National Bank of Canada FI Cuts Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

National Bank of Canada FI lowered its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 85.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,555 shares of the transportation company's stock after selling 9,509 shares during the quarter. National Bank of Canada FI's holdings in Landstar System were worth $294,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Benjamin F. Edwards & Company Inc. lifted its holdings in Landstar System by 72.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 690 shares of the transportation company's stock valued at $134,000 after buying an additional 291 shares in the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of Landstar System by 209.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 192 shares of the transportation company's stock worth $37,000 after buying an additional 130 shares during the last quarter. Victory Capital Management Inc. raised its stake in Landstar System by 19.2% in the 4th quarter. Victory Capital Management Inc. now owns 1,394,389 shares of the transportation company's stock worth $270,024,000 after acquiring an additional 224,286 shares during the last quarter. Van ECK Associates Corp raised its stake in Landstar System by 33.0% in the 4th quarter. Van ECK Associates Corp now owns 11,850 shares of the transportation company's stock worth $2,295,000 after acquiring an additional 2,942 shares during the last quarter. Finally, Retirement Systems of Alabama raised its stake in Landstar System by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 48,075 shares of the transportation company's stock worth $9,310,000 after acquiring an additional 137 shares during the last quarter. Institutional investors own 97.95% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LSTR shares. Susquehanna reduced their price objective on Landstar System from $165.00 to $160.00 and set a "neutral" rating for the company in a research note on Friday, April 26th. Wells Fargo & Company boosted their target price on Landstar System from $165.00 to $180.00 and gave the stock an "equal weight" rating in a report on Friday, February 2nd. Benchmark restated a "hold" rating on shares of Landstar System in a report on Friday, April 26th. Raymond James started coverage on shares of Landstar System in a research report on Wednesday. They set an "outperform" rating and a $205.00 price target on the stock. Finally, UBS Group boosted their target price on Landstar System from $175.00 to $200.00 and gave the company a "neutral" rating in a research report on Friday, February 2nd. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Landstar System currently has a consensus rating of "Hold" and an average price target of $183.00.

Landstar System Stock Down 1.2 %

Landstar System stock traded down $2.27 during midday trading on Friday, hitting $183.13. 216,979 shares of the stock were exchanged, compared to its average volume of 274,039. Landstar System, Inc. has a 1 year low of $161.13 and a 1 year high of $208.62. The firm has a market cap of $6.55 billion, a P/E ratio of 28.26, a P/E/G ratio of 5.12 and a beta of 0.86. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.22 and a quick ratio of 2.22. The company has a 50 day moving average price of $181.67 and a two-hundred day moving average price of $184.26.

Landstar System (NASDAQ:LSTR - Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.04. Landstar System had a net margin of 4.63% and a return on equity of 23.11%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.12 billion. On average, sell-side analysts predict that Landstar System, Inc. will post 6.4 earnings per share for the current fiscal year.

Landstar System Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Tuesday, May 7th. Landstar System's dividend payout ratio (DPR) is 20.31%.

About Landstar System

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.