Landstar System, Inc. (NASDAQ:LSTR) Stake Cut by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. cut its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,452 shares of the transportation company's stock after selling 3,056 shares during the quarter. GHP Investment Advisors Inc. owned approximately 0.17% of Landstar System worth $10,389,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LSTR. Creative Planning lifted its holdings in Landstar System by 18.2% during the 2nd quarter. Creative Planning now owns 4,285 shares of the transportation company's stock worth $790,000 after buying an additional 659 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Landstar System during the second quarter worth $946,000. SG Americas Securities LLC boosted its holdings in Landstar System by 119.0% in the third quarter. SG Americas Securities LLC now owns 3,528 shares of the transportation company's stock worth $666,000 after purchasing an additional 1,917 shares during the period. Handelsbanken Fonder AB increased its stake in Landstar System by 29.2% during the third quarter. Handelsbanken Fonder AB now owns 9,744 shares of the transportation company's stock valued at $1,840,000 after purchasing an additional 2,200 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Landstar System by 14.1% during the third quarter. GAMMA Investing LLC now owns 568 shares of the transportation company's stock worth $107,000 after purchasing an additional 70 shares during the period. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LSTR. UBS Group boosted their price objective on shares of Landstar System from $184.00 to $186.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Stifel Nicolaus increased 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. Raymond James lowered Landstar System from an "outperform" rating to a "market perform" rating in a research report on Friday, November 15th. Stephens dropped their target price on Landstar System from $190.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 30th. Finally, TD Cowen reduced their price target on shares of Landstar System from $176.00 to $174.00 and set a "hold" rating for the company in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $170.40.

Landstar System Price Performance

Shares of Landstar System stock traded up $0.64 on Monday, hitting $160.05. The company had a trading volume of 200,140 shares, compared to its average volume of 315,522. Landstar System, Inc. has a 52 week low of $158.78 and a 52 week high of $196.86. The company has a market cap of $5.65 billion, a PE ratio of 28.99 and a beta of 0.83. The business has a 50-day simple moving average of $174.63 and a 200-day simple moving average of $181.14. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (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%. Research analysts expect that Landstar System, Inc. will post 6.2 EPS for the current fiscal year.

Landstar System Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Tuesday, February 18th. Landstar System's payout ratio is 26.09%.

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.