American International Group Inc. Sells 2,098 Shares of Landstar System, Inc. (NASDAQ:LSTR)

American International Group Inc. trimmed its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,800 shares of the transportation company’s stock after selling 2,098 shares during the quarter. American International Group Inc. owned 0.14% of Landstar System worth $9,450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SRS Capital Advisors Inc. lifted its holdings in shares of 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 during the period. Montag A & Associates Inc. bought a new position in Landstar System in the 4th quarter worth $48,000. GAMMA Investing LLC bought a new position in Landstar System in the 4th quarter worth $58,000. Larson Financial Group LLC raised its holdings in Landstar System by 77.8% in the 4th quarter. Larson Financial Group LLC now owns 496 shares of the transportation company’s stock worth $96,000 after purchasing an additional 217 shares during the period. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in Landstar System by 126.0% in the 3rd 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. 97.95% of the stock is owned by institutional investors.

Landstar System Stock Up 0.3 %

Shares of NASDAQ LSTR opened at $180.98 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.22 and a quick ratio of 2.22. The company has a market cap of $6.47 billion, a P/E ratio of 27.84 and a beta of 0.83. 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 simple moving average of $178.94 and a two-hundred day simple moving average of $186.02.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.12 billion. Landstar System had a net margin of 4.63% and a return on equity of 23.11%. Research analysts anticipate that Landstar System, Inc. will post 6.31 earnings per share for the current year.

Landstar System Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently commented on LSTR. Raymond James began coverage on Landstar System in a report on Wednesday, May 15th. They issued an “outperform” rating and a $205.00 target price on the stock. Stifel Nicolaus decreased their target price on Landstar System from $166.00 to $164.00 and set a “hold” rating on the stock in a report on Monday, April 29th. Susquehanna decreased their target price on Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, April 26th. Finally, Benchmark reiterated a “hold” rating on shares of Landstar System in a research note on Friday, April 26th. Nine 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 presently has an average rating of “Hold” and an average target price of $183.00.

About Landstar System

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.