Segall Bryant & Hamill LLC Cuts Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

Segall Bryant & Hamill LLC decreased its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 15.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,540 shares of the transportation company’s stock after selling 5,879 shares during the period. Segall Bryant & Hamill LLC’s holdings in Landstar System were worth $5,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in Landstar System during the fourth quarter valued at $63,816,000. Corient Private Wealth LLC raised its position in shares of Landstar System by 1,207.3% during the 4th quarter. Corient Private Wealth LLC now owns 293,899 shares of the transportation company’s stock worth $50,509,000 after purchasing an additional 271,417 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Landstar System in the 4th quarter valued at about $8,463,000. Boston Trust Walden Corp boosted its holdings 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 buying an additional 48,312 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Landstar System by 509.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 55,048 shares of the transportation company’s stock worth $10,397,000 after buying an additional 46,014 shares in the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

Landstar System Trading Down 1.5 %

LSTR opened at $148.73 on Friday. The stock has a market capitalization of $5.25 billion, a PE ratio of 26.94 and a beta of 0.82. Landstar System, Inc. has a one year low of $144.13 and a one year 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 business’s 50 day moving average price is $159.96 and its 200 day moving average price is $173.93.

Landstar System (NASDAQ:LSTR) last announced 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 net margin of 4.07% and a return on equity of 19.56%. As a group, equities research analysts expect that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Tuesday, February 18th. Landstar System’s dividend payout ratio is presently 26.09%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Susquehanna decreased their price objective on Landstar System from $150.00 to $130.00 and set a “neutral” rating on the stock in a report on Wednesday. Truist Financial began coverage on shares of Landstar System in a report on Thursday, March 13th. They set a “hold” rating and a $160.00 target price for the company. Stifel Nicolaus raised their price target on shares of Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Finally, Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research note 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $166.73.

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.