Landstar System, Inc. (NASDAQ:LSTR) Shares Sold by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. cut its stake in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 8.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,117 shares of the transportation company's stock after selling 5,335 shares during the period. GHP Investment Advisors Inc. owned approximately 0.16% of Landstar System worth $8,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC lifted its position in Landstar System by 16.1% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,764,603 shares of the transportation company's stock worth $646,985,000 after buying an additional 521,695 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Landstar System by 0.7% during the 4th quarter. Victory Capital Management Inc. now owns 1,621,511 shares of the transportation company's stock worth $278,673,000 after acquiring an additional 11,146 shares during the period. Geode Capital Management LLC raised its holdings in shares of Landstar System by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 817,938 shares of the transportation company's stock worth $140,602,000 after acquiring an additional 4,392 shares during the period. Northern Trust Corp boosted its position in shares of Landstar System by 15.6% during the 4th quarter. Northern Trust Corp now owns 672,779 shares of the transportation company's stock valued at $115,624,000 after acquiring an additional 90,672 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Landstar System by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 617,835 shares of the transportation company's stock valued at $106,184,000 after purchasing an additional 9,190 shares during the period. Institutional investors and hedge funds own 97.95% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Susquehanna reaffirmed a "neutral" rating and set a $125.00 target price (up from $120.00) on shares of Landstar System in a research note on Tuesday. TD Cowen reduced their price target on shares of Landstar System from $161.00 to $145.00 and set a "hold" rating on the stock in a research report on Thursday, April 3rd. Stifel Nicolaus lowered their price objective on Landstar System from $147.00 to $140.00 and set a "hold" rating for the company in a research report on Wednesday, May 14th. UBS Group set a $154.00 target price on Landstar System in a research note on Wednesday, May 14th. Finally, Jefferies Financial Group decreased their price target on Landstar System from $170.00 to $150.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Two analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $150.38.

Landstar System Stock Performance

NASDAQ LSTR traded up $2.05 on Friday, reaching $139.44. The stock had a trading volume of 540,277 shares, compared to its average volume of 305,004. The business's 50-day moving average price is $138.35 and its 200 day moving average price is $152.79. Landstar System, Inc. has a 12-month low of $128.99 and a 12-month high of $196.86. The stock has a market cap of $4.87 billion, a P/E ratio of 27.61 and a beta of 0.88. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.03 and a current ratio of 2.03.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued 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 firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.13 billion. Landstar System had a return on equity of 18.23% and a net margin of 3.72%. The company's revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.32 earnings per share. As a group, equities analysts expect that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Increases Dividend

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

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.