First Horizon Advisors Inc. Cuts Position in Landstar System, Inc. (NASDAQ:LSTR)

First Horizon Advisors Inc. trimmed its position in Landstar System, Inc. (NASDAQ:LSTR) by 22.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 238 shares of the transportation company’s stock after selling 67 shares during the quarter. First Horizon Advisors Inc.’s holdings in Landstar System were worth $41,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Parthenon LLC raised its holdings in shares of Landstar System by 1.8% during the 4th quarter. Parthenon LLC now owns 67,997 shares of the transportation company’s stock valued at $11,686,000 after buying an additional 1,222 shares during the period. Cardinal Capital Management raised its holdings in shares of Landstar System by 3.5% during the 4th quarter. Cardinal Capital Management now owns 22,288 shares of the transportation company’s stock valued at $3,830,000 after buying an additional 754 shares during the period. D.A. Davidson & CO. raised its holdings in shares of Landstar System by 23.7% during the 4th quarter. D.A. Davidson & CO. now owns 3,396 shares of the transportation company’s stock valued at $584,000 after buying an additional 650 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of Landstar System by 8.7% during the 4th quarter. Sanctuary Advisors LLC now owns 7,233 shares of the transportation company’s stock valued at $1,207,000 after buying an additional 578 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its holdings in shares of Landstar System by 5.3% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 11,636 shares of the transportation company’s stock valued at $2,000,000 after buying an additional 582 shares during the period. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Landstar System Trading Down 0.7 %

NASDAQ:LSTR opened at $156.07 on Friday. Landstar System, Inc. has a 12-month low of $152.73 and a 12-month high of $196.86. The firm has a market capitalization of $5.51 billion, a P/E ratio of 28.27 and a beta of 0.83. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. The business has a 50 day simple moving average of $168.19 and a 200 day simple moving average of $178.53.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. Equities research analysts predict that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.92%. The ex-dividend date is Tuesday, February 18th. Landstar System’s payout ratio is currently 26.09%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LSTR shares. 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. Raymond James lowered Landstar System from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Stifel Nicolaus lifted their target price on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Susquehanna decreased their target price on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Finally, Benchmark reiterated a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating and eleven have given a hold rating to the company. According to data from MarketBeat.com, Landstar System presently has a consensus rating of “Hold” and an average 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.