Public Employees Retirement System of Ohio Sells 3,198 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Public Employees Retirement System of Ohio lowered its position in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,386 shares of the transportation company's stock after selling 3,198 shares during the quarter. Public Employees Retirement System of Ohio owned 0.10% of Landstar System worth $6,253,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Kolinsky Wealth Management LLC grew its holdings in Landstar System by 24.7% during the fourth quarter. Kolinsky Wealth Management LLC now owns 2,486 shares of the transportation company's stock valued at $427,000 after purchasing an additional 492 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Landstar System by 14.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 125,643 shares of the transportation company's stock valued at $21,593,000 after purchasing an additional 15,824 shares during the period. Squarepoint Ops LLC boosted its holdings in shares of Landstar System by 10.3% in the fourth quarter. Squarepoint Ops LLC now owns 21,890 shares of the transportation company's stock valued at $3,762,000 after buying an additional 2,038 shares during the period. Snowden Capital Advisors LLC boosted its holdings in shares of Landstar System by 5.0% in the fourth quarter. Snowden Capital Advisors LLC now owns 3,334 shares of the transportation company's stock valued at $573,000 after buying an additional 159 shares during the period. Finally, Man Group plc boosted its holdings in shares of Landstar System by 6.1% in the fourth quarter. Man Group plc now owns 42,948 shares of the transportation company's stock valued at $7,381,000 after buying an additional 2,463 shares during the period. Institutional investors and hedge funds own 97.95% of the company's stock.

Landstar System Stock Down 0.4%

Shares of LSTR stock traded down $0.59 during trading on Friday, reaching $137.32. The company's stock had a trading volume of 689,360 shares, compared to its average volume of 296,944. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. The business has a fifty day moving average price of $139.17 and a 200-day moving average price of $159.07. Landstar System, Inc. has a one year low of $128.99 and a one year high of $196.86. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 24.88 and a beta of 0.92.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its quarterly earnings results 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). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the company posted $1.32 earnings per share. The business's revenue was down 1.6% compared to the same quarter last year. Analysts anticipate that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Thursday, June 5th will be given a dividend of $0.40 per share. This is a positive change from Landstar System's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.17%. The ex-dividend date is Thursday, June 5th. Landstar System's dividend payout ratio is 31.68%.

Analyst Ratings Changes

Several research firms have recently weighed in on LSTR. Benchmark reiterated a "hold" rating on shares of Landstar System in a report on Monday, April 14th. Susquehanna reduced their price target on shares of Landstar System from $130.00 to $120.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Evercore ISI reduced their price target on shares of Landstar System from $137.00 to $136.00 and set an "in-line" rating for the company in a report on Wednesday, May 14th. Truist Financial reduced their price target on shares of Landstar System from $150.00 to $135.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Finally, UBS Group set a $154.00 price target on shares of Landstar System in a report on Wednesday, May 14th. Two equities research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $150.42.

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.