Principal Financial Group Inc. Sells 1,060 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Principal Financial Group Inc. reduced its position in Landstar System, Inc. (NASDAQ:LSTR) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,031 shares of the transportation company’s stock after selling 1,060 shares during the quarter. Principal Financial Group Inc. owned about 0.23% of Landstar System worth $13,926,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in Landstar System in the 4th quarter valued at about $25,000. Trust Co. of Vermont bought a new position in Landstar System in the 4th quarter valued at about $34,000. TD Private Client Wealth LLC increased its holdings in Landstar System by 27.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company’s stock valued at $137,000 after buying an additional 158 shares during the period. Huntington National Bank increased its holdings in 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 buying an additional 95 shares during the period. Finally, KBC Group NV increased its holdings in Landstar System by 14.8% in the 3rd quarter. KBC Group NV now owns 1,006 shares of the transportation company’s stock valued at $190,000 after buying an additional 130 shares during the period. 97.95% of the stock is owned by institutional investors.

Landstar System Stock Down 0.2 %

NASDAQ:LSTR opened at $157.20 on Thursday. The firm’s 50 day simple moving average is $168.54 and its 200 day simple moving average is $178.68. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. Landstar System, Inc. has a one year low of $152.73 and a one year high of $196.86. The company has a market cap of $5.55 billion, a PE ratio of 28.48 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing the consensus estimate 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 anticipate that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.44 annualized dividend and a yield of 0.92%. Landstar System’s payout ratio is 26.09%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. TD Cowen decreased their target price on shares of Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Raymond James downgraded shares of Landstar System from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Benchmark restated a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Finally, Stifel Nicolaus raised their price target on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $170.40.

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.