Crossmark Global Holdings Inc. Has $273,000 Stake in Landstar System, Inc. (NASDAQ:LSTR)

Crossmark Global Holdings Inc. trimmed its position in Landstar System, Inc. (NASDAQ:LSTR) by 77.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,586 shares of the transportation company’s stock after selling 5,304 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Landstar System were worth $273,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Trust Co. of Vermont acquired a new position in shares of Landstar System in the fourth quarter valued at $34,000. Harbor Capital Advisors Inc. raised its stake in Landstar System by 1.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 8,865 shares of the transportation company’s stock worth $1,524,000 after acquiring an additional 114 shares in the last quarter. Fulton Bank N.A. raised its stake in Landstar System by 10.8% during the fourth quarter. Fulton Bank N.A. now owns 2,100 shares of the transportation company’s stock worth $361,000 after acquiring an additional 204 shares in the last quarter. Franklin Resources Inc. raised its stake in Landstar System by 28.1% during the third quarter. Franklin Resources Inc. now owns 58,177 shares of the transportation company’s stock worth $11,000,000 after acquiring an additional 12,756 shares in the last quarter. Finally, Tidal Investments LLC raised its stake in Landstar System by 9.3% during the third quarter. Tidal Investments LLC now owns 10,053 shares of the transportation company’s stock worth $1,899,000 after acquiring an additional 857 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Landstar System

In related news, CFO James P. Todd sold 1,000 shares of Landstar System stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $184.32, for a total value of $184,320.00. Following the sale, the chief financial officer now owns 14,083 shares of the company’s stock, valued at approximately $2,595,778.56. This trade represents a 6.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LSTR shares. Susquehanna dropped their price objective on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus increased their target price on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. TD Cowen decreased their target price on Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. UBS Group increased their target price on Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Evercore ISI decreased their target price on Landstar System from $165.00 to $160.00 and set an “in-line” rating on the stock in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating and twelve have given a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $172.27.

Landstar System Trading Up 2.1 %

NASDAQ:LSTR opened at $176.61 on Tuesday. Landstar System, Inc. has a 1-year low of $164.04 and a 1-year high of $197.16. The business’s 50-day moving average price is $178.02 and its two-hundred day moving average price is $182.37. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 30.29 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Tuesday, October 29th. The transportation company reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.22 billion. Landstar System had a return on equity of 20.68% and a net margin of 4.32%. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.71 EPS. On average, equities analysts expect that Landstar System, Inc. will post 5.57 earnings per share for the current year.

Landstar System Increases Dividend

The firm also recently declared a special dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Tuesday, January 7th. This is a positive change from Landstar System’s previous special dividend of $1.50. Landstar System’s dividend payout ratio (DPR) is currently 24.70%.

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.