SG Americas Securities LLC Sells 4,681 Shares of Landstar System, Inc. $LSTR

SG Americas Securities LLC cut its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 63.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,737 shares of the transportation company’s stock after selling 4,681 shares during the period. SG Americas Securities LLC’s holdings in Landstar System were worth $335,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of LSTR. Eukles Asset Management raised its position in shares of Landstar System by 1.1% in the second quarter. Eukles Asset Management now owns 10,053 shares of the transportation company’s stock valued at $1,398,000 after buying an additional 105 shares in the last quarter. MAI Capital Management increased its stake in Landstar System by 79.3% during the 2nd quarter. MAI Capital Management now owns 242 shares of the transportation company’s stock worth $34,000 after acquiring an additional 107 shares during the period. Vident Advisory LLC raised its holdings in Landstar System by 4.9% in the 2nd quarter. Vident Advisory LLC now owns 2,313 shares of the transportation company’s stock valued at $322,000 after acquiring an additional 107 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of Landstar System by 0.7% during the 2nd quarter. Treasurer of the State of North Carolina now owns 16,188 shares of the transportation company’s stock valued at $2,250,000 after acquiring an additional 112 shares during the period. Finally, Transce3nd LLC grew its holdings in shares of Landstar System by 34.8% during the 2nd quarter. Transce3nd LLC now owns 523 shares of the transportation company’s stock worth $73,000 after purchasing an additional 135 shares in the last quarter. Institutional investors own 97.95% of the company’s stock.

Landstar System Price Performance

Shares of NASDAQ:LSTR opened at $153.31 on Tuesday. Landstar System, Inc. has a one year low of $119.32 and a one year high of $179.51. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 2.01. The company has a market cap of $5.27 billion, a price-to-earnings ratio of 39.11 and a beta of 0.84. The firm has a 50 day simple moving average of $142.67 and a 200 day simple moving average of $134.47.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.02). Landstar System had a return on equity of 17.24% and a net margin of 2.87%.The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the company posted $1.41 earnings per share. The firm’s quarterly revenue was down .7% on a year-over-year basis. Research analysts predict that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Announces Dividend

The business also recently announced an annual dividend, which was paid on Wednesday, January 21st. Shareholders of record on Tuesday, January 6th were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Tuesday, January 6th. This represents a yield of 134.0%. Landstar System’s payout ratio is presently 40.82%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LSTR. Robert W. Baird set a $159.00 price target on Landstar System in a research note on Wednesday, January 7th. Zacks Research raised shares of Landstar System from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Susquehanna lifted their price objective on shares of Landstar System from $110.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Evercore ISI boosted their price objective on shares of Landstar System from $125.00 to $151.00 and gave the company an “in-line” rating in a research report on Monday, January 12th. Finally, Barclays upped their target price on Landstar System from $130.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $153.00.

About Landstar System

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.