Captrust Financial Advisors Sells 6,466 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Captrust Financial Advisors lowered its stake in Landstar System, Inc. (NASDAQ:LSTR) by 46.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,427 shares of the transportation company’s stock after selling 6,466 shares during the quarter. Captrust Financial Advisors’ holdings in Landstar System were worth $1,276,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Landstar System by 16.1% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,764,603 shares of the transportation company’s stock valued at $646,985,000 after acquiring an additional 521,695 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Landstar System during the fourth quarter valued at approximately $63,816,000. Norges Bank bought a new position in shares of Landstar System during the fourth quarter valued at approximately $54,088,000. Corient Private Wealth LLC raised its holdings in shares of Landstar System by 1,207.3% during the fourth quarter. Corient Private Wealth LLC now owns 293,899 shares of the transportation company’s stock valued at $50,509,000 after acquiring an additional 271,417 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its holdings in shares of Landstar System by 116.4% during the fourth quarter. Lord Abbett & CO. LLC now owns 274,671 shares of the transportation company’s stock valued at $47,205,000 after acquiring an additional 147,756 shares in the last quarter. Institutional investors own 97.95% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Stifel Nicolaus reduced their price target on Landstar System from $147.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday. Susquehanna reduced their price target on Landstar System from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Jefferies Financial Group reduced their price target on Landstar System from $170.00 to $150.00 and set a “hold” rating on the stock in a research note on Friday, April 11th. Truist Financial reduced their price target on Landstar System from $150.00 to $135.00 and set a “hold” rating on the stock in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. reduced their price target on Landstar System from $177.00 to $147.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. One research analyst has rated the stock with a sell rating and thirteen have given a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $153.08.

Landstar System Price Performance

LSTR opened at $142.45 on Thursday. Landstar System, Inc. has a 12-month low of $128.99 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 business’s fifty day simple moving average is $142.07 and its 200-day simple moving average is $162.84. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 25.81 and a beta of 0.92.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results on Tuesday, May 13th. The transportation company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.07). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.13 billion. On average, equities research analysts anticipate that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Thursday, June 5th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.12%. This is a boost from Landstar System’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, June 5th. Landstar System’s dividend payout ratio (DPR) is presently 26.09%.

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.