Entropy Technologies LP Sells 1,600 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Entropy Technologies LP cut its stake in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 31.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,482 shares of the transportation company's stock after selling 1,600 shares during the period. Entropy Technologies LP's holdings in Landstar System were worth $598,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. State Street Corp raised its stake in shares of Landstar System by 1.4% during the 3rd quarter. State Street Corp now owns 1,117,857 shares of the transportation company's stock worth $211,130,000 after buying an additional 15,328 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Landstar System by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 813,546 shares of the transportation company's stock worth $153,685,000 after buying an additional 39,223 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of Landstar System by 10.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 429,928 shares of the transportation company's stock worth $81,201,000 after buying an additional 41,758 shares during the period. Copeland Capital Management LLC raised its position in Landstar System by 0.9% in the third quarter. Copeland Capital Management LLC now owns 388,142 shares of the transportation company's stock valued at $73,308,000 after purchasing an additional 3,630 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Landstar System by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 362,652 shares of the transportation company's stock valued at $68,494,000 after purchasing an additional 948 shares during the period. 97.95% of the stock is owned by hedge funds and other institutional investors.

Landstar System Trading Up 1.3 %

NASDAQ LSTR traded up $2.01 during trading hours on Friday, hitting $161.80. The company's stock had a trading volume of 260,211 shares, compared to its average volume of 339,663. The stock has a fifty day moving average of $172.19 and a 200 day moving average of $180.13. Landstar System, Inc. has a twelve month low of $157.99 and a twelve month high of $196.86. The firm has a market capitalization of $5.72 billion, a P/E ratio of 29.31 and a beta of 0.83. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07.

Landstar System (NASDAQ:LSTR - Get Free Report) 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 return on equity of 19.56% and a net margin of 4.07%. Equities research analysts forecast that Landstar System, Inc. will post 6.2 earnings per share 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 given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Tuesday, February 18th. Landstar System's dividend payout ratio (DPR) is currently 26.09%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LSTR. Susquehanna decreased their price target on Landstar System from $165.00 to $160.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. TD Cowen dropped their target price on Landstar System from $176.00 to $174.00 and set a "hold" rating on the stock in a report on Wednesday, October 30th. Stifel Nicolaus boosted their target price on Landstar System from $164.00 to $169.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Raymond James cut Landstar System from an "outperform" rating to a "market perform" rating in a report on Friday, November 15th. Finally, Benchmark reaffirmed a "hold" rating on shares of Landstar System in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating and eleven have given a hold rating to the stock. According to MarketBeat, the company presently 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.