Pacer Advisors Inc. Sells 1,900 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Pacer Advisors Inc. trimmed its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 26.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,284 shares of the transportation company’s stock after selling 1,900 shares during the quarter. Pacer Advisors Inc.’s holdings in Landstar System were worth $908,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Trust Co. of Vermont acquired a new stake in Landstar System in the fourth quarter worth $34,000. Whittier Trust Co. of Nevada Inc. grew its stake in Landstar System by 431.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock valued at $83,000 after acquiring an additional 358 shares during the period. GAMMA Investing LLC increased its holdings in shares of Landstar System by 14.1% during the third quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock valued at $107,000 after acquiring an additional 70 shares in the last quarter. TD Private Client Wealth LLC raised its position in shares of Landstar System by 27.9% during the third quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company’s stock worth $137,000 after purchasing an additional 158 shares during the period. Finally, Huntington National Bank grew its position in Landstar System by 11.5% in the 3rd quarter. Huntington National Bank now owns 924 shares of the transportation company’s stock valued at $175,000 after purchasing an additional 95 shares during the period. Institutional investors and hedge funds own 97.95% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on LSTR. Stephens decreased their target price on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. UBS Group increased their price objective on Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Stifel Nicolaus lifted their target price on Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. TD Cowen lowered their price target on Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Finally, Benchmark restated a “hold” rating on shares of Landstar System in a research note on Friday. One analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Landstar System has a consensus rating of “Hold” and an average price target of $170.40.

Insider Buying and Selling

In related news, CFO James P. Todd sold 1,000 shares of Landstar System stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total value of $184,320.00. Following the completion of the transaction, the chief financial officer now directly owns 14,083 shares in the company, valued at approximately $2,595,778.56. The trade was a 6.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.75% of the stock is currently owned by insiders.

Landstar System Stock Performance

Shares of LSTR stock opened at $162.81 on Tuesday. Landstar System, Inc. has a 52 week low of $159.87 and a 52 week high of $196.86. The firm’s 50-day simple moving average is $177.10 and its two-hundred day simple moving average is $181.94. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 29.49 and a beta of 0.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results 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%. As a group, equities analysts forecast that Landstar System, Inc. will post 6.42 earnings per share for the current year.

Landstar System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.36 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.44 annualized dividend and a dividend yield of 0.88%. Landstar System’s payout ratio is 26.09%.

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.