Free Trial

Vest Financial LLC Sells 9,945 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Landstar System logo with Transportation background

Vest Financial LLC lessened its stake in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 70.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,143 shares of the transportation company's stock after selling 9,945 shares during the quarter. Vest Financial LLC's holdings in Landstar System were worth $622,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Golden State Wealth Management LLC acquired a new position in Landstar System in the 4th quarter worth $25,000. HM Payson & Co. bought a new stake in shares of Landstar System in the fourth quarter valued at about $26,000. Colonial Trust Co SC lifted its holdings in shares of 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 purchasing an additional 71 shares in the last quarter. BOKF NA boosted its position in shares of Landstar System by 56.1% during the fourth quarter. BOKF NA now owns 348 shares of the transportation company's stock worth $58,000 after buying an additional 125 shares during the period. Finally, Transce3nd LLC bought a new position in shares of Landstar System during the fourth quarter worth about $60,000. Institutional investors own 97.95% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Stifel Nicolaus cut their target price on Landstar System from $147.00 to $140.00 and set a "hold" rating on the stock in a research note on Wednesday, May 14th. Benchmark reiterated a "hold" rating on shares of Landstar System in a report on Monday, April 14th. 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. Truist Financial decreased their target price on shares of Landstar System from $150.00 to $135.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Finally, Evercore ISI lowered 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. Two analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to data from MarketBeat, Landstar System currently has a consensus rating of "Hold" and a consensus target price of $150.00.

Check Out Our Latest Stock Report on Landstar System

Landstar System Stock Performance

NASDAQ LSTR traded up $0.80 during trading on Thursday, reaching $140.34. 258,603 shares of the company's stock were exchanged, compared to its average volume of 301,024. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. The business has a 50 day moving average price of $138.13 and a 200-day moving average price of $156.72. The stock has a market capitalization of $4.90 billion, a P/E ratio of 25.42 and a beta of 0.89. Landstar System, Inc. has a fifty-two week low of $128.99 and a fifty-two week high of $196.86.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its earnings results on Tuesday, May 13th. The transportation company reported $0.85 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.07). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the firm posted $1.32 earnings per share. The firm's revenue was down 1.6% compared to the same quarter last year. Sell-side analysts forecast that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Thursday, June 5th will be issued a $0.40 dividend. This is a boost from Landstar System's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.14%. The ex-dividend date is Thursday, June 5th. Landstar System's dividend payout ratio is currently 31.68%.

About Landstar System

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Landstar System (NASDAQ:LSTR)

Should You Invest $1,000 in Landstar System Right Now?

Before you consider Landstar System, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Landstar System wasn't on the list.

While Landstar System currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 AI Stocks to Invest in Today: Capitalizing on AI and Tech Trends in 2025 Cover

Discover the top 7 AI stocks to invest in right now. This exclusive report highlights the companies leading the AI revolution and shaping the future of technology in 2025.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Made in America Stocks Under $20 You Need to See!
3 Cheap Growth Stocks Set to Explode This Summer
The Next NVIDIA? Quantum Computing Stocks Set for Explosive Growth

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines