Yousif Capital Management LLC Decreases Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Yousif Capital Management LLC reduced its position in Landstar System, Inc. (NASDAQ:LSTR) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 17,283 shares of the transportation company’s stock after selling 403 shares during the period. Yousif Capital Management LLC’s holdings in Landstar System were worth $3,347,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. lifted its holdings in shares of Landstar System by 55.1% in the third quarter. Invesco Ltd. now owns 417,932 shares of the transportation company’s stock valued at $73,949,000 after purchasing an additional 148,490 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in Landstar System by 63.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 205,239 shares of the transportation company’s stock valued at $36,315,000 after buying an additional 79,536 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Landstar System by 185.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 94,243 shares of the transportation company’s stock worth $16,675,000 after buying an additional 61,260 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Landstar System by 49.1% in the third quarter. Envestnet Asset Management Inc. now owns 156,879 shares of the transportation company’s stock worth $27,758,000 after acquiring an additional 51,669 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Landstar System in the third quarter valued at $4,681,000. 97.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on LSTR shares. Stifel Nicolaus dropped their price objective on Landstar System from $171.00 to $166.00 and set a “hold” rating for the company in a research report on Friday, February 2nd. Susquehanna cut their price objective on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday. UBS Group raised their target price on shares of Landstar System from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Wells Fargo & Company lifted their target price on shares of Landstar System from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. Finally, Wolfe Research raised Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 price target on the stock in a research note on Wednesday, January 10th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Landstar System presently has a consensus rating of “Hold” and an average price target of $184.09.

Insider Activity

In related news, VP Michael K. Kneller sold 12,219 shares of the company’s stock in a transaction 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 sale, the vice president now directly owns 61,127 shares of the company’s stock, valued at approximately $11,632,468.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.75% of the company’s stock.

Landstar System Price Performance

Shares of Landstar System stock opened at $177.26 on Monday. The business’s fifty day moving average price is $184.33 and its 200 day moving average price is $183.53. Landstar System, Inc. has a twelve month low of $161.13 and a twelve month high of $208.62. The company has a current ratio of 2.22, a quick ratio of 2.00 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $6.34 billion, a P/E ratio of 27.27, a PEG ratio of 4.69 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, April 24th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.04. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Landstar System had a return on equity of 23.11% and a net margin of 4.63%. As a group, research analysts anticipate that Landstar System, Inc. will post 6.69 earnings per share for the current year.

Landstar System Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Wednesday, May 8th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Tuesday, May 7th. Landstar System’s dividend payout ratio is presently 20.31%.

About Landstar System

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.