Landstar System, Inc. (NASDAQ:LSTR) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its position in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,003 shares of the transportation company's stock after selling 2,368 shares during the quarter. California Public Employees Retirement System owned approximately 0.20% of Landstar System worth $12,203,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in LSTR. Pictet Asset Management Holding SA lifted its stake in shares of Landstar System by 14.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 5,392 shares of the transportation company's stock worth $927,000 after purchasing an additional 665 shares during the last quarter. Norges Bank purchased a new stake in Landstar System in the fourth quarter valued at about $54,088,000. Blair William & Co. IL raised its stake in Landstar System by 66.6% in the fourth quarter. Blair William & Co. IL now owns 15,034 shares of the transportation company's stock valued at $2,584,000 after buying an additional 6,012 shares during the last quarter. Caisse Des Depots ET Consignations purchased a new stake in Landstar System in the fourth quarter valued at about $1,012,000. Finally, WINTON GROUP Ltd purchased a new stake in Landstar System in the fourth quarter valued at about $324,000. Institutional investors own 97.95% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on LSTR. Susquehanna decreased their price target on Landstar System from $130.00 to $120.00 and set a "neutral" rating for the company in a research note on Monday. Truist Financial reduced their price objective on Landstar System from $160.00 to $150.00 and set a "hold" rating for the company in a research note on Thursday, April 3rd. JPMorgan Chase & Co. reduced their price objective on Landstar System from $177.00 to $147.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. TD Cowen reduced their price objective on Landstar System from $161.00 to $145.00 and set a "hold" rating for the company in a research note on Thursday, April 3rd. Finally, Benchmark restated a "hold" rating on shares of Landstar System in a research note on Thursday, April 3rd. One research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $159.55.

Landstar System Trading Down 2.8 %

Landstar System stock traded down $4.01 during trading on Thursday, reaching $137.10. 80,093 shares of the company were exchanged, compared to its average volume of 279,103. Landstar System, Inc. has a 52-week low of $128.99 and a 52-week high of $196.86. The company has a market capitalization of $4.84 billion, a P/E ratio of 24.83 and a beta of 0.88. 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 stock's 50 day simple moving average is $152.86 and its two-hundred day simple moving average is $170.81.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its earnings results on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. On average, equities research analysts expect that Landstar System, Inc. will post 6.1 earnings per share 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 1.05%. Landstar System's dividend payout ratio is presently 26.09%.

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.