Dimensional Fund Advisors LP Sells 5,657 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Posted by on May 23rd, 2023

Dimensional Fund Advisors LP lessened its holdings in Landstar System, Inc. (NASDAQ:LSTR – Get Rating) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 576,147 shares of the transportation company’s stock after selling 5,657 shares during the period. Dimensional Fund Advisors LP owned 1.60% of Landstar System worth $93,857,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. HighTower Advisors LLC grew its holdings in shares of Landstar System by 4.7% during the 1st quarter. HighTower Advisors LLC now owns 7,370 shares of the transportation company’s stock worth $1,105,000 after purchasing an additional 334 shares in the last quarter. Private Advisor Group LLC boosted its stake in Landstar System by 2.6% in the first quarter. Private Advisor Group LLC now owns 3,707 shares of the transportation company’s stock valued at $559,000 after buying an additional 95 shares in the last quarter. Bank of Montreal Can boosted its stake in Landstar System by 5.7% in the first quarter. Bank of Montreal Can now owns 9,033 shares of the transportation company’s stock valued at $1,408,000 after buying an additional 485 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in Landstar System by 87.1% in the first quarter. Panagora Asset Management Inc. now owns 2,245 shares of the transportation company’s stock valued at $339,000 after buying an additional 1,045 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Landstar System by 9.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,814 shares of the transportation company’s stock valued at $2,084,000 after buying an additional 1,179 shares in the last quarter. Institutional investors own 98.90% of the company’s stock.

Landstar System Stock Down 1.3 %

LSTR stock opened at $175.03 on Tuesday. The stock’s fifty day simple moving average is $176.76 and its two-hundred day simple moving average is $173.71. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.06. Landstar System, Inc. has a 1-year low of $137.15 and a 1-year high of $188.46. The stock has a market cap of $6.29 billion, a P/E ratio of 16.54, a P/E/G ratio of 1.71 and a beta of 0.90.

Landstar System (NASDAQ:LSTR – Get Rating) last issued its quarterly earnings results on Wednesday, April 26th. The transportation company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.10. Landstar System had a return on equity of 43.26% and a net margin of 5.57%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the firm earned $3.34 EPS. The business’s revenue for the quarter was down 27.1% compared to the same quarter last year. Analysts expect that Landstar System, Inc. will post 8.65 EPS for the current year.

Landstar System Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 26th. Stockholders of record on Thursday, May 4th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 3rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.69%. Landstar System’s dividend payout ratio is presently 11.34%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Stephens increased their target price on Landstar System from $180.00 to $195.00 and gave the company an “equal weight” rating in a research report on Friday, February 3rd. Raymond James raised Landstar System from a “market perform” rating to an “outperform” rating and set a $200.00 price objective on the stock in a research note on Monday, February 6th. Morgan Stanley lifted their price objective on Landstar System from $140.00 to $146.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 4th. Robert W. Baird lifted their price objective on Landstar System from $160.00 to $180.00 in a research note on Friday, February 3rd. Finally, Susquehanna cut their price objective on Landstar System from $170.00 to $155.00 in a research note on Friday, April 28th. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $166.83.

About Landstar System

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Landstar System, Inc engages in the provision of transportation management solutions. It operates through the following segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers transportation services including truckload and less-than-truckload transportation, rail intermodal, air and ocean cargo, project cargo, and customs brokerage.

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

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