Retirement Systems of Alabama Sells 106 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Retirement Systems of Alabama lowered its position in Landstar System, Inc. (NASDAQ:LSTR) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,960 shares of the transportation company’s stock after selling 106 shares during the period. Retirement Systems of Alabama owned 0.12% of Landstar System worth $7,383,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp boosted its position in Landstar System by 1.4% in the 3rd quarter. State Street Corp now owns 1,117,857 shares of the transportation company’s stock valued at $211,130,000 after buying an additional 15,328 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Landstar System by 5.1% during the third quarter. Geode Capital Management LLC now owns 813,546 shares of the transportation company’s stock valued at $153,685,000 after acquiring an additional 39,223 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in Landstar System by 10.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 429,928 shares of the transportation company’s stock valued at $81,201,000 after acquiring an additional 41,758 shares during the last quarter. Copeland Capital Management LLC increased its position in Landstar System by 0.9% in the third quarter. Copeland Capital Management LLC now owns 388,142 shares of the transportation company’s stock worth $73,308,000 after purchasing an additional 3,630 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Landstar System by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 362,652 shares of the transportation company’s stock worth $68,494,000 after purchasing an additional 948 shares during the last quarter. 97.95% of the stock is owned by institutional investors and hedge funds.

Landstar System Stock Down 1.1 %

Shares of NASDAQ:LSTR opened at $159.41 on Monday. The firm has a fifty day moving average price of $174.63 and a two-hundred day moving average price of $181.16. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 28.88 and a beta of 0.83. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. Landstar System, Inc. has a one year low of $158.78 and a one year high of $196.86.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. Analysts anticipate that Landstar System, Inc. will post 6.2 EPS for the current fiscal year.

Landstar System Dividend Announcement

The company also recently disclosed 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. This represents a $1.44 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Tuesday, February 18th. Landstar System’s dividend payout ratio (DPR) is 26.09%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LSTR. Evercore ISI reduced their price objective on shares of Landstar System from $165.00 to $160.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 30th. Susquehanna reduced their price target on Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Raymond James downgraded Landstar System from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. UBS Group raised their target price on Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Stifel Nicolaus upped their price target on Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating and eleven have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $170.40.

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.