Natixis Advisors LLC Cuts Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

Natixis Advisors LLC lessened its stake in Landstar System, Inc. (NASDAQ:LSTR) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 125,092 shares of the transportation company’s stock after selling 4,559 shares during the period. Natixis Advisors LLC’s holdings in Landstar System were worth $21,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its stake in Landstar System by 0.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,621,511 shares of the transportation company’s stock valued at $278,673,000 after purchasing an additional 11,146 shares during the last quarter. State Street Corp grew its stake in Landstar System by 1.4% in the third quarter. State Street Corp now owns 1,117,857 shares of the transportation company’s stock valued at $211,130,000 after purchasing an additional 15,328 shares during the last quarter. Geode Capital Management LLC grew its stake in Landstar System by 5.1% in the third quarter. Geode Capital Management LLC now owns 813,546 shares of the transportation company’s stock valued at $153,685,000 after purchasing an additional 39,223 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Landstar System by 10.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 429,928 shares of the transportation company’s stock valued at $81,201,000 after purchasing an additional 41,758 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Landstar System by 4.3% in the fourth quarter. Bank of New York Mellon Corp now owns 389,019 shares of the transportation company’s stock valued at $66,857,000 after purchasing an additional 15,986 shares during the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Analysts Set New Price Targets

LSTR has been the topic of several analyst reports. JPMorgan Chase & Co. cut their target price on Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Truist Financial assumed coverage on Landstar System in a research note on Thursday, March 13th. They set a “hold” rating and a $160.00 price target on the stock. Stifel Nicolaus boosted their price target on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Finally, Benchmark restated a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to data from MarketBeat.com, Landstar System currently has a consensus rating of “Hold” and a consensus target price of $169.45.

Landstar System Price Performance

Shares of NASDAQ LSTR opened at $150.24 on Tuesday. The business’s 50 day moving average price is $163.43 and its 200 day moving average price is $175.68. The firm has a market cap of $5.31 billion, a P/E ratio of 27.22 and a beta of 0.82. Landstar System, Inc. has a 52 week low of $147.59 and a 52 week high of $196.86. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. On average, sell-side analysts expect that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Tuesday, February 18th. Landstar System’s payout ratio is presently 26.09%.

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.