Choreo LLC Sells 559 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Choreo LLC trimmed its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 19.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,244 shares of the transportation company’s stock after selling 559 shares during the period. Choreo LLC’s holdings in Landstar System were worth $387,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont acquired a new position in shares of Landstar System in the 4th quarter worth approximately $34,000. Whittier Trust Co. of Nevada Inc. raised its stake in Landstar System by 431.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock worth $83,000 after acquiring an additional 358 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Landstar System by 27.9% during the third quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 158 shares during the period. Huntington National Bank boosted its stake in shares of Landstar System by 11.5% in the 3rd quarter. Huntington National Bank now owns 924 shares of the transportation company’s stock valued at $175,000 after purchasing an additional 95 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Landstar System by 14.8% in the 3rd quarter. KBC Group NV now owns 1,006 shares of the transportation company’s stock worth $190,000 after purchasing an additional 130 shares during the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

Landstar System Price Performance

Landstar System stock opened at $159.86 on Thursday. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of 28.96 and a beta of 0.83. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. The business has a 50-day simple moving average of $173.63 and a 200 day simple moving average of $180.71. Landstar System, Inc. has a 52 week low of $157.99 and a 52 week high of $196.86.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. On average, research analysts forecast that Landstar System, Inc. will post 6.2 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be paid a $0.36 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.44 annualized dividend and a dividend yield of 0.90%. Landstar System’s payout ratio is presently 26.09%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Raymond James lowered Landstar System from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Stifel Nicolaus lifted their price objective on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. 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 report on Friday, November 1st. Finally, Evercore ISI lowered their price target on shares of Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating and eleven have given a hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $170.40.

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.