Pacer Advisors Inc. Has $364,000 Stock Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Key Points

• Pacer Advisors Inc. significantly reduced its position in Landstar System, Inc. by 54.1% during the 1st quarter, now holding 2,423 shares valued at $364,000.
• Landstar System recently announced a dividend of $0.40 per share, with an ex-dividend date of August 19th, reflecting an annual yield of 1.2%.
• Research firms provided mixed ratings for Landstar System, with Target prices ranging from $132.00 to $166.00, and a consensus rating of "Hold."

Pacer Advisors Inc. decreased its position in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 54.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,423 shares of the transportation company's stock after selling 2,861 shares during the period. Pacer Advisors Inc.'s holdings in Landstar System were worth $364,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Landstar System by 16.1% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,764,603 shares of the transportation company's stock valued at $646,985,000 after buying an additional 521,695 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Landstar System by 2.1% in the first quarter. Victory Capital Management Inc. now owns 1,654,910 shares of the transportation company's stock valued at $248,567,000 after buying an additional 33,399 shares in the last quarter. Geode Capital Management LLC grew its position in 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 purchasing an additional 4,392 shares in the last quarter. Northern Trust Corp grew its position in Landstar System by 15.6% during the 4th quarter. Northern Trust Corp now owns 672,779 shares of the transportation company's stock worth $115,624,000 after purchasing an additional 90,672 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Landstar System by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 617,835 shares of the transportation company's stock worth $106,184,000 after purchasing an additional 9,190 shares in the last quarter. Institutional investors own 97.95% of the company's stock.

Landstar System Stock Performance

Shares of LSTR traded up $0.96 during trading hours on Wednesday, reaching $131.49. 111,468 shares of the company traded hands, compared to its average volume of 373,116. The stock's fifty day moving average is $138.94 and its 200 day moving average is $145.95. The stock has a market cap of $4.56 billion, a P/E ratio of 27.55 and a beta of 0.86. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.00 and a current ratio of 2.00. Landstar System, Inc. has a 1-year low of $126.70 and a 1-year high of $196.86.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its quarterly earnings data 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%. The firm's revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.48 earnings per share. Equities research analysts anticipate that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Tuesday, August 19th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, August 19th. Landstar System's dividend payout ratio is 33.54%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Susquehanna set a $123.00 price objective on shares of Landstar System and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Truist Financial lowered their price objective on shares of Landstar System from $150.00 to $135.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Barclays started coverage on shares of Landstar System in a report on Monday, June 9th. They set an "equal weight" rating and a $145.00 price target on the stock. Evercore ISI lowered their price target on shares of Landstar System from $135.00 to $132.00 and set an "in-line" rating on the stock in a report on Wednesday, July 30th. Finally, Benchmark restated a "hold" rating on shares of Landstar System in a report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $145.17.

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.