California Public Employees Retirement System Sells 2,368 Shares of Landstar System, Inc. (NASDAQ:LSTR)

California Public Employees Retirement System lowered its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,003 shares of the transportation company’s stock after selling 2,368 shares during the quarter. California Public Employees Retirement System owned approximately 0.20% of Landstar System worth $12,203,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in LSTR. Pictet Asset Management Holding SA boosted its stake in shares of Landstar System by 14.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,392 shares of the transportation company’s stock valued at $927,000 after purchasing an additional 665 shares during the last quarter. Norges Bank acquired a new position in Landstar System in the fourth quarter valued at approximately $54,088,000. Blair William & Co. IL boosted its stake in Landstar System by 66.6% in the fourth quarter. Blair William & Co. IL now owns 15,034 shares of the transportation company’s stock valued at $2,584,000 after acquiring an additional 6,012 shares during the last quarter. Caisse Des Depots ET Consignations bought a new position in shares of Landstar System in the 4th quarter worth $1,012,000. Finally, WINTON GROUP Ltd acquired a new position in shares of Landstar System during the 4th quarter worth about $324,000. Institutional investors and hedge funds own 97.95% of the company’s stock.

Landstar System Trading Down 1.4 %

NASDAQ LSTR opened at $136.64 on Friday. Landstar System, Inc. has a 12 month low of $132.41 and a 12 month high of $196.86. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. The stock has a 50 day moving average of $156.41 and a 200-day moving average of $172.34. The company has a market cap of $4.83 billion, a PE ratio of 24.75 and a beta of 0.82.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. On average, equities research analysts anticipate that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Tuesday, February 18th. Landstar System’s dividend payout ratio is presently 26.09%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LSTR shares. Susquehanna decreased their price target on shares of Landstar System from $150.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday, March 26th. TD Cowen lowered their target price on Landstar System from $161.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research note on Thursday. Truist Financial reduced their price target on shares of Landstar System from $160.00 to $150.00 and set a “hold” rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Landstar System from $177.00 to $147.00 and set a “neutral” rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Landstar System has an average rating of “Hold” and a consensus target price of $160.45.

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, such as third party logistics and less-than-truckload services.