Parthenon LLC Has $13.15 Million Stake in Landstar System, Inc. (NASDAQ:LSTR)

Parthenon LLC reduced its stake in Landstar System, Inc. (NASDAQ:LSTR) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,884 shares of the transportation company’s stock after selling 465 shares during the period. Landstar System makes up approximately 1.8% of Parthenon LLC’s investment portfolio, making the stock its 15th biggest position. Parthenon LLC owned about 0.19% of Landstar System worth $13,146,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in LSTR. Mariner LLC increased its position in shares of Landstar System by 0.9% in the third quarter. Mariner LLC now owns 9,448 shares of the transportation company’s stock worth $1,672,000 after purchasing an additional 87 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Landstar System by 4.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 277,741 shares of the transportation company’s stock worth $53,784,000 after acquiring an additional 11,370 shares during the period. Royal Bank of Canada increased its stake in Landstar System by 6.3% in the third quarter. Royal Bank of Canada now owns 335,747 shares of the transportation company’s stock valued at $59,407,000 after acquiring an additional 19,920 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in Landstar System by 63.3% in the third quarter. Qube Research & Technologies Ltd now owns 205,239 shares of the transportation company’s stock valued at $36,315,000 after acquiring an additional 79,536 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Landstar System during the third quarter valued at approximately $630,000. Institutional investors own 97.95% of the company’s stock.

Analysts Set New Price Targets

LSTR has been the subject of several research analyst reports. Benchmark reissued a “hold” rating on shares of Landstar System in a research note on Friday. Susquehanna dropped their price objective on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday. Wells Fargo & Company boosted their target price on shares of Landstar System from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. Stifel Nicolaus dropped their price target on Landstar System from $166.00 to $164.00 and set a “hold” rating for the company in a research note on Monday. Finally, Wolfe Research upgraded Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 price objective on the stock in a research report on Wednesday, January 10th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Landstar System has an average rating of “Hold” and an average price target of $183.91.

Landstar System Trading Down 1.6 %

Shares of Landstar System stock traded down $2.82 during midday trading on Tuesday, reaching $174.41. The company had a trading volume of 295,636 shares, compared to its average volume of 277,062. The firm has a market cap of $6.24 billion, a PE ratio of 26.83, a P/E/G ratio of 4.69 and a beta of 0.83. The stock has a fifty day moving average price of $183.99 and a 200 day moving average price of $183.53. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.22 and a quick ratio of 2.00. Landstar System, Inc. has a fifty-two week low of $161.13 and a fifty-two week high of $208.62.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.12 billion. On average, equities analysts anticipate that Landstar System, Inc. will post 6.69 earnings per share for the current year.

Landstar System Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Wednesday, May 8th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $1.32 dividend on an annualized basis and a yield of 0.76%. Landstar System’s payout ratio is currently 20.31%.

Insider Transactions at Landstar System

In other Landstar System news, VP Michael K. Kneller sold 12,219 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $190.30, for a total value of $2,325,275.70. Following the transaction, the vice president now directly owns 61,127 shares of the company’s stock, valued at $11,632,468.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.75% of the company’s stock.

About Landstar System

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.