Natixis Advisors LLC Lowers Stake in Landstar System, Inc. (NASDAQ:LSTR)

Key Points

• Natixis Advisors LLC reduced its holdings in Landstar System by 9.1%, now owning approximately 0.33% of the company valued at $17.08 million.
• Analysts have given Landstar System a consensus rating of "Hold" with a price target averaging $145.17, while several firms have adjusted their price targets in recent months.
• Landstar System reported $1.20 earnings per share for the last quarter, exceeding estimates, but its revenue decreased by 1.1% year-over-year.

Natixis Advisors LLC lowered its position in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 9.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,702 shares of the transportation company's stock after selling 11,390 shares during the period. Natixis Advisors LLC owned about 0.33% of Landstar System worth $17,078,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of LSTR. Alpine Bank Wealth Management purchased a new stake in Landstar System in the 1st quarter worth approximately $25,000. Colonial Trust Co SC lifted its position in shares of Landstar System by 61.7% during the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company's stock worth $32,000 after purchasing an additional 71 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in 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. First Horizon Advisors Inc. increased its stake in Landstar System by 35.3% in the first quarter. First Horizon Advisors Inc. now owns 322 shares of the transportation company's stock valued at $48,000 after purchasing an additional 84 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Landstar System by 58.5% during the first quarter. Allworth Financial LP now owns 344 shares of the transportation company's stock worth $48,000 after acquiring an additional 127 shares during the period. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LSTR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Landstar System from $139.00 to $138.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 8th. Stifel Nicolaus dropped their target price on shares of Landstar System from $140.00 to $131.00 and set a "hold" rating for the company in a report on Thursday, July 31st. Robert W. Baird assumed coverage on shares of Landstar System in a research note on Tuesday, July 1st. They set an "outperform" rating and a $166.00 target price on the stock. UBS Group dropped their target price on shares of Landstar System from $154.00 to $149.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 30th. Finally, Susquehanna set a $123.00 target price on shares of Landstar System and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $145.17.

Landstar System Price Performance

LSTR traded down $3.11 on Thursday, hitting $128.68. 339,104 shares of the stock were exchanged, compared to its average volume of 372,844. Landstar System, Inc. has a 12 month low of $126.70 and a 12 month high of $196.86. The business has a 50-day moving average of $138.84 and a two-hundred day moving average of $145.86. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 26.98 and a beta of 0.86.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.04. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. Landstar System had a net margin of 3.51% and a return on equity of 17.49%. Landstar System's quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.48 EPS. Sell-side analysts forecast that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Tuesday, August 19th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, August 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. Landstar System's dividend payout ratio (DPR) is presently 33.54%.

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.