Vestmark Advisory Solutions Inc. Sells 278 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Vestmark Advisory Solutions Inc. lowered its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,849 shares of the transportation company’s stock after selling 278 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Landstar System were worth $3,263,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. SRS Capital Advisors Inc. lifted its holdings in Landstar System by 209.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 192 shares of the transportation company’s stock valued at $37,000 after buying an additional 130 shares in the last quarter. Larson Financial Group LLC purchased a new position in shares of Landstar System in the third quarter worth $49,000. GAMMA Investing LLC purchased a new position in Landstar System in the 4th quarter worth $58,000. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Landstar System by 126.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 565 shares of the transportation company’s stock worth $100,000 after purchasing an additional 315 shares during the period. Finally, Exchange Traded Concepts LLC lifted its stake in Landstar System by 17.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 616 shares of the transportation company’s stock valued at $119,000 after acquiring an additional 92 shares during the period. 97.95% of the stock is owned by hedge funds and other institutional investors.

Landstar System Stock Performance

LSTR stock traded up $3.14 during trading on Friday, hitting $180.14. The company had a trading volume of 342,746 shares, compared to its average volume of 308,567. Landstar System, Inc. has a 1-year low of $161.13 and a 1-year high of $208.62. The firm has a 50-day moving average price of $182.64 and a 200-day moving average price of $183.42. The company has a quick ratio of 2.00, a current ratio of 2.22 and a debt-to-equity ratio of 0.04. The firm has a market cap of $6.44 billion, a PE ratio of 27.71, a price-to-earnings-growth ratio of 4.83 and a beta of 0.86.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.28 by $0.04. Landstar System had a return on equity of 23.11% and a net margin of 4.63%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.12 billion. On average, analysts expect that Landstar System, Inc. will post 6.49 earnings per share for the current year.

Landstar System Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Wednesday, May 8th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Tuesday, May 7th. Landstar System’s payout ratio is 20.31%.

Wall Street Analyst Weigh In

LSTR has been the topic of several research analyst reports. Wolfe Research upgraded shares of Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 target price on the stock in a research report on Wednesday, January 10th. Stifel Nicolaus lowered their price target on Landstar System from $166.00 to $164.00 and set a “hold” rating for the company in a research report on Monday, April 29th. Susquehanna cut their target price on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday, April 26th. Benchmark reiterated a “hold” rating on shares of Landstar System in a research note on Friday, April 26th. Finally, UBS Group increased their target price on Landstar System from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $183.91.

Insider Transactions at Landstar System

In other Landstar System news, VP Michael K. Kneller sold 12,219 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the transaction, the vice president now directly owns 61,127 shares in the company, valued at $11,632,468.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% of the company’s stock.

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.