Landstar System, Inc. (NASDAQ:LSTR) Shares Sold by Entropy Technologies LP

Entropy Technologies LP reduced its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 31.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,482 shares of the transportation company’s stock after selling 1,600 shares during the period. Entropy Technologies LP’s holdings in Landstar System were worth $598,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in LSTR. Wedge Capital Management L L P NC raised its stake in shares of Landstar System by 0.6% in the third quarter. Wedge Capital Management L L P NC now owns 17,805 shares of the transportation company’s stock valued at $3,363,000 after acquiring an additional 99 shares in the last quarter. Wesbanco Bank Inc. increased its holdings in Landstar System by 9.5% during the 3rd quarter. Wesbanco Bank Inc. now owns 2,888 shares of the transportation company’s stock worth $545,000 after purchasing an additional 250 shares during the period. Roberts Wealth Advisors LLC raised its position in Landstar System by 3.8% in the 3rd quarter. Roberts Wealth Advisors LLC now owns 4,556 shares of the transportation company’s stock valued at $848,000 after purchasing an additional 167 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of Landstar System in the 3rd quarter valued at about $378,000. Finally, Cardinal Capital Management grew its position in shares of Landstar System by 8.3% during the third quarter. Cardinal Capital Management now owns 21,534 shares of the transportation company’s stock worth $4,067,000 after buying an additional 1,655 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Landstar System Stock Up 0.7 %

LSTR opened at $161.17 on Wednesday. Landstar System, Inc. has a one year low of $158.78 and a one year high of $196.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96. The stock has a market capitalization of $5.69 billion, a P/E ratio of 29.20 and a beta of 0.83. The business’s 50-day simple moving average is $174.09 and its 200-day simple moving average is $180.93.

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 Announces Dividend

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 given a $0.36 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.44 annualized dividend and a yield of 0.89%. Landstar System’s dividend payout ratio (DPR) is 26.09%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Raymond James cut shares of Landstar System from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Susquehanna reduced their price objective on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. JPMorgan Chase & Co. lowered their target price on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Benchmark reissued a “hold” rating on shares of Landstar System in a report on Friday, January 31st. Finally, Stifel Nicolaus lifted their price target on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating and eleven have given a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $170.40.

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.