Landstar System, Inc. (NASDAQ:LSTR) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 3.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 13,101 shares of the transportation company’s stock after selling 483 shares during the period. Yousif Capital Management LLC’s holdings in Landstar System were worth $2,252,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its position in shares of Landstar System by 3,775.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 334,853 shares of the transportation company’s stock valued at $63,243,000 after acquiring an additional 326,212 shares during the period. Boston Trust Walden Corp grew its holdings in Landstar System by 21.1% in the fourth quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company’s stock valued at $47,695,000 after purchasing an additional 48,312 shares during the period. BNP Paribas Financial Markets grew its holdings in Landstar System by 509.3% in the third quarter. BNP Paribas Financial Markets now owns 55,048 shares of the transportation company’s stock valued at $10,397,000 after purchasing an additional 46,014 shares during the period. Janus Henderson Group PLC increased its position in shares of Landstar System by 24.0% in the third quarter. Janus Henderson Group PLC now owns 232,924 shares of the transportation company’s stock valued at $43,992,000 after buying an additional 45,147 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Landstar System by 10.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 429,928 shares of the transportation company’s stock valued at $81,201,000 after buying an additional 41,758 shares in the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Analyst Upgrades and Downgrades

LSTR has been the subject of several recent analyst reports. Susquehanna cut their price target on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Stephens reduced their price target 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. JPMorgan Chase & Co. lowered their price objective on Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Benchmark reissued a “hold” rating on shares of Landstar System in a report on Friday, January 31st. Finally, UBS Group raised their target price on Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $170.40.

Landstar System Stock Performance

Shares of Landstar System stock opened at $160.05 on Tuesday. Landstar System, Inc. has a one year low of $158.78 and a one year high of $196.86. The company has a market cap of $5.65 billion, a price-to-earnings ratio of 28.99 and a beta of 0.83. The business’s 50 day moving average price is $174.63 and its 200 day moving average price is $181.14. 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 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 19.56%. On average, research analysts predict that Landstar System, Inc. will post 6.2 EPS for the current year.

Landstar System Announces Dividend

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 issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.90%. 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.