Smithfield Trust Co Decreases Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

Smithfield Trust Co cut its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 25.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 436 shares of the transportation company’s stock after selling 147 shares during the quarter. Smithfield Trust Co’s holdings in Landstar System were worth $75,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LSTR. Farther Finance Advisors LLC raised its stake in Landstar System by 320.5% in the third quarter. Farther Finance Advisors LLC now owns 1,459 shares of the transportation company’s stock valued at $276,000 after buying an additional 1,112 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in Landstar System by 111.1% in the third quarter. Harbor Capital Advisors Inc. now owns 8,751 shares of the transportation company’s stock valued at $1,653,000 after buying an additional 4,606 shares during the last quarter. Van ECK Associates Corp raised its stake in Landstar System by 40.0% in the third quarter. Van ECK Associates Corp now owns 25,156 shares of the transportation company’s stock valued at $4,529,000 after buying an additional 7,188 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in Landstar System in the third quarter valued at about $207,000. Finally, Olympiad Research LP purchased a new stake in Landstar System in the third quarter valued at about $205,000. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Landstar System Price Performance

LSTR stock opened at $154.58 on Thursday. The business has a fifty day moving average of $166.30 and a two-hundred day moving average of $177.45. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 28.00 and a beta of 0.83. Landstar System, Inc. has a 52-week low of $152.64 and a 52-week high of $196.86.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (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%. As a group, research analysts anticipate that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be paid a $0.36 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.93%. Landstar System’s payout ratio is presently 26.09%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LSTR. Benchmark reissued a “hold” rating on shares of Landstar System in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their target price on Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Stifel Nicolaus raised their target price on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Finally, Raymond James lowered Landstar System from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $170.40.

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.