Sei Investments Co. Trims Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

Sei Investments Co. lowered its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,248 shares of the transportation company's stock after selling 4,539 shares during the quarter. Sei Investments Co. owned 0.18% of Landstar System worth $11,214,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Roberts Wealth Advisors LLC raised its stake in shares of Landstar System by 1.3% during the 4th quarter. Roberts Wealth Advisors LLC now owns 4,616 shares of the transportation company's stock worth $818,000 after acquiring an additional 60 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in Landstar System by 1.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 8,865 shares of the transportation company's stock valued at $1,524,000 after buying an additional 114 shares during the last quarter. Voya Financial Advisors Inc. increased its holdings in Landstar System by 10.6% in 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 during the period. Golden State Wealth Management LLC acquired a new stake in Landstar System during the 4th quarter valued at approximately $25,000. Finally, HM Payson & Co. purchased a new position in shares of Landstar System during the fourth quarter worth $26,000. 97.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LSTR has been the subject of several analyst reports. Benchmark reissued a "hold" rating on shares of Landstar System in a report on Thursday. TD Cowen lowered their price objective on Landstar System from $161.00 to $145.00 and set a "hold" rating on the stock in a research report on Thursday. Truist Financial decreased their target price on shares of Landstar System from $160.00 to $150.00 and set a "hold" rating for the company in a research note on Thursday. Stifel Nicolaus raised their price objective on Landstar System from $164.00 to $169.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their target price on Landstar System from $177.00 to $147.00 and set a "neutral" rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company. According to MarketBeat.com, Landstar System currently has a consensus rating of "Hold" and a consensus price target of $160.45.

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Landstar System Stock Performance

Shares of NASDAQ:LSTR traded down $13.30 on Thursday, reaching $138.63. The company's stock had a trading volume of 663,572 shares, compared to its average volume of 276,868. 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, Inc. has a 52-week low of $137.49 and a 52-week high of $196.86. The stock's 50-day moving average is $157.14 and its two-hundred day moving average is $172.75. The stock has a market capitalization of $4.90 billion, a P/E ratio of 25.11 and a beta of 0.82.

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 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%. As a group, sell-side analysts forecast that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a yield of 1.04%. Landstar System's payout ratio is 26.09%.

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.