Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its position in Landstar System, Inc. (NASDAQ:LSTR) by 2.0% in the first quarter, HoldingsChannel.com reports. The firm owned 7,068 shares of the transportation company’s stock after selling 146 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Landstar System were worth $773,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LSTR. Intercontinental Wealth Advisors LLC acquired a new stake in Landstar System in the fourth quarter worth approximately $50,000. Essex Savings Bank acquired a new stake in Landstar System in the fourth quarter worth approximately $67,000. Penserra Capital Management LLC acquired a new stake in Landstar System in the fourth quarter worth approximately $79,000. Quantamental Technologies LLC acquired a new stake in Landstar System in the fourth quarter worth approximately $116,000. Finally, Park National Corp OH bought a new position in shares of Landstar System in the first quarter valued at $201,000. Hedge funds and other institutional investors own 98.65% of the company’s stock.

NASDAQ LSTR opened at $103.41 on Friday. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 16.73, a P/E/G ratio of 1.38 and a beta of 1.17. Landstar System, Inc. has a 1 year low of $90.23 and a 1 year high of $128.70. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.10.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.06. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Landstar System had a return on equity of 37.24% and a net margin of 5.68%. The firm’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.37 earnings per share. As a group, analysts anticipate that Landstar System, Inc. will post 6.41 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 9th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.64%. The ex-dividend date is Wednesday, May 8th. Landstar System’s dividend payout ratio (DPR) is currently 10.68%.

In other Landstar System news, COO Joseph J. Beacom sold 5,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $114.12, for a total transaction of $570,600.00. Following the sale, the chief operating officer now directly owns 45,924 shares of the company’s stock, valued at approximately $5,240,846.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Patrick J. O’malley sold 23,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $110.82, for a total transaction of $2,548,860.00. Following the sale, the chief marketing officer now directly owns 20,929 shares in the company, valued at $2,319,351.78. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

LSTR has been the topic of several research reports. Cowen reaffirmed a “hold” rating and issued a $100.00 price target on shares of Landstar System in a report on Wednesday, January 30th. BidaskClub raised Landstar System from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th. Buckingham Research set a $115.00 price target on Landstar System and gave the company a “hold” rating in a report on Saturday, February 2nd. Finally, Stifel Nicolaus upped their price target on Landstar System from $119.00 to $123.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $113.22.

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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 service providers.

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

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