Trexquant Investment LP Sells 5,085 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Trexquant Investment LP cut its stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 23.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,709 shares of the transportation company's stock after selling 5,085 shares during the period. Trexquant Investment LP's holdings in Landstar System were worth $2,872,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. lifted its holdings in Landstar System by 0.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,621,511 shares of the transportation company's stock valued at $278,673,000 after acquiring an additional 11,146 shares during the period. State Street Corp increased its position in shares of Landstar System by 1.4% during the 3rd quarter. State Street Corp now owns 1,117,857 shares of the transportation company's stock valued at $211,130,000 after purchasing an additional 15,328 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Landstar System by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 817,938 shares of the transportation company's stock worth $140,602,000 after purchasing an additional 4,392 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Landstar System by 4.3% in the fourth quarter. Bank of New York Mellon Corp now owns 389,019 shares of the transportation company's stock worth $66,857,000 after buying an additional 15,986 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Landstar System during the fourth quarter valued at approximately $63,816,000. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Landstar System Price Performance

Shares of LSTR stock traded up $1.16 during mid-day trading on Friday, hitting $140.03. The company had a trading volume of 468,165 shares, compared to its average volume of 281,737. 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 stock's 50 day moving average price is $151.93 and its 200-day moving average price is $170.18. Landstar System, Inc. has a 52-week low of $128.99 and a 52-week high of $196.86. The company has a market capitalization of $4.89 billion, a P/E ratio of 25.37 and a beta of 0.88.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. Equities research analysts forecast that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Tuesday, February 18th. Landstar System's dividend payout ratio is presently 26.09%.

Analyst Ratings Changes

Several research analysts have weighed in on LSTR shares. Benchmark reiterated a "hold" rating on shares of Landstar System in a research report on Thursday, April 3rd. Jefferies Financial Group lowered their target price on Landstar System from $170.00 to $150.00 and set a "hold" rating on the stock in a research report on Friday. Susquehanna reduced their price target on Landstar System from $130.00 to $120.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Stifel Nicolaus lifted their price objective on Landstar System from $164.00 to $169.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Landstar System from $177.00 to $147.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $158.75.

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.