Captrust Financial Advisors Sells 6,466 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Captrust Financial Advisors lowered its stake in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 46.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,427 shares of the transportation company's stock after selling 6,466 shares during the quarter. Captrust Financial Advisors' holdings in Landstar System were worth $1,276,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in Landstar System during the fourth quarter worth approximately $25,000. HM Payson & Co. acquired a new position in Landstar System during the fourth quarter worth approximately $26,000. Trust Co. of Vermont acquired a new position in Landstar System during the fourth quarter worth approximately $34,000. Transce3nd LLC acquired a new position in Landstar System during the fourth quarter worth approximately $60,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Landstar System by 225.5% during the fourth quarter. Jones Financial Companies Lllp now owns 895 shares of the transportation company's stock worth $154,000 after acquiring an additional 620 shares during the period. Institutional investors and hedge funds own 97.95% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Susquehanna reduced their price objective on Landstar System from $130.00 to $120.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Stifel Nicolaus cut their price target on Landstar System from $147.00 to $140.00 and set a "hold" rating for the company in a research note on Wednesday, May 14th. Jefferies Financial Group cut their price target on Landstar System from $170.00 to $150.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Evercore ISI cut their price target on Landstar System from $137.00 to $136.00 and set an "in-line" rating for the company in a research note on Wednesday, May 14th. Finally, JPMorgan Chase & Co. cut their target price on Landstar System from $177.00 to $147.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company's stock. According to data from MarketBeat, Landstar System has an average rating of "Hold" and a consensus price target of $150.42.

Landstar System Trading Up 0.4%

Shares of LSTR stock traded up $0.53 during mid-day trading on Tuesday, hitting $144.74. The company's stock had a trading volume of 23,898 shares, compared to its average volume of 291,883. Landstar System, Inc. has a 52 week low of $128.99 and a 52 week high of $196.86. The company has a market cap of $5.06 billion, a PE ratio of 26.20 and a beta of 0.92. The company's fifty day simple moving average is $141.09 and its 200-day simple moving average is $161.77. 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 - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The transportation company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.07). The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.13 billion. Landstar System had a net margin of 4.07% and a return on equity of 19.56%. Landstar System's revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.32 EPS. As a group, equities research analysts expect that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Thursday, June 5th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, June 5th. This is an increase from Landstar System's previous quarterly dividend of $0.36. Landstar System's payout ratio is presently 31.68%.

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.