PNC Financial Services Group Inc. Has $951,000 Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

PNC Financial Services Group Inc. lessened its holdings in Landstar System, Inc. (NASDAQ:LSTRFree Report) by 5.5% during the fourth quarter, HoldingsChannel reports. The firm owned 4,909 shares of the transportation company’s stock after selling 288 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Landstar System were worth $951,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. SRS Capital Advisors Inc. lifted its stake in Landstar System by 209.7% in the 4th 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 during the last quarter. Montag A & Associates Inc. bought a new position in shares of Landstar System in the 4th quarter valued at $48,000. GAMMA Investing LLC acquired a new stake in shares of Landstar System during the 4th quarter valued at $58,000. Larson Financial Group LLC grew its position in Landstar System by 77.8% during the 4th quarter. Larson Financial Group LLC now owns 496 shares of the transportation company’s stock worth $96,000 after acquiring an additional 217 shares during the last quarter. Finally, Principal Securities Inc. acquired a new position in Landstar System in the 4th quarter worth about $107,000. Institutional investors own 97.95% of the company’s stock.

Landstar System Trading Up 1.3 %

NASDAQ:LSTR opened at $178.15 on Friday. The firm has a fifty day simple moving average of $180.60 and a two-hundred day simple moving average of $185.10. Landstar System, Inc. has a 12 month low of $161.13 and a 12 month high of $208.62. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 27.41 and a beta of 0.86. 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, beating analysts’ consensus estimates of $1.28 by $0.04. Landstar System had a return on equity of 23.11% and a net margin of 4.63%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.12 billion. Analysts expect that Landstar System, Inc. will post 6.31 EPS for the current fiscal year.

Landstar System Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently commented on LSTR. Susquehanna cut their price target 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 reissued a “hold” rating on shares of Landstar System in a report on Friday, April 26th. UBS Group raised their price target on shares of Landstar System from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Raymond James assumed coverage on shares of Landstar System in a research note on Wednesday, May 15th. They issued an “outperform” rating and a $205.00 price objective on the stock. Finally, Stifel Nicolaus lowered their target price on Landstar System from $166.00 to $164.00 and set a “hold” rating for the company in a research report on Monday, April 29th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $183.00.

View Our Latest Analysis on Landstar System

Landstar System 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.

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

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