Parthenon LLC Reduces Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Parthenon LLC cut its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,884 shares of the transportation company’s stock after selling 465 shares during the period. Landstar System accounts for 1.8% of Parthenon LLC’s portfolio, making the stock its 15th largest holding. Parthenon LLC’s holdings in Landstar System were worth $13,146,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Larson Financial Group LLC bought a new stake in Landstar System during the 3rd quarter worth approximately $49,000. GAMMA Investing LLC bought a new stake in shares of Landstar System during the 4th quarter valued at $58,000. Cary Street Partners Investment Advisory LLC lifted its stake 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 buying an additional 315 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in Landstar System by 17.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 616 shares of the transportation company’s stock worth $119,000 after buying an additional 92 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Landstar System by 18.7% during the fourth quarter. Blue Trust Inc. now owns 755 shares of the transportation company’s stock valued at $134,000 after acquiring an additional 119 shares during the period. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Insider Buying and Selling

In related news, VP Michael K. Kneller sold 12,219 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the completion of the sale, the vice president now directly owns 61,127 shares of the company’s stock, valued at approximately $11,632,468.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.75% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on LSTR shares. Susquehanna cut their target price on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday. Wells Fargo & Company lifted their price objective on shares of Landstar System from $165.00 to $180.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. Wolfe Research upgraded shares of Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 target price for the company in a research report on Wednesday, January 10th. UBS Group lifted their price target on shares of Landstar System from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. Finally, Stifel Nicolaus dropped their price objective on shares of Landstar System from $166.00 to $164.00 and set a “hold” rating for the company in a report on Monday. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Landstar System has an average rating of “Hold” and an average price target of $183.91.

Landstar System Trading Down 1.6 %

Shares of NASDAQ:LSTR traded down $2.82 during trading on Tuesday, hitting $174.41. The company had a trading volume of 295,636 shares, compared to its average volume of 277,062. The stock has a market cap of $6.24 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 4.69 and a beta of 0.83. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.22 and a quick ratio of 2.00. The company has a fifty day simple moving average of $183.99 and a two-hundred day simple moving average of $183.53. Landstar System, Inc. has a one year low of $161.13 and a one year high of $208.62.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.12 billion. As a group, equities analysts forecast that Landstar System, Inc. will post 6.69 earnings per share for the current year.

Landstar System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Wednesday, May 8th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $1.32 annualized dividend and a yield of 0.76%. Landstar System’s payout ratio is 20.31%.

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.