Copeland Capital Management LLC Decreases Position in Landstar System, Inc. (NASDAQ:LSTR)

Copeland Capital Management LLC lessened its stake in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 3.3% in the 1st quarter, according to its most recent filing with the 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 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LSTR. Alpine Bank Wealth Management acquired a new position in shares of Landstar System in the first quarter worth $25,000. Golden State Wealth Management LLC grew its stake in Landstar System by 106.2% during the 1st quarter. Golden State Wealth Management LLC now owns 299 shares of the transportation company's stock worth $45,000 after purchasing an additional 154 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Landstar System during the 1st quarter worth about $816,000. Roberts Wealth Advisors LLC raised its position in Landstar System by 2.9% in the 1st quarter. Roberts Wealth Advisors LLC now owns 4,750 shares of the transportation company's stock valued at $713,000 after purchasing an additional 134 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of Landstar System by 12.6% during the first quarter. Blue Trust Inc. now owns 1,108 shares of the transportation company's stock worth $166,000 after buying an additional 124 shares in the last quarter. Institutional investors and hedge funds own 97.95% of the company's stock.

Landstar System Trading Up 4.5%

NASDAQ:LSTR traded up $6.24 during mid-day trading on Tuesday, reaching $145.26. The company's stock had a trading volume of 360,290 shares, compared to its average volume of 302,832. 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 stock has a market cap of $5.08 billion, a P/E ratio of 28.76 and a beta of 0.89. The company's fifty day simple moving average is $138.42 and its two-hundred day simple moving average is $151.97. Landstar System, Inc. has a twelve month low of $128.99 and a twelve month high of $196.86.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced 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 company had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.13 billion. Landstar System had a net margin of 3.72% and a return on equity of 18.23%. The firm's quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.32 earnings per share. On average, equities analysts predict that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Thursday, June 5th were paid a dividend of $0.40 per share. This is an increase from Landstar System's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.10%. The ex-dividend date was Thursday, June 5th. Landstar System's payout ratio is currently 31.68%.

Analyst Ratings Changes

LSTR has been the topic of a number of recent analyst reports. Truist Financial dropped their price objective on Landstar System from $150.00 to $135.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Susquehanna reissued a "neutral" rating and set a $125.00 price objective (up previously from $120.00) on shares of Landstar System in a report on Tuesday, June 24th. JPMorgan Chase & Co. lowered their target price on shares of Landstar System from $177.00 to $147.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Stifel Nicolaus dropped their target price on shares of Landstar System from $147.00 to $140.00 and set a "hold" rating on the stock in a research report on Wednesday, May 14th. Finally, Wall Street Zen upgraded Landstar System from a "sell" rating to a "hold" rating in a research note on Friday. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $151.50.

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.