Copeland Capital Management LLC Sells 12,860 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Copeland Capital Management LLC trimmed its stake in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 3.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 376,090 shares of the transportation company's stock after selling 12,860 shares during the period. Copeland Capital Management LLC owned about 1.08% of Landstar System worth $56,489,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Alpine Bank Wealth Management bought a new position in shares of Landstar System in the first quarter worth about $25,000. HM Payson & Co. acquired a new position in Landstar System during the fourth quarter valued at approximately $26,000. Colonial Trust Co SC lifted its stake in Landstar System by 61.7% in the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company's stock valued at $32,000 after buying an additional 71 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of Landstar System by 106.2% in the first quarter. Golden State Wealth Management LLC now owns 299 shares of the transportation company's stock valued at $45,000 after buying an additional 154 shares during the period. Finally, BOKF NA boosted its holdings in shares of Landstar System by 56.1% in the fourth quarter. BOKF NA now owns 348 shares of the transportation company's stock valued at $58,000 after buying an additional 125 shares during the period. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Landstar System Stock Performance

Shares of LSTR stock traded up $2.05 during trading hours on Friday, reaching $139.44. 540,277 shares of the company traded hands, compared to its average volume of 302,736. Landstar System, Inc. has a 12-month low of $128.99 and a 12-month high of $196.86. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.03 and a quick ratio of 2.03. The company has a market cap of $4.87 billion, a P/E ratio of 27.61 and a beta of 0.88. The firm has a 50-day moving average price of $138.35 and a 200 day moving average price of $152.30.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The transportation company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.07). The firm had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.13 billion. Landstar System had a return on equity of 18.23% and a net margin of 3.72%. The firm's revenue was down 1.6% on a year-over-year basis. During the same period last year, the company earned $1.32 earnings per share. As a group, sell-side analysts predict that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Thursday, June 5th were given a dividend of $0.40 per share. This is an increase from Landstar System's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.15%. Landstar System's dividend payout ratio is presently 31.68%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. TD Cowen reduced their target price on shares of Landstar System from $161.00 to $145.00 and set a "hold" rating for the company in a report on Thursday, April 3rd. Wall Street Zen raised shares of Landstar System from a "sell" rating to a "hold" rating in a research report on Friday. JPMorgan Chase & Co. decreased their price target on shares of Landstar System from $177.00 to $147.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Evercore ISI decreased their price target on shares of Landstar System from $137.00 to $136.00 and set an "in-line" rating on the stock in a research note on Wednesday, May 14th. Finally, UBS Group set a $154.00 target price on shares of Landstar System in a report on Wednesday, May 14th. One analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company's stock. According to MarketBeat, Landstar System presently has an average rating of "Hold" and an average target price of $150.38.

Landstar System 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.