LRT Capital Management LLC Lowers Stock Holdings in Landstar System, Inc. (NASDAQ:LSTR)

LRT Capital Management LLC decreased its stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 51.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,153 shares of the transportation company's stock after selling 6,509 shares during the period. LRT Capital Management LLC's holdings in Landstar System were worth $1,192,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of Landstar System by 0.8% during the 1st quarter. BlackRock Inc. now owns 4,085,967 shares of the transportation company's stock worth $616,286,000 after buying an additional 31,476 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Landstar System by 0.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,273,485 shares of the transportation company's stock worth $586,805,000 after purchasing an additional 25,366 shares during the last quarter. Morgan Stanley lifted its position in shares of Landstar System by 756.6% during the 4th quarter. Morgan Stanley now owns 3,045,902 shares of the transportation company's stock worth $496,178,000 after purchasing an additional 2,690,326 shares during the last quarter. State Street Corp lifted its position in shares of Landstar System by 4.1% during the 1st quarter. State Street Corp now owns 1,179,816 shares of the transportation company's stock worth $177,952,000 after purchasing an additional 46,997 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Landstar System by 0.8% during the 1st quarter. JPMorgan Chase & Co. now owns 778,972 shares of the transportation company's stock worth $139,638,000 after purchasing an additional 5,821 shares during the last quarter. Institutional investors and hedge funds own 97.95% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on LSTR. Wolfe Research upgraded shares of Landstar System from a "peer perform" rating to an "outperform" rating and set a $205.00 target price for the company in a research note on Wednesday, January 10th. UBS Group boosted their price target on Landstar System from $175.00 to $200.00 and gave the company a "neutral" rating in a research note on Friday, February 2nd. Wells Fargo & Company raised their price objective on Landstar System from $165.00 to $180.00 and gave the stock an "equal weight" rating in a research report on Friday, February 2nd. Susquehanna lowered their price objective on Landstar System from $170.00 to $165.00 and set a "neutral" rating on the stock in a research report on Monday, March 25th. Finally, Stifel Nicolaus reduced their target price on Landstar System from $171.00 to $166.00 and set a "hold" rating for the company in a research report on Friday, February 2nd. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $184.55.

Insiders Place Their Bets

In other news, VP Michael K. Kneller sold 12,219 shares of Landstar System stock in a transaction dated 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 completion of the transaction, the vice president now owns 61,127 shares of the company's stock, valued at approximately $11,632,468.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company's stock.

Landstar System Trading Up 2.2 %

Shares of NASDAQ:LSTR traded up $3.71 during trading on Friday, hitting $170.81. 266,174 shares of the company's stock were exchanged, compared to its average volume of 245,059. Landstar System, Inc. has a 1-year low of $161.13 and a 1-year high of $208.62. The firm has a 50-day moving average price of $186.35 and a two-hundred day moving average price of $183.66. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.04. The firm has a market cap of $6.11 billion, a P/E ratio of 23.24, a PEG ratio of 4.50 and a beta of 0.83.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The transportation company reported $1.62 earnings per share for the quarter, missing analysts' consensus estimates of $1.63 by ($0.01). Landstar System had a net margin of 4.99% and a return on equity of 26.73%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.25 billion. Equities analysts predict that Landstar System, Inc. will post 6.71 earnings per share for the current year.

Landstar System Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Monday, February 12th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $1.32 annualized dividend and a yield of 0.77%. Landstar System's dividend payout ratio (DPR) is presently 17.96%.

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.