Landstar System, Inc. (NASDAQ:LSTR) Shares Sold by Royce & Associates LP

Royce & Associates LP decreased its holdings in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 23.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 262,962 shares of the transportation company's stock after selling 78,495 shares during the quarter. Royce & Associates LP owned about 0.75% of Landstar System worth $39,497,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC raised its position in 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 worth $646,985,000 after acquiring an additional 521,695 shares in the last quarter. Victory Capital Management Inc. raised its position in 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 worth $248,567,000 after acquiring an additional 33,399 shares in the last quarter. Geode Capital Management LLC raised its position in Landstar System by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 817,938 shares of the transportation company's stock worth $140,602,000 after acquiring an additional 4,392 shares in the last quarter. Northern Trust Corp raised its position in Landstar System by 15.6% in the fourth quarter. Northern Trust Corp now owns 672,779 shares of the transportation company's stock worth $115,624,000 after acquiring an additional 90,672 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Landstar System by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 617,835 shares of the transportation company's stock worth $106,184,000 after acquiring an additional 9,190 shares in the last quarter. Hedge funds and other institutional investors own 97.95% of the company's stock.

Landstar System Price Performance

Shares of LSTR traded down $1.43 during trading hours on Monday, reaching $141.21. 445,251 shares of the company traded hands, compared to its average volume of 368,936. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $4.94 billion, a PE ratio of 27.96 and a beta of 0.88. Landstar System, Inc. has a fifty-two week low of $128.99 and a fifty-two week high of $196.86. The stock has a fifty day simple moving average of $139.83 and a 200 day simple moving average of $147.69.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The transportation company reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.07). The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.13 billion. Landstar System had a net margin of 3.72% and a return on equity of 18.23%. The firm's revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.32 EPS. As a group, research analysts predict that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Thursday, June 5th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, June 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. This is an increase from Landstar System's previous quarterly dividend of $0.36. Landstar System's dividend payout ratio is currently 31.68%.

Wall Street Analyst Weigh In

Several research firms have issued reports on LSTR. Evercore ISI cut their price objective on Landstar System from $137.00 to $136.00 and set an "in-line" rating for the company in a research report on Wednesday, May 14th. Jefferies Financial Group dropped their price target on Landstar System from $170.00 to $150.00 and set a "hold" rating for the company in a research report on Friday, April 11th. UBS Group set a $154.00 price target on Landstar System in a research report on Wednesday, May 14th. Wall Street Zen cut Landstar System from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. Finally, Stifel Nicolaus dropped their price target on Landstar System from $147.00 to $140.00 and set a "hold" rating for the company in a research report on Wednesday, May 14th. Two equities research 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. Based on data from MarketBeat.com, Landstar System currently has a consensus rating of "Hold" and a consensus price target of $151.31.

Landstar System Company 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.