Rhumbline Advisers Has $16.08 Million Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Rhumbline Advisers lessened its position in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 7.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,033 shares of the transportation company's stock after selling 8,351 shares during the quarter. Rhumbline Advisers owned approximately 0.31% of Landstar System worth $16,076,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in Landstar System in the 4th quarter valued at $25,000. HM Payson & Co. bought a new stake in shares of Landstar System during the fourth quarter worth $26,000. Colonial Trust Co SC increased its holdings in 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 during the last quarter. BOKF NA increased its holdings in Landstar System by 56.1% in the fourth quarter. BOKF NA now owns 348 shares of the transportation company's stock valued at $58,000 after purchasing an additional 125 shares during the last quarter. Finally, Transce3nd LLC bought a new stake in Landstar System in the fourth quarter valued at about $60,000. Institutional investors and hedge funds own 97.95% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Wall Street Zen lowered Landstar System from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Jefferies Financial Group decreased their price objective on Landstar System from $170.00 to $150.00 and set a "hold" rating for the company in a report on Friday, April 11th. Susquehanna reduced their price target on Landstar System from $130.00 to $120.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Truist Financial reduced their price target on 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, UBS Group set a $154.00 price objective on Landstar System in a research report on Wednesday, May 14th. Two equities research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $150.42.

Landstar System Stock Performance

NASDAQ:LSTR opened at $140.09 on Friday. The stock has a market cap of $4.90 billion, a P/E ratio of 25.38 and a beta of 0.88. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. The stock has a 50 day simple moving average of $138.21 and a 200 day simple moving average of $157.37. Landstar System, Inc. has a 1-year low of $128.99 and a 1-year high of $196.86.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The transportation company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.07). The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.13 billion. Landstar System had a net margin of 4.07% and a return on equity of 19.56%. Landstar System's revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.32 earnings per share. Research analysts anticipate that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Thursday, June 5th will be paid a $0.40 dividend. This is a positive change from Landstar System's previous quarterly dividend of $0.36. The ex-dividend date is Thursday, June 5th. This represents a $1.60 annualized dividend and a dividend yield of 1.14%. Landstar System's dividend payout ratio (DPR) is presently 31.68%.

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.

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