GHP Investment Advisors Inc. Sells 3,056 Shares of Landstar System, Inc. (NASDAQ:LSTR)

GHP Investment Advisors Inc. lowered its stake in Landstar System, Inc. (NASDAQ:LSTR) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,452 shares of the transportation company’s stock after selling 3,056 shares during the period. GHP Investment Advisors Inc. owned 0.17% of Landstar System worth $10,389,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Robertson Stephens Wealth Management LLC boosted its position in Landstar System by 34.0% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,980 shares of the transportation company’s stock worth $340,000 after buying an additional 502 shares during the period. Confluence Wealth Services Inc. lifted its holdings in shares of Landstar System by 16.9% during the fourth quarter. Confluence Wealth Services Inc. now owns 6,591 shares of the transportation company’s stock worth $1,161,000 after purchasing an additional 952 shares during the period. Trust Point Inc. grew its stake in shares of Landstar System by 37.0% in the fourth quarter. Trust Point Inc. now owns 2,446 shares of the transportation company’s stock worth $420,000 after purchasing an additional 660 shares during the last quarter. Boston Trust Walden Corp increased its holdings in Landstar System by 21.1% in the fourth quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company’s stock valued at $47,695,000 after purchasing an additional 48,312 shares during the period. Finally, KBC Group NV raised its position in Landstar System by 40.9% during the 4th quarter. KBC Group NV now owns 1,417 shares of the transportation company’s stock worth $244,000 after purchasing an additional 411 shares during the last quarter. Institutional investors own 97.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LSTR shares. TD Cowen cut their price objective on Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. The Goldman Sachs Group reduced their price objective on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. Stephens lowered their target price 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. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. Finally, Evercore ISI lowered their price objective on Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $170.40.

Landstar System Stock Performance

NASDAQ LSTR opened at $162.00 on Thursday. The company’s 50 day simple moving average is $175.66 and its two-hundred day simple moving average is $181.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. Landstar System, Inc. has a 1 year low of $159.87 and a 1 year high of $196.86. The stock has a market capitalization of $5.72 billion, a PE ratio of 29.35 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (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%. Analysts predict that Landstar System, Inc. will post 6.42 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

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 $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Tuesday, February 18th. Landstar System’s payout ratio is presently 26.09%.

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.