Segall Bryant & Hamill LLC trimmed its stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 15.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,540 shares of the transportation company's stock after selling 5,879 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.09% of Landstar System worth $5,420,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of LSTR. Roberts Wealth Advisors LLC raised its holdings in Landstar System by 1.3% during the fourth quarter. Roberts Wealth Advisors LLC now owns 4,616 shares of the transportation company's stock worth $818,000 after purchasing an additional 60 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in Landstar System by 1.3% during the 4th quarter. Harbor Capital Advisors Inc. now owns 8,865 shares of the transportation company's stock worth $1,524,000 after purchasing an additional 114 shares during the period. Voya Financial Advisors Inc. raised its stake in shares of Landstar System by 10.6% during the 3rd quarter. Voya Financial Advisors Inc. now owns 1,348 shares of the transportation company's stock worth $252,000 after buying an additional 129 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Landstar System in the 4th quarter valued at approximately $25,000. Finally, HM Payson & Co. purchased a new stake in shares of Landstar System in the fourth quarter valued at approximately $26,000. 97.95% of the stock is currently owned by hedge funds and other institutional investors.
Landstar System Price Performance
NASDAQ:LSTR traded down $0.14 during trading hours on Tuesday, reaching $150.06. 268,258 shares of the company traded hands, compared to its average volume of 274,994. Landstar System, Inc. has a 1-year low of $144.13 and a 1-year high of $196.86. The stock has a market cap of $5.30 billion, a P/E ratio of 27.18 and a beta of 0.82. The firm's 50-day moving average is $158.40 and its 200-day moving average is $173.14. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21.
Landstar System (NASDAQ:LSTR - Get Free Report) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share 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%. Equities research analysts expect that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.
Landstar System Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a $0.36 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.44 annualized dividend and a yield of 0.96%. Landstar System's dividend payout ratio (DPR) is presently 26.09%.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the company. JPMorgan Chase & Co. cut their price objective on Landstar System from $184.00 to $177.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. Benchmark reiterated a "hold" rating on shares of Landstar System in a research note on Friday, January 31st. 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. Truist Financial assumed coverage on shares of Landstar System in a report on Thursday, March 13th. They issued a "hold" rating and a $160.00 target price for the company. Finally, Susquehanna decreased their price target on Landstar System from $150.00 to $130.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating and twelve have given a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $166.73.
View Our Latest Analysis on Landstar System
About Landstar System
(
Free Report)
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.
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