Duality Advisers LP Decreases Stock Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Duality Advisers LP lowered its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 86.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,733 shares of the transportation company’s stock after selling 11,061 shares during the quarter. Duality Advisers LP’s holdings in Landstar System were worth $336,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mariner LLC increased its position in shares of Landstar System by 0.9% during the 3rd quarter. Mariner LLC now owns 9,448 shares of the transportation company’s stock valued at $1,672,000 after purchasing an additional 87 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of Landstar System by 4.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 277,741 shares of the transportation company’s stock valued at $53,784,000 after acquiring an additional 11,370 shares during the period. Royal Bank of Canada grew its stake in shares of Landstar System by 6.3% during the 3rd quarter. Royal Bank of Canada now owns 335,747 shares of the transportation company’s stock valued at $59,407,000 after acquiring an additional 19,920 shares during the period. Qube Research & Technologies Ltd grew its stake in shares of Landstar System by 63.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 205,239 shares of the transportation company’s stock valued at $36,315,000 after acquiring an additional 79,536 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Landstar System during the 3rd quarter valued at approximately $630,000. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Insider Activity

In related news, VP Michael K. Kneller sold 12,219 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the sale, the vice president now owns 61,127 shares in the company, valued at approximately $11,632,468.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LSTR. UBS Group boosted their price objective on Landstar System from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Stifel Nicolaus cut their price objective on Landstar System from $171.00 to $166.00 and set a “hold” rating for the company in a research note on Friday, February 2nd. Wolfe Research upgraded Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 price objective for the company in a research note on Wednesday, January 10th. Benchmark reiterated a “hold” rating on shares of Landstar System in a research note on Friday. Finally, Susquehanna dropped their price target on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Landstar System presently has an average rating of “Hold” and a consensus target price of $184.09.

Landstar System Stock Down 0.1 %

NASDAQ LSTR opened at $177.26 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.00 and a current ratio of 2.22. The company has a market capitalization of $6.34 billion, a P/E ratio of 27.27, a P/E/G ratio of 4.68 and a beta of 0.83. Landstar System, Inc. has a one year low of $161.13 and a one year high of $208.62. The stock has a 50 day moving average price of $184.33 and a 200-day moving average price of $183.48.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Wednesday, April 24th. The transportation company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.04. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.12 billion. Landstar System had a return on equity of 23.11% and a net margin of 4.63%. As a group, equities analysts predict that Landstar System, Inc. will post 6.71 EPS for the current fiscal year.

Landstar System Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Wednesday, May 8th will be given a dividend of $0.33 per share. The ex-dividend date is Tuesday, May 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.74%. Landstar System’s dividend payout ratio is currently 20.31%.

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.