Principal Securities Inc. Has $48,000 Stock Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Principal Securities Inc. lowered its stake in Landstar System, Inc. (NASDAQ:LSTR) by 53.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 281 shares of the transportation company’s stock after selling 319 shares during the period. Principal Securities Inc.’s holdings in Landstar System were worth $48,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in shares of Landstar System during the fourth quarter worth approximately $25,000. Trust Co. of Vermont acquired a new stake in Landstar System during the 4th quarter worth approximately $34,000. TD Private Client Wealth LLC boosted its stake 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 purchasing an additional 158 shares during the period. Huntington National Bank boosted its stake 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 purchasing an additional 95 shares during the period. Finally, KBC Group NV grew 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 in the last quarter. 97.95% of the stock is owned by institutional investors.

Landstar System Trading Down 0.7 %

LSTR opened at $156.07 on Friday. The company’s 50 day moving average is $168.19 and its 200-day moving average is $178.53. The company has a market cap of $5.51 billion, a P/E ratio of 28.27 and a beta of 0.83. Landstar System, Inc. has a 1-year low of $152.73 and a 1-year high of $196.86. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07.

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 net margin of 4.07% and a return on equity of 19.56%. Equities research analysts predict that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Announces Dividend

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

Analyst Upgrades and Downgrades

LSTR has been the subject of a number of research reports. Stifel Nicolaus lifted their target price on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Raymond James lowered shares of Landstar System from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Susquehanna dropped their price target 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, November 1st. Finally, Benchmark reissued a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.