WCM Investment Management LLC Decreases Stake in Landstar System, Inc. (NASDAQ:LSTR)

WCM Investment Management LLC reduced its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 155,373 shares of the transportation company's stock after selling 4,954 shares during the period. WCM Investment Management LLC owned about 0.44% of Landstar System worth $26,796,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in Landstar System in the 4th quarter worth approximately $25,000. Trust Co. of Vermont bought a new stake in Landstar System during the 4th quarter valued at $34,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in Landstar System by 431.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company's stock worth $83,000 after acquiring an additional 358 shares in the last quarter. GAMMA Investing LLC raised its position in Landstar System by 14.1% during the 3rd quarter. GAMMA Investing LLC now owns 568 shares of the transportation company's stock worth $107,000 after buying an additional 70 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its position in Landstar System by 27.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company's stock worth $137,000 after purchasing an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 97.95% of the company's stock.

Analyst Ratings Changes

LSTR has been the subject of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of Landstar System from $184.00 to $177.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. Susquehanna dropped their price objective on shares of Landstar System from $165.00 to $160.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. Evercore ISI decreased their target price on Landstar System from $165.00 to $160.00 and set an "in-line" rating for the company in a research report on Wednesday, October 30th. UBS Group lifted their target price on shares of Landstar System from $184.00 to $186.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Finally, TD Cowen dropped their price target on Landstar System from $176.00 to $174.00 and set a "hold" rating for the company in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating and eleven have given a hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $170.40.

Landstar System Trading Down 0.8 %

Landstar System stock traded down $1.31 during trading hours on Wednesday, hitting $159.86. The stock had a trading volume of 200,608 shares, compared to its average volume of 311,929. The business's 50 day simple moving average is $173.63 and its 200-day simple moving average is $180.71. 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, Inc. has a one year low of $157.99 and a one year high of $196.86. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of 28.96 and a beta of 0.83.

Landstar System (NASDAQ:LSTR - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. On average, equities analysts predict that Landstar System, Inc. will post 6.2 EPS for the current fiscal year.

Landstar System Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Tuesday, February 18th. Landstar System's payout ratio is currently 26.09%.

About Landstar System

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.