Twin Tree Management LP decreased its shares in Landstar System, Inc. (NASDAQ:LSTR – Free Report) by 78.7% in the first quarter, according to the company’s most recent filing with the SEC. The institutional investor owned 5,704 shares of the transportation company after selling 21,126 shares during the quarter. Twin Tree Management LP’s shares in Landstar System were worth $1,100,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Mather Group LLC. purchased a new stake in Landstar System during the first quarter worth approximately $27,000. SRS Capital Advisors Inc. increased its position in Landstar System by 209.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 192 shares of the transportation company’s stock worth $37,000 after purchasing an additional 130 shares during the last quarter. Montag A & Associates Inc. purchased a new position in Landstar System during the fourth quarter worth $48,000. GAMMA Investing LLC purchased a new position in Landstar System during the fourth quarter worth $58,000. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Landstar System during the first quarter worth $86,000. Institutional investors own 97.95% of the company’s stock.

Landstar System trades up 0.6%

LSTR shares opened at $184.00 on Friday. The company has a market cap of $6.58 billion, a price/earnings ratio of 28.31, and a beta of 0.80. Landstar System, Inc. has a 12-month low of $161.13 and a 12-month high of $208.62. The company’s 50-day moving average is $181.65 and its 200-day moving average is $184.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.22, and a quick ratio of 2.22.

Landstar System (NASDAQ:LSTR – Get Free Report) last released its earnings results on Wednesday, April 24. The transportation company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.04. Landstar System had a net margin of 4.63% and a return on equity of 23.11%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.12 billion. On average, analysts expect Landstar System, Inc. to post 6.24 EPS for the current year.

Landstar System Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Wednesday, May 8th were paid a dividend of $0.33 per share. This represents an annualized dividend of $1.32 and a yield of 0.72%. The ex-dividend date for this dividend was Tuesday, May 7th. Landstar System’s payout ratio is 20.31%.

Analyst Upgrades and Downgrades

LSTR has been the subject of several analyst reports. Stifel Nicolaus lowered their price target on shares of Landstar System from $166.00 to $164.00 and set a “hold” rating on the stock in a report on Monday, April 29th. Evercore ISI increased their price target on Landstar System from $161.00 to $173.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. Benchmark re-imposed a “hold” rating on shares of Landstar System in a research note on Friday, April 26th. Raymond James assumed coverage on Landstar System in a research report on Wednesday, May 15th. They gave the stock an “outperform” rating and a $205.00 price target. Finally, Wolfe Research lowered Landstar System from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 11th. Eleven research analysts have rated the stock with a hold rating and one has rated it with a buy rating. According to MarketBeat, Landstar System currently has an average rating of “Hold” and a consensus price target of $182.55.

Get our latest stock report on the Landstar System

About the Landstar System

(Free Report)

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 provides a range of transportation services, including truckload and less-than-truckload transportation, intermodal rail, air freight, ocean freight, expedited ground and air delivery of time-critical freight, heavy haul/specialized, cross-border U.S.-Canada and U.S.-Mexico, intra-Mexico, intra-Canada, project freight and customs brokerage, and also provides transportation services to other transportation companies, such as third-party logistics and less-than-truckload services.

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