Bank of Nova Scotia Sells 69 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Bank of Nova Scotia decreased its stake in shares of Landstar System, Inc. (NASDAQ:LSTRFree Report) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,281 shares of the transportation company’s stock after selling 69 shares during the quarter. Bank of Nova Scotia’s holdings in Landstar System were worth $442,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. SRS Capital Advisors Inc. grew its position in shares of Landstar System by 209.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 192 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 130 shares in the last quarter. Montag A & Associates Inc. bought a new stake in Landstar System in the 4th quarter worth approximately $48,000. GAMMA Investing LLC purchased a new stake in shares of Landstar System during the 4th quarter worth approximately $58,000. Larson Financial Group LLC boosted its position in shares of Landstar System by 77.8% during the 4th quarter. Larson Financial Group LLC now owns 496 shares of the transportation company’s stock valued at $96,000 after acquiring an additional 217 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its position 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 valued at $100,000 after acquiring an additional 315 shares during the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.

Landstar System Trading Down 0.4 %

NASDAQ LSTR opened at $180.19 on Friday. Landstar System, Inc. has a 12 month low of $161.13 and a 12 month high of $208.62. The company’s 50-day moving average price is $179.79 and its 200-day moving average price is $185.55. The stock has a market cap of $6.44 billion, a PE ratio of 27.72 and a beta of 0.83. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.04.

Landstar System (NASDAQ:LSTRGet Free Report) last issued its earnings results on Wednesday, April 24th. The transportation company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.04. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.12 billion. Landstar System had a net margin of 4.63% and a return on equity of 23.11%. Equities research analysts forecast that Landstar System, Inc. will post 6.31 earnings per share for the current year.

Landstar System Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Wednesday, May 8th were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, May 7th. This represents a $1.32 annualized dividend and a dividend yield of 0.73%. Landstar System’s dividend payout ratio is currently 20.31%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LSTR. Raymond James initiated coverage on shares of Landstar System in a research note on Wednesday, May 15th. They set an “outperform” rating and a $205.00 price target on the stock. Susquehanna reduced their price objective on Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday, April 26th. Benchmark reiterated a “hold” rating on shares of Landstar System in a report on Friday, April 26th. Finally, Stifel Nicolaus decreased their price target on Landstar System from $166.00 to $164.00 and set a “hold” rating on the stock in a report on Monday, April 29th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $183.00.

Get Our Latest Stock Analysis on LSTR

Landstar System Company Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Landstar System (NASDAQ:LSTR)

Receive News & Ratings for Landstar System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Landstar System and related companies with MarketBeat.com's FREE daily email newsletter.