Fifth Third Bancorp Has $192,000 Position in Landstar System, Inc. (NASDAQ:LSTR)

Fifth Third Bancorp cut its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 22.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,118 shares of the transportation company’s stock after selling 326 shares during the quarter. Fifth Third Bancorp’s holdings in Landstar System were worth $192,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LSTR. Curated Wealth Partners LLC raised its holdings in shares of Landstar System by 26.1% during the 4th quarter. Curated Wealth Partners LLC now owns 3,066 shares of the transportation company’s stock valued at $527,000 after purchasing an additional 635 shares in the last quarter. Inspire Investing LLC raised its holdings in Landstar System by 8.4% during the fourth quarter. Inspire Investing LLC now owns 7,549 shares of the transportation company’s stock valued at $1,297,000 after buying an additional 583 shares in the last quarter. Wesbanco Bank Inc. lifted its position in shares of Landstar System by 34.7% in the fourth quarter. Wesbanco Bank Inc. now owns 3,890 shares of the transportation company’s stock worth $669,000 after buying an additional 1,002 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Landstar System by 22.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,077 shares of the transportation company’s stock valued at $2,935,000 after acquiring an additional 3,150 shares during the last quarter. Finally, Genesis Private Wealth LLC bought a new position in shares of Landstar System in the 4th quarter valued at approximately $277,000. 97.95% of the stock is owned by institutional investors.

Insider Transactions at Landstar System

In other Landstar System news, CFO James P. Todd sold 1,000 shares of Landstar System stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $184.32, for a total transaction of $184,320.00. Following the completion of the transaction, the chief financial officer now directly owns 14,083 shares of the company’s stock, valued at approximately $2,595,778.56. This trade represents a 6.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. The Goldman Sachs Group lowered their price target on Landstar System from $165.00 to $158.00 and set a “sell” rating on the stock in a report on Wednesday, October 9th. Susquehanna dropped their target price on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus upped their price target on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Raymond James lowered Landstar System from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Finally, UBS Group increased their target price on Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $171.27.

Landstar System Stock Performance

LSTR opened at $164.66 on Friday. The stock has a market cap of $5.82 billion, a PE ratio of 29.83 and a beta of 0.83. Landstar System, Inc. has a 1 year low of $162.58 and a 1 year high of $197.16. The stock’s 50 day simple moving average is $177.10 and its 200-day simple moving average is $182.02. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.04.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.37%. Sell-side analysts forecast that Landstar System, Inc. will post 6.7 EPS for the current year.

Landstar System Announces Dividend

The business 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 $0.36 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.44 annualized dividend and a dividend yield of 0.87%. Landstar System’s dividend payout ratio is currently 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.