Pacer Advisors Inc. Sells 1,900 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Pacer Advisors Inc. decreased its position in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 26.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,284 shares of the transportation company's stock after selling 1,900 shares during the quarter. Pacer Advisors Inc.'s holdings in Landstar System were worth $908,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of LSTR. State Street Corp grew its stake in shares of 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 last quarter. Geode Capital Management LLC lifted 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 acquiring an additional 39,223 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in Landstar System by 10.8% during the third 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 in the last quarter. Copeland Capital Management LLC increased its stake 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 acquiring an additional 3,630 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Landstar System by 0.3% in the 3rd 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 currently owned by institutional investors and hedge funds.

Landstar System Trading Down 1.1 %

Shares of Landstar System stock traded down $1.75 during trading on Friday, reaching $159.41. 218,129 shares of the company were exchanged, compared to its average volume of 323,477. Landstar System, Inc. has a twelve month low of $158.78 and a twelve month high of $196.86. The business has a 50-day moving average price of $175.16 and a 200-day moving average price of $181.37. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of 28.88 and a beta of 0.83.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced 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%. Sell-side analysts anticipate that Landstar System, Inc. will post 6.42 EPS for the current fiscal year.

Landstar System Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Tuesday, February 18th. This represents a $1.44 annualized dividend and a dividend yield of 0.90%. Landstar System's dividend payout ratio is presently 26.09%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on LSTR shares. UBS Group increased their target price on shares of Landstar System from $184.00 to $186.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Evercore ISI dropped their target price on shares of Landstar System from $165.00 to $160.00 and set an "in-line" rating for the company in a research note on Wednesday, October 30th. Stifel Nicolaus upped their target price on shares of Landstar System from $164.00 to $169.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Benchmark reissued a "hold" rating on shares of Landstar System in a report on Friday, January 31st. Finally, Stephens reduced their price objective on 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 investment 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, Landstar System presently has a consensus rating of "Hold" and a consensus price target of $170.40.

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.