shares of the transportation company’s stock after selling 147 shares during the period. Smithfield Trust Co’s holdings in Landstar System were worth $75,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. grew its stake 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 buying an additional 11,146 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Landstar System by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 364,998 shares of the transportation company’s stock worth $62,729,000 after purchasing an additional 2,346 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in Landstar System by 11.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,935 shares of the transportation company’s stock worth $504,000 after purchasing an additional 300 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Landstar System by 225.5% during the 4th quarter. Jones Financial Companies Lllp now owns 895 shares of the transportation company’s stock worth $154,000 after purchasing an additional 620 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Landstar System during the 4th quarter worth $8,463,000. 97.95% of the stock is owned by institutional investors and hedge funds.

Landstar System Stock Up 0.0 %

Landstar System stock opened at $154.58 on Thursday. Landstar System, Inc. has a fifty-two week low of $152.64 and a fifty-two week high of $196.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96. The company has a market capitalization of $5.46 billion, a P/E ratio of 28.00 and a beta of 0.83. The stock has a 50-day simple moving average of $166.30 and a 200-day simple moving average of $177.45.

Landstar System (NASDAQ:LSTR) last posted its earnings results 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%. Equities research analysts expect that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Tuesday, February 18th. Landstar System’s payout ratio is currently 26.09%.

Wall Street Analysts Forecast Growth

LSTR has been the subject of several analyst reports. Stifel Nicolaus boosted their target price on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Benchmark reissued a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. Raymond James cut Landstar System from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. lowered their target price on Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $170.40.

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.