Landstar System, Inc. (NASDAQ:LSTR) Shares Sold by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina lowered its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,456 shares of the transportation company’s stock after selling 90 shares during the period. Treasurer of the State of North Carolina’s holdings in Landstar System were worth $2,656,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LSTR. Roberts Wealth Advisors LLC raised its position 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 purchasing an additional 60 shares during the last quarter. Huntington National Bank increased its position in Landstar System by 12.2% during the fourth quarter. Huntington National Bank now owns 1,037 shares of the transportation company’s stock worth $178,000 after buying an additional 113 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Landstar System by 1.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 8,865 shares of the transportation company’s stock worth $1,524,000 after acquiring an additional 114 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Landstar System by 6.9% in the fourth quarter. Bessemer Group Inc. now owns 2,213 shares of the transportation company’s stock valued at $380,000 after acquiring an additional 143 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Landstar System during the fourth quarter valued at $25,000. Institutional investors and hedge funds own 97.95% of the company’s stock.

Landstar System Trading Down 2.5 %

Shares of LSTR stock opened at $134.28 on Thursday. Landstar System, Inc. has a fifty-two week low of $128.99 and a fifty-two week high of $196.86. The firm’s 50 day moving average price is $150.54 and its two-hundred day moving average price is $169.30. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 24.33 and a beta of 0.88. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 EPS 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%. On average, analysts anticipate that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors 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 yield of 1.07%. The ex-dividend date was Tuesday, February 18th. Landstar System’s payout ratio is 26.09%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Susquehanna cut their target price on shares of Landstar System from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. JPMorgan Chase & Co. decreased their target price on shares of Landstar System from $177.00 to $147.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Benchmark reiterated a “hold” rating on shares of Landstar System in a report on Monday. Stifel Nicolaus decreased their price objective on Landstar System from $162.00 to $147.00 and set a “hold” rating on the stock in a report on Monday. Finally, Jefferies Financial Group lowered their price objective on Landstar System from $170.00 to $150.00 and set a “hold” rating for the company in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. Based on data from MarketBeat, Landstar System currently has a consensus rating of “Hold” and an average target price of $156.92.

About Landstar System

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.