Legato Capital Management LLC Sells 8,803 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Legato Capital Management LLC decreased its position in Landstar System, Inc. (NASDAQ:LSTR) by 63.4% during the fourth quarter, HoldingsChannel reports. The firm owned 5,092 shares of the transportation company’s stock after selling 8,803 shares during the quarter. Legato Capital Management LLC’s holdings in Landstar System were worth $875,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of LSTR. Golden State Wealth Management LLC bought a new position in Landstar System during the fourth quarter worth $25,000. Trust Co. of Vermont bought a new stake in Landstar System in the 4th quarter valued at $34,000. Whittier Trust Co. of Nevada Inc. increased its holdings in Landstar System by 431.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock valued at $83,000 after buying an additional 358 shares during the period. TD Private Client Wealth LLC increased its holdings 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 valued at $137,000 after buying an additional 158 shares during the period. Finally, Huntington National Bank increased its holdings in Landstar System by 11.5% in the 3rd quarter. Huntington National Bank now owns 924 shares of the transportation company’s stock valued at $175,000 after buying an additional 95 shares during the period. Institutional investors own 97.95% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Raymond James lowered shares of Landstar System from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. UBS Group upped their target price on shares of Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Evercore ISI lowered their target price on shares of Landstar System from $165.00 to $160.00 and set an “in-line” rating on the stock in a report on Wednesday, October 30th. Finally, Stifel Nicolaus upped their target price on shares of Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $170.40.

Landstar System Stock Down 0.0 %

Shares of NASDAQ:LSTR opened at $159.79 on Friday. Landstar System, Inc. has a 12 month low of $157.99 and a 12 month high of $196.86. The company’s 50-day moving average price is $173.08 and its two-hundred day moving average price is $180.57. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. The firm has a market cap of $5.65 billion, a P/E ratio of 28.95 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data 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 return on equity of 19.56% and a net margin of 4.07%. As a group, research analysts forecast that Landstar System, Inc. will post 6.2 EPS for the current fiscal year.

Landstar System Announces Dividend

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