Duality Advisers LP Sells 11,061 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Duality Advisers LP trimmed its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 86.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,733 shares of the transportation company's stock after selling 11,061 shares during the period. Duality Advisers LP's holdings in Landstar System were worth $336,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Invesco Ltd. increased its holdings in shares of Landstar System by 55.1% in the 3rd quarter. Invesco Ltd. now owns 417,932 shares of the transportation company's stock worth $73,949,000 after acquiring an additional 148,490 shares during the period. Qube Research & Technologies Ltd increased its holdings in shares of Landstar System by 63.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 205,239 shares of the transportation company's stock worth $36,315,000 after acquiring an additional 79,536 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Landstar System by 185.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 94,243 shares of the transportation company's stock worth $16,675,000 after acquiring an additional 61,260 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Landstar System by 49.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 156,879 shares of the transportation company's stock worth $27,758,000 after acquiring an additional 51,669 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Landstar System in the 3rd quarter worth about $4,681,000. 97.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on LSTR. Wells Fargo & Company increased their price objective on shares of Landstar System from $165.00 to $180.00 and gave the stock an "equal weight" rating in a report on Friday, February 2nd. Stifel Nicolaus decreased their target price on shares of Landstar System from $171.00 to $166.00 and set a "hold" rating for the company in a research report on Friday, February 2nd. 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 decreased their target price on shares of Landstar System from $165.00 to $160.00 and set a "neutral" rating for the company in a research report on Friday. Finally, Benchmark reiterated a "hold" rating on shares of Landstar System in a research report on Friday. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Landstar System has an average rating of "Hold" and a consensus target price of $184.09.

Landstar System Stock Down 0.1 %

Shares of NASDAQ LSTR traded down $0.17 during mid-day trading on Friday, reaching $177.26. The company had a trading volume of 313,188 shares, compared to its average volume of 270,637. The stock has a fifty day moving average of $184.33 and a two-hundred day moving average of $183.50. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.00 and a current ratio of 2.22. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 27.27, a PEG ratio of 4.68 and a beta of 0.83. Landstar System, Inc. has a 12-month low of $161.13 and a 12-month high of $208.62.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.28 by $0.04. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.12 billion. Landstar System had a net margin of 4.63% and a return on equity of 23.11%. As a group, equities research analysts expect that Landstar System, Inc. will post 6.71 EPS for the current year.

Landstar System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Wednesday, May 8th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Tuesday, May 7th. Landstar System's dividend payout ratio (DPR) is 20.31%.

Insider Transactions 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 transaction of $2,325,275.70. Following the transaction, 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 legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by insiders.

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.