Landstar System, Inc. (NASDAQ:LSTR) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its stake in Landstar System, Inc. (NASDAQ:LSTR) by 1.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 48,425 shares of the transportation company’s stock after selling 520 shares during the quarter. New York State Teachers Retirement System’s holdings in Landstar System were worth $8,322,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new position in shares of Landstar System in the fourth quarter worth $25,000. Trust Co. of Vermont purchased a new position in Landstar System in the 4th quarter worth $34,000. Whittier Trust Co. of Nevada Inc. lifted its position in Landstar System by 431.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock worth $83,000 after acquiring an additional 358 shares during the period. TD Private Client Wealth LLC increased its holdings in shares of Landstar System by 27.9% in the third quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 158 shares during the period. Finally, Huntington National Bank raised its stake in shares of Landstar System by 11.5% in the third quarter. Huntington National Bank now owns 924 shares of the transportation company’s stock worth $175,000 after purchasing an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Landstar System Trading Up 0.5 %

Shares of Landstar System stock opened at $162.67 on Wednesday. Landstar System, Inc. has a twelve month low of $157.99 and a twelve month high of $196.86. The firm’s 50-day moving average price is $171.72 and its 200 day moving average price is $179.88. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $5.75 billion, a PE ratio of 29.47 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. On average, sell-side analysts predict that Landstar System, Inc. will post 6.2 EPS for the current fiscal year.

Landstar System Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Tuesday, February 18th. Landstar System’s dividend payout ratio is currently 26.09%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Benchmark reiterated a “hold” rating on shares of Landstar System in a report on Friday, January 31st. TD Cowen decreased their price target on Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. Raymond James lowered shares of Landstar System from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Susquehanna lowered their price target on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Finally, Stephens dropped their price target on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $170.40.

Landstar System 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.