Landstar System, Inc. (NASDAQ:LSTR) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lessened its stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 105,009 shares of the transportation company's stock after selling 5,716 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.29% of Landstar System worth $20,417,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Fulton Bank N.A. boosted its holdings in shares of Landstar System by 12.0% in the 4th quarter. Fulton Bank N.A. now owns 2,031 shares of the transportation company's stock valued at $393,000 after acquiring an additional 218 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Landstar System during the fourth quarter worth $637,000. Boston Trust Walden Corp raised its position in shares of Landstar System by 1.2% in the fourth quarter. Boston Trust Walden Corp now owns 235,854 shares of the transportation company's stock valued at $45,673,000 after buying an additional 2,722 shares during the last quarter. Compass Ion Advisors LLC acquired a new stake in shares of Landstar System in the fourth quarter valued at about $205,000. Finally, Trust Point Inc. acquired a new stake in shares of Landstar System in the fourth quarter valued at about $377,000. Hedge funds and other institutional investors own 97.95% of the company's stock.

Landstar System Stock Down 1.2 %

Shares of NASDAQ LSTR traded down $2.30 during midday trading on Monday, hitting $185.67. The company's stock had a trading volume of 232,667 shares, compared to its average volume of 268,535. The business's fifty day simple moving average is $189.34 and its two-hundred day simple moving average is $183.83. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.00 and a quick ratio of 2.00. Landstar System, Inc. has a 1 year low of $161.13 and a 1 year high of $208.62. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 25.26 and a beta of 0.83.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The transportation company reported $1.62 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.01). The business had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.25 billion. Landstar System had a net margin of 4.99% and a return on equity of 26.73%. On average, equities analysts predict that Landstar System, Inc. will post 6.78 EPS for the current year.

Landstar System Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Monday, February 12th were issued a $0.33 dividend. The ex-dividend date was Friday, February 9th. This represents a $1.32 annualized dividend and a yield of 0.71%. Landstar System's dividend payout ratio (DPR) is 17.96%.

Insider Activity at Landstar System

In related news, VP Michael K. Kneller sold 12,219 shares of the firm's stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $190.30, for a total value of $2,325,275.70. Following the sale, the vice president now owns 61,127 shares of the company's stock, valued at $11,632,468.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.75% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. UBS Group increased their target price on shares of Landstar System from $175.00 to $200.00 and gave the company a "neutral" rating in a research report on Friday, February 2nd. Susquehanna dropped their price objective on shares of Landstar System from $170.00 to $165.00 and set a "neutral" rating for the company in a report on Monday, March 25th. Stifel Nicolaus dropped their price objective on shares of Landstar System from $171.00 to $166.00 and set a "hold" rating for the company in a report on Friday, February 2nd. JPMorgan Chase & Co. started coverage on shares of Landstar System in a research note on Monday, December 11th. They set a "neutral" rating and a $186.00 target price for the company. Finally, Wells Fargo & Company increased their target price on shares of Landstar System from $165.00 to $180.00 and gave the stock an "equal weight" rating in a research note on Friday, February 2nd. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Landstar System currently has an average rating of "Hold" and an average target price of $184.55.

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.