Landstar System, Inc. (NASDAQ:LSTR) Stock Position Lowered by Savant Capital LLC

Savant Capital LLC cut its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 52.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,932 shares of the transportation company's stock after selling 2,116 shares during the quarter. Savant Capital LLC's holdings in Landstar System were worth $332,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of LSTR. Blue Trust Inc. increased its holdings in Landstar System by 64.4% during the 3rd quarter. Blue Trust Inc. now owns 1,774 shares of the transportation company's stock worth $327,000 after purchasing an additional 695 shares during the last quarter. Raymond James & Associates increased its holdings in Landstar System by 3.0% during the 3rd quarter. Raymond James & Associates now owns 150,764 shares of the transportation company's stock worth $28,475,000 after purchasing an additional 4,345 shares during the last quarter. Vest Financial LLC increased its holdings in Landstar System by 37.9% during the 3rd quarter. Vest Financial LLC now owns 8,339 shares of the transportation company's stock worth $1,575,000 after purchasing an additional 2,291 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of 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 acquiring an additional 358 shares during the last quarter. Finally, Copeland Capital Management LLC increased its holdings in shares of Landstar System by 0.9% in the 3rd 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 last quarter. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Landstar System Stock Performance

NASDAQ:LSTR traded up $0.64 during midday trading on Friday, reaching $159.31. 502,603 shares of the company traded hands, compared to its average volume of 310,359. Landstar System, Inc. has a twelve month low of $152.73 and a twelve month high of $196.86. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of 28.86 and a beta of 0.83. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. The company has a fifty day moving average price of $170.04 and a 200 day moving average price of $179.43.

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 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, analysts expect that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a yield of 0.90%. Landstar System's dividend payout ratio (DPR) is presently 26.09%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. TD Cowen lowered their price target on Landstar System from $176.00 to $174.00 and set a "hold" rating for the company in a report on Wednesday, October 30th. Stephens lowered their price target on Landstar System from $190.00 to $180.00 and set an "equal weight" rating for the company in a report on Wednesday, October 30th. JPMorgan Chase & Co. lowered their price target on Landstar System from $184.00 to $177.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. Stifel Nicolaus boosted their price target on Landstar System from $164.00 to $169.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Finally, Evercore ISI lowered their price target on Landstar System from $165.00 to $160.00 and set an "in-line" rating for the company in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company. Based on data from MarketBeat.com, Landstar System has an average rating of "Hold" and a consensus target price of $170.40.

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.