Bleakley Financial Group LLC Reduces Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Bleakley Financial Group LLC reduced its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,359 shares of the transportation company’s stock after selling 71 shares during the period. Bleakley Financial Group LLC’s holdings in Landstar System were worth $749,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Roberts Wealth Advisors LLC increased its stake in shares of Landstar System by 1.3% in the 4th quarter. Roberts Wealth Advisors LLC now owns 4,616 shares of the transportation company’s stock worth $818,000 after purchasing an additional 60 shares in the last quarter. OneDigital Investment Advisors LLC grew its holdings in Landstar System by 1.5% during the third quarter. OneDigital Investment Advisors LLC now owns 4,678 shares of the transportation company’s stock valued at $883,000 after purchasing an additional 68 shares during the period. GAMMA Investing LLC increased its position in Landstar System by 14.1% in the third quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock worth $107,000 after buying an additional 70 shares in the last quarter. Equitable Trust Co. raised its stake in shares of Landstar System by 2.2% in the third quarter. Equitable Trust Co. now owns 3,250 shares of the transportation company’s stock worth $614,000 after buying an additional 71 shares during the period. Finally, Caprock Group LLC lifted its position in shares of Landstar System by 2.3% during the 3rd quarter. Caprock Group LLC now owns 3,378 shares of the transportation company’s stock valued at $638,000 after buying an additional 77 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors.

Landstar System Price Performance

NASDAQ:LSTR opened at $159.41 on Monday. The company has a market capitalization of $5.63 billion, a P/E ratio of 28.88 and a beta of 0.83. The business’s 50-day moving average is $174.63 and its 200 day moving average is $181.16. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. Landstar System, Inc. has a 12 month low of $158.78 and a 12 month high of $196.86.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data 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%. On average, equities research analysts forecast that Landstar System, Inc. will post 6.2 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders 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 0.90%. Landstar System’s payout ratio is currently 26.09%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Evercore ISI decreased their price objective on shares of Landstar System from $165.00 to $160.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 30th. Raymond James cut shares of Landstar System from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Benchmark reiterated a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. Finally, TD Cowen lowered their price objective on Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. According to MarketBeat, Landstar System currently has a consensus rating of “Hold” and an average price target 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.