Mutual of America Capital Management LLC Has $4.30 Million Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

Mutual of America Capital Management LLC trimmed its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 4.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 22,227 shares of the transportation company’s stock after selling 1,157 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Landstar System were worth $4,304,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LSTR. Larson Financial Group LLC bought a new position in shares of Landstar System during the 3rd quarter worth about $49,000. First Capital Advisors Group LLC. bought a new position in shares of Landstar System during the 2nd quarter worth about $59,000. Belpointe Asset Management LLC lifted its holdings in shares of Landstar System by 150.7% during the 1st quarter. Belpointe Asset Management LLC now owns 356 shares of the transportation company’s stock worth $64,000 after acquiring an additional 214 shares during the period. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Landstar System by 126.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 565 shares of the transportation company’s stock worth $100,000 after acquiring an additional 315 shares during the period. Finally, Impact Partnership Wealth LLC bought a new position in shares of Landstar System during the 3rd quarter worth about $108,000. 97.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Susquehanna cut their price target on shares of Landstar System from $170.00 to $165.00 and set a “neutral” rating for the company in a report on Monday, March 25th. Stifel Nicolaus cut their price target on shares of Landstar System from $171.00 to $166.00 and set a “hold” rating for the company in a report on Friday, February 2nd. UBS Group lifted their price target on shares of Landstar System from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. Wells Fargo & Company lifted their price target on shares of Landstar System from $165.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. Finally, Wolfe Research raised shares of Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 price target for the company in a report on Wednesday, January 10th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Landstar System presently has a consensus rating of “Hold” and a consensus target price of $184.55.

Landstar System Stock Down 1.5 %

Shares of NASDAQ:LSTR opened at $176.25 on Tuesday. Landstar System, Inc. has a one year low of $161.13 and a one year high of $208.62. The company has a 50 day moving average of $188.10 and a 200-day moving average of $183.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.00 and a quick ratio of 2.00. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 23.98, a P/E/G ratio of 4.72 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, January 31st. The transportation company reported $1.62 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.01). Landstar System had a return on equity of 26.73% and a net margin of 4.99%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.25 billion. On average, sell-side analysts forecast that Landstar System, Inc. will post 6.71 earnings per share for the current year.

Landstar System Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Monday, February 12th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Friday, February 9th. Landstar System’s dividend payout ratio is currently 17.96%.

Insider Activity at Landstar System

In related news, VP Michael K. Kneller sold 12,219 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the completion of the transaction, the vice president now owns 61,127 shares in the company, valued at $11,632,468.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.75% of the company’s stock.

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.