Oregon Public Employees Retirement Fund trimmed its position in Landstar System, Inc. (NASDAQ:LSTR) by 1.2% during the fourth quarter, HoldingsChannel reports. The firm owned 16,387 shares of the transportation company’s stock after selling 201 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Landstar System were worth $1,568,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Intercontinental Wealth Advisors LLC acquired a new stake in Landstar System during the 4th quarter worth $50,000. Essex Savings Bank acquired a new stake in Landstar System during the 4th quarter worth $67,000. Penserra Capital Management LLC acquired a new stake in Landstar System during the 4th quarter worth $79,000. Quantamental Technologies LLC acquired a new stake in Landstar System during the 4th quarter worth $116,000. Finally, Synovus Financial Corp raised its stake in Landstar System by 115.5% during the 3rd quarter. Synovus Financial Corp now owns 1,110 shares of the transportation company’s stock worth $134,000 after acquiring an additional 595 shares in the last quarter. Institutional investors and hedge funds own 99.87% of the company’s stock.
Several equities research analysts recently commented on the stock. Morgan Stanley set a $96.00 price target on shares of Landstar System and gave the stock a “sell” rating in a research note on Monday, October 22nd. BidaskClub upgraded shares of Landstar System from a “strong sell” rating to a “sell” rating in a research note on Friday, December 21st. KeyCorp dropped their price objective on shares of Landstar System from $130.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, October 26th. Zacks Investment Research lowered shares of Landstar System from a “hold” rating to a “sell” rating in a research note on Friday, January 4th. Finally, Cleveland Research started coverage on shares of Landstar System in a research note on Friday, October 19th. They issued a “neutral” rating on the stock. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $114.64.
NASDAQ LSTR traded down $0.20 during trading on Monday, reaching $103.85. The company’s stock had a trading volume of 240,231 shares, compared to its average volume of 350,383. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.94 and a current ratio of 1.81. The firm has a market cap of $4.27 billion, a PE ratio of 16.80, a P/E/G ratio of 1.35 and a beta of 1.16. Landstar System, Inc. has a twelve month low of $90.23 and a twelve month high of $128.70.
Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Wednesday, January 30th. The transportation company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.10. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.21 billion. Landstar System had a net margin of 5.53% and a return on equity of 36.70%. Landstar System’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.51 earnings per share. Research analysts predict that Landstar System, Inc. will post 6.41 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Monday, February 18th will be paid a $0.165 dividend. The ex-dividend date is Thursday, February 14th. This represents a $0.66 dividend on an annualized basis and a yield of 0.64%. Landstar System’s dividend payout ratio is presently 10.68%.
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Landstar System Company 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, including third party logistics and less-than-truckload service providers.
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