DekaBank Deutsche Girozentrale Sells 43,280 Shares of Landstar System, Inc. (NASDAQ:LSTR)

DekaBank Deutsche Girozentrale reduced its position in Landstar System, Inc. (NASDAQ:LSTR) by 41.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 61,729 shares of the transportation company’s stock after selling 43,280 shares during the period. DekaBank Deutsche Girozentrale owned about 0.17% of Landstar System worth $11,469,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Mather Group LLC. bought a new position in shares of Landstar System during the first quarter worth approximately $27,000. SRS Capital Advisors Inc. increased its holdings in Landstar System by 209.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 192 shares of the transportation company’s stock valued at $37,000 after buying an additional 130 shares during the period. Montag A & Associates Inc. acquired a new position in shares of Landstar System in the 4th quarter valued at approximately $48,000. GAMMA Investing LLC acquired a new stake in shares of Landstar System during the 4th quarter worth approximately $58,000. Finally, Fidelis Capital Partners LLC bought a new position in Landstar System in the first quarter valued at approximately $86,000. Institutional investors and hedge funds own 97.95% of the company’s stock.

Landstar System Stock Down 1.2 %

LSTR traded down $2.21 during mid-day trading on Friday, reaching $184.59. 187,982 shares of the stock were exchanged, compared to its average volume of 309,661. The company has a 50 day moving average price of $182.84 and a two-hundred day moving average price of $184.85. The stock has a market capitalization of $6.54 billion, a PE ratio of 28.40 and a beta of 0.80. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.22 and a current ratio of 2.17. Landstar System, Inc. has a 1 year low of $161.13 and a 1 year high of $203.19.

Landstar System (NASDAQ:LSTR) last released its earnings results on Tuesday, July 30th. The transportation company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.02. Landstar System had a return on equity of 21.69% and a net margin of 4.49%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the company posted $1.85 earnings per share. Landstar System’s quarterly revenue was down 10.8% on a year-over-year basis. As a group, research analysts anticipate that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th will be given a $0.36 dividend. This is an increase from Landstar System’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Tuesday, August 20th. Landstar System’s dividend payout ratio (DPR) is currently 20.31%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LSTR. TD Cowen raised their target price on Landstar System from $171.00 to $176.00 and gave the company a “hold” rating in a report on Wednesday. Susquehanna boosted their target price on Landstar System from $160.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday. Evercore ISI lifted their price target on shares of Landstar System from $161.00 to $173.00 and gave the company an “in-line” rating in a report on Tuesday, June 25th. Morgan Stanley cut their target price on shares of Landstar System from $147.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, July 8th. Finally, Raymond James lowered their price target on shares of Landstar System from $205.00 to $195.00 and set an “outperform” rating for the company in a report on Wednesday. Twelve analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $179.73.

Landstar System Company 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.