Landstar System, Inc. (NASDAQ:LSTR) Stock Holdings Decreased by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 145,911 shares of the transportation company's stock after selling 8,800 shares during the period. Russell Investments Group Ltd. owned 0.41% of Landstar System worth $28,256,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wells Fargo & Company upped their price target on Landstar System from $165.00 to $180.00 and gave the stock an "equal weight" rating in a research note on Friday, February 2nd. Susquehanna decreased their price target on Landstar System from $165.00 to $160.00 and set a "neutral" rating on the stock in a research note on Friday, April 26th. Wolfe Research upgraded Landstar System from a "peer perform" rating to an "outperform" rating and set a $205.00 price target on the stock in a research note on Wednesday, January 10th. UBS Group upped their price target on Landstar System from $175.00 to $200.00 and gave the stock a "neutral" rating in a research note on Friday, February 2nd. Finally, Stifel Nicolaus decreased their price target on Landstar System from $166.00 to $164.00 and set a "hold" rating on the stock in a research note on Monday. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Landstar System has a consensus rating of "Hold" and a consensus target price of $183.91.

Insider Activity at Landstar System

In other Landstar System news, VP Michael K. Kneller sold 12,219 shares of the firm's stock in a transaction dated Monday, February 5th. The stock was 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 filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Landstar System Stock Up 2.7 %

Shares of Landstar System stock traded up $4.66 during trading hours on Thursday, reaching $177.00. 347,131 shares of the company were exchanged, compared to its average volume of 278,519. The firm has a market cap of $6.33 billion, a PE ratio of 27.23, a PEG ratio of 4.76 and a beta of 0.86. The stock's fifty day moving average is $182.94 and its 200 day moving average is $183.40. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.00 and a current ratio of 2.22. Landstar System, Inc. has a 1 year low of $161.13 and a 1 year high of $208.62.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its earnings results on Wednesday, April 24th. The transportation company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.28 by $0.04. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.12 billion. Landstar System had a return on equity of 23.11% and a net margin of 4.63%. As a group, equities research analysts forecast that Landstar System, Inc. will post 6.49 earnings per share for the current year.

Landstar System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Wednesday, May 8th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.75%. The ex-dividend date is Tuesday, May 7th. Landstar System's dividend payout ratio (DPR) is presently 20.31%.

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.