Boston Partners Sells 118,287 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Boston Partners reduced its position in Landstar System, Inc. (NASDAQ:LSTR) by 7.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,463,868 shares of the transportation company’s stock after selling 118,287 shares during the quarter. Boston Partners owned about 4.14% of Landstar System worth $251,610,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in Landstar System in the 4th quarter valued at about $25,000. HM Payson & Co. bought a new stake in shares of Landstar System during the 4th quarter valued at approximately $26,000. Trust Co. of Vermont bought a new stake in shares of Landstar System during the 4th quarter valued at approximately $34,000. TD Private Client Wealth LLC grew its holdings in shares of Landstar System by 27.9% during the 3rd 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 last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of Landstar System by 225.5% during the 4th quarter. Jones Financial Companies Lllp now owns 895 shares of the transportation company’s stock valued at $154,000 after purchasing an additional 620 shares during the last quarter. 97.95% of the stock is owned by institutional investors.

Landstar System Stock Down 0.4 %

Shares of NASDAQ LSTR opened at $149.59 on Wednesday. The company has a market capitalization of $5.28 billion, a P/E ratio of 27.10 and a beta of 0.82. Landstar System, Inc. has a 52-week low of $147.59 and a 52-week high of $196.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96. The company’s 50 day moving average price is $163.05 and its 200-day moving average price is $175.44.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results 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 return on equity of 19.56% and a net margin of 4.07%. Equities analysts forecast that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a $0.36 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.96%. Landstar System’s dividend payout ratio (DPR) is currently 26.09%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of 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 lifted their price target on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Truist Financial assumed coverage on shares of Landstar System in a report on Thursday, March 13th. They set a “hold” rating and a $160.00 price target on the stock. Finally, Benchmark reaffirmed a “hold” rating on shares of Landstar System in a report on Friday, January 31st. One analyst has rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Landstar System has an average rating of “Hold” and an average target price of $169.45.

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.