WCM Investment Management LLC lessened its holdings in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,373 shares of the transportation company's stock after selling 4,954 shares during the period. WCM Investment Management LLC owned about 0.44% of Landstar System worth $26,796,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of the business. Verition Fund Management LLC increased its position in shares of Landstar System by 28.1% in the third quarter. Verition Fund Management LLC now owns 59,005 shares of the transportation company's stock valued at $11,144,000 after buying an additional 12,931 shares in the last quarter. ING Groep NV purchased a new stake in Landstar System in the 3rd quarter worth $1,228,000. Point72 Asia Singapore Pte. Ltd. raised its position in Landstar System by 419.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,682 shares of the transportation company's stock worth $695,000 after acquiring an additional 2,973 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Landstar System by 3,775.2% during the third quarter. Thrivent Financial for Lutherans now owns 334,853 shares of the transportation company's stock valued at $63,243,000 after purchasing an additional 326,212 shares in the last quarter. Finally, FMR LLC grew its position in shares of Landstar System by 8.6% in the third quarter. FMR LLC now owns 162,222 shares of the transportation company's stock valued at $30,639,000 after purchasing an additional 12,894 shares during the period. Institutional investors and hedge funds own 97.95% of the company's stock.
A number of research analysts recently weighed in on the stock. Stephens decreased 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 note on Wednesday, October 30th. UBS Group increased their target price on Landstar System from $184.00 to $186.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. TD Cowen lowered their price target on Landstar System from $176.00 to $174.00 and set a "hold" rating on the stock in a research note on Wednesday, October 30th. Raymond James lowered Landstar System from an "outperform" rating to a "market perform" rating in a report on Friday, November 15th. Finally, JPMorgan Chase & Co. dropped 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. One investment analyst has rated the stock with a sell rating and eleven have given a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $170.40.
Check Out Our Latest Stock Report on Landstar System
Shares of LSTR stock opened at $159.41 on Friday. The firm's 50-day moving average is $174.63 and its two-hundred day moving average is $181.18. Landstar System, Inc. has a 12 month low of $158.78 and a 12 month high of $196.86. 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 company has a market capitalization of $5.63 billion, a PE ratio of 28.88 and a beta of 0.83.
Landstar System (NASDAQ:LSTR - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 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%. Analysts predict that Landstar System, Inc. will post 6.2 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a yield of 0.90%. Landstar System's payout ratio is currently 26.09%.
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.
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