WCM Investment Management LLC Lowers Stock Holdings in Landstar System, Inc. (NASDAQ:LSTR)

WCM Investment Management LLC reduced its position in Landstar System, Inc. (NASDAQ:LSTR) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,373 shares of the transportation company’s stock after selling 4,954 shares during the quarter. WCM Investment Management LLC’s holdings in Landstar System were worth $26,796,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in shares of Landstar System in the fourth quarter valued at approximately $25,000. Trust Co. of Vermont acquired a new position in shares of Landstar System in the fourth quarter worth $34,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Landstar System by 431.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock worth $83,000 after acquiring an additional 358 shares during the period. GAMMA Investing LLC raised its stake in shares of Landstar System by 14.1% in the third quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock valued at $107,000 after acquiring an additional 70 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its holdings in Landstar System by 27.9% in the third quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 158 shares during the period. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Landstar System Stock Down 1.1 %

LSTR opened at $159.41 on Friday. The stock has a market capitalization of $5.63 billion, a P/E ratio of 28.88 and a beta of 0.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96. Landstar System, Inc. has a one year low of $158.78 and a one year high of $196.86. The business’s 50-day simple moving average is $174.63 and its 200-day simple moving average is $181.18.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. Analysts anticipate that Landstar System, Inc. will post 6.2 EPS for the current year.

Landstar System Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be paid 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%.

Wall Street Analysts Forecast Growth

LSTR has been the topic of a number of analyst reports. Stephens reduced their price target on Landstar System from $190.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. UBS Group raised their target price on shares of Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Stifel Nicolaus raised their price objective on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. TD Cowen lowered their target price on shares of Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. Finally, Susquehanna decreased their price target on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, November 1st. One analyst has rated the stock with a sell rating and eleven have issued a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $170.40.

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 services.