Virtu Financial LLC Sells 2,761 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Virtu Financial LLC decreased its position in Landstar System, Inc. (NASDAQ:LSTR) by 58.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,974 shares of the transportation company’s stock after selling 2,761 shares during the quarter. Virtu Financial LLC’s holdings in Landstar System were worth $382,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LSTR. SRS Capital Advisors Inc. increased its stake in shares of Landstar System by 209.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 192 shares of the transportation company’s stock worth $37,000 after acquiring an additional 130 shares in the last quarter. Montag A & Associates Inc. bought a new position in shares of Landstar System during the fourth quarter valued at approximately $48,000. GAMMA Investing LLC bought a new position in shares of Landstar System during the fourth quarter valued at approximately $58,000. Larson Financial Group LLC lifted its holdings in shares of Landstar System by 77.8% during the fourth quarter. Larson Financial Group LLC now owns 496 shares of the transportation company’s stock valued at $96,000 after purchasing an additional 217 shares during the last quarter. Finally, Principal Securities Inc. bought a new stake in shares of Landstar System in the 4th quarter worth approximately $107,000. Institutional investors own 97.95% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on LSTR. Stifel Nicolaus reduced their price objective on Landstar System from $166.00 to $164.00 and set a “hold” rating for the company in a research report on Monday, April 29th. Raymond James initiated coverage on Landstar System in a report on Wednesday, May 15th. They set an “outperform” rating and a $205.00 price target for the company. Susquehanna lowered their price target on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. Finally, Benchmark reissued a “hold” rating on shares of Landstar System in a research report on Friday, April 26th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $183.00.

Landstar System Stock Up 0.3 %

Shares of Landstar System stock opened at $180.98 on Thursday. Landstar System, Inc. has a twelve month low of $161.13 and a twelve month high of $208.62. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average is $178.98 and its 200 day moving average is $185.98. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 27.84 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Wednesday, April 24th. The transportation company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.04. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.12 billion. Landstar System had a net margin of 4.63% and a return on equity of 23.11%. Research analysts anticipate that Landstar System, Inc. will post 6.31 EPS for the current year.

Landstar System Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Wednesday, May 8th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Tuesday, May 7th. Landstar System’s dividend payout ratio is 20.31%.

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.