Natixis Advisors LLC Sells 4,559 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Natixis Advisors LLC trimmed its position in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 125,092 shares of the transportation company's stock after selling 4,559 shares during the period. Natixis Advisors LLC owned about 0.35% of Landstar System worth $21,498,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in LSTR. Victory Capital Management Inc. lifted its stake in shares of Landstar System by 0.7% in the 4th quarter. Victory Capital Management Inc. now owns 1,621,511 shares of the transportation company's stock worth $278,673,000 after purchasing an additional 11,146 shares during the period. State Street Corp raised its position in Landstar System by 1.4% in the third quarter. State Street Corp now owns 1,117,857 shares of the transportation company's stock worth $211,130,000 after acquiring an additional 15,328 shares during the period. Geode Capital Management LLC boosted its stake in shares of Landstar System by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 813,546 shares of the transportation company's stock worth $153,685,000 after acquiring an additional 39,223 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Landstar System by 10.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 429,928 shares of the transportation company's stock worth $81,201,000 after acquiring an additional 41,758 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Landstar System by 4.3% during the 4th quarter. Bank of New York Mellon Corp now owns 389,019 shares of the transportation company's stock valued at $66,857,000 after acquiring an additional 15,986 shares during the period. 97.95% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Benchmark reiterated a "hold" rating on shares of Landstar System in a research report on Friday, January 31st. Stifel Nicolaus boosted their price objective on Landstar System from $164.00 to $169.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. decreased their target price on shares of Landstar System from $184.00 to $177.00 and set a "neutral" rating on the stock in a research note on Thursday, January 30th. Finally, Truist Financial began coverage on shares of Landstar System in a research report on Thursday, March 13th. They issued a "hold" rating and a $160.00 price target for the company. One equities research analyst has rated the stock with a sell rating and twelve have given a hold rating to the company's stock. According to data from MarketBeat, Landstar System presently has an average rating of "Hold" and an average price target of $169.45.

Landstar System Price Performance

LSTR stock traded up $2.45 during mid-day trading on Friday, hitting $149.08. The company had a trading volume of 1,381,449 shares, compared to its average volume of 263,842. The company has a 50-day moving average price of $162.21 and a 200 day moving average price of $175.05. Landstar System, Inc. has a 12-month low of $144.13 and a 12-month high of $196.86. The company has a market capitalization of $5.26 billion, a price-to-earnings ratio of 27.01 and a beta of 0.82. 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 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, research analysts anticipate that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Tuesday, February 18th. Landstar System's dividend payout ratio (DPR) 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.