Principal Financial Group Inc. reduced its position in Landstar System, Inc. (NASDAQ:LSTR – Free Report) 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 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.
View Our Latest Stock Analysis on Landstar System
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.
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