Retirement Systems of Alabama Reduces Stake in Landstar System, Inc. (NASDAQ:LSTR)

Retirement Systems of Alabama lessened its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 0.2% in the fourth quarter, Holdings Channel reports. The fund owned 42,960 shares of the transportation company’s stock after selling 106 shares during the quarter. Retirement Systems of Alabama’s holdings in Landstar System were worth $7,383,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of LSTR. Trust Co. of Vermont bought a new stake in shares of Landstar System during the fourth quarter valued at approximately $34,000. Whittier Trust Co. of Nevada Inc. grew its stake in Landstar System by 431.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock valued at $83,000 after acquiring an additional 358 shares in the last quarter. GAMMA Investing LLC increased its holdings in Landstar System by 14.1% in the 3rd quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock valued at $107,000 after acquiring an additional 70 shares during the last quarter. TD Private Client Wealth LLC lifted 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 worth $137,000 after purchasing an additional 158 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in shares of Landstar System by 11.5% during 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 last quarter. Institutional investors own 97.95% of the company’s stock.

Landstar System Trading Down 1.1 %

LSTR opened at $159.41 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96. Landstar System, Inc. has a one year low of $158.78 and a one year high of $196.86. The business’s 50-day simple moving average is $174.63 and its 200-day simple moving average is $181.16. The company has a market cap of $5.63 billion, a P/E ratio of 28.88 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share 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%. As a group, equities research analysts expect that Landstar System, Inc. will post 6.2 EPS for the current fiscal year.

Landstar System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.44 annualized dividend and a yield of 0.90%. Landstar System’s dividend payout ratio is currently 26.09%.

Analysts Set New Price Targets

A number of equities analysts have commented on LSTR shares. Stephens dropped their price objective on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. Raymond James lowered Landstar System from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. UBS Group upped their price objective on Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Stifel Nicolaus raised their price objective on Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Finally, TD Cowen cut their target price on Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating and eleven have issued a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $170.40.

Landstar System 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.