Cwm LLC Sells 3,056 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Cwm LLC decreased its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 14.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,943 shares of the transportation company’s stock after selling 3,056 shares during the quarter. Cwm LLC’s holdings in Landstar System were worth $3,459,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Landstar System by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 3,454,652 shares of the transportation company’s stock worth $668,993,000 after purchasing an additional 27,026 shares during the last quarter. Prudential PLC bought a new position in Landstar System in the 4th quarter worth about $3,511,000. CenterBook Partners LP purchased a new position in shares of Landstar System during the fourth quarter worth approximately $577,000. Pinebridge Investments L.P. raised its stake in shares of Landstar System by 320.7% during the fourth quarter. Pinebridge Investments L.P. now owns 5,911 shares of the transportation company’s stock valued at $1,145,000 after acquiring an additional 4,506 shares in the last quarter. Finally, Burgundy Asset Management Ltd. raised its stake in shares of Landstar System by 4.3% during the fourth quarter. Burgundy Asset Management Ltd. now owns 2,573 shares of the transportation company’s stock valued at $498,000 after acquiring an additional 107 shares in the last quarter. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LSTR. Benchmark reissued a “hold” rating on shares of Landstar System in a research note on Friday, April 26th. Stifel Nicolaus dropped their price target on Landstar System from $166.00 to $164.00 and set a “hold” rating on the stock in a research report on Monday, April 29th. Raymond James initiated coverage on Landstar System in a report on Wednesday, May 15th. They issued an “outperform” rating and a $205.00 price objective for the company. Finally, Susquehanna lowered their price objective on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, April 26th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $183.00.

Landstar System Stock Up 0.3 %

Shares of NASDAQ:LSTR traded up $0.56 during trading on Wednesday, reaching $180.98. The stock had a trading volume of 195,150 shares, compared to its average volume of 215,159. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $6.47 billion, a P/E ratio of 27.84 and a beta of 0.83. The firm’s 50-day simple moving average is $178.94 and its 200 day simple moving average is $186.02. Landstar System, Inc. has a one year low of $161.13 and a one year high of $208.62.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.04. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.12 billion. Landstar System had a net margin of 4.63% and a return on equity of 23.11%. As a group, research analysts expect that Landstar System, Inc. will post 6.31 EPS for the current fiscal year.

Landstar System Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Wednesday, May 8th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Tuesday, May 7th. Landstar System’s dividend payout ratio (DPR) is presently 20.31%.

Landstar System Company 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.