Legato Capital Management LLC Reduces Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Legato Capital Management LLC decreased its stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 63.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,092 shares of the transportation company's stock after selling 8,803 shares during the quarter. Legato Capital Management LLC's holdings in Landstar System were worth $875,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in LSTR. Golden State Wealth Management LLC bought a new position in Landstar System during the 4th quarter worth $25,000. Trust Co. of Vermont bought a new position in Landstar System in the fourth quarter valued at about $34,000. Whittier Trust Co. of Nevada Inc. lifted its stake in Landstar System by 431.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company's stock valued at $83,000 after purchasing an additional 358 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in shares of Landstar System by 27.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company's stock valued at $137,000 after acquiring an additional 158 shares during the last quarter. Finally, Huntington National Bank grew its holdings in shares of Landstar System by 11.5% during the third quarter. Huntington National Bank now owns 924 shares of the transportation company's stock worth $175,000 after purchasing an additional 95 shares during the last quarter. Institutional investors and hedge funds own 97.95% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on LSTR shares. JPMorgan Chase & Co. reduced their target price on Landstar System from $184.00 to $177.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. TD Cowen decreased their price objective on Landstar System from $176.00 to $174.00 and set a "hold" rating for the company in a report on Wednesday, October 30th. Evercore ISI dropped their price objective on Landstar System from $165.00 to $160.00 and set an "in-line" rating on the stock in a research note on Wednesday, October 30th. Raymond James lowered Landstar System from an "outperform" rating to a "market perform" rating in a report on Friday, November 15th. Finally, Stephens lowered their price target on shares of Landstar System from $190.00 to $180.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating and eleven have given a hold rating to the stock. According to data from MarketBeat.com, Landstar System currently has a consensus rating of "Hold" and an average target price of $170.40.

Landstar System Price Performance

LSTR stock traded up $2.01 during midday trading on Monday, hitting $161.80. The company's stock had a trading volume of 260,211 shares, compared to its average volume of 339,663. Landstar System, Inc. has a 12 month low of $157.99 and a 12 month high of $196.86. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 29.31 and a beta of 0.83. The company has a 50 day moving average of $171.72 and a two-hundred day moving average of $179.88. 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 quarterly earnings data 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%. On average, analysts expect that Landstar System, Inc. will post 6.2 EPS for the current year.

Landstar System Dividend Announcement

The business 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 annualized dividend and a yield of 0.89%. The ex-dividend date is Tuesday, February 18th. Landstar System's dividend payout ratio (DPR) is 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.