Quantbot Technologies LP bought a new position in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 3,116 shares of the transportation company's stock, valued at approximately $536,000.
Other hedge funds have also recently bought and sold shares of the company. Royal London Asset Management Ltd. increased its stake in Landstar System by 2.2% during the fourth quarter. Royal London Asset Management Ltd. now owns 84,472 shares of the transportation company's stock worth $14,517,000 after purchasing an additional 1,824 shares during the period. Brooklyn FI LLC purchased a new position in Landstar System in the fourth quarter valued at $386,000. Xponance Inc. grew its stake in Landstar System by 5.1% during the 4th quarter. Xponance Inc. now owns 4,048 shares of the transportation company's stock worth $696,000 after purchasing an additional 196 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Landstar System by 0.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 336,773 shares of the transportation company's stock valued at $57,878,000 after purchasing an additional 1,920 shares in the last quarter. Finally, Corient Private Wealth LLC raised its holdings in Landstar System by 1,207.3% in the fourth quarter. Corient Private Wealth LLC now owns 293,899 shares of the transportation company's stock valued at $50,509,000 after acquiring an additional 271,417 shares in the last quarter. Institutional investors and hedge funds own 97.95% of the company's stock.
Landstar System Stock Performance
LSTR traded down $0.14 during trading on Tuesday, hitting $150.06. 268,258 shares of the stock were exchanged, compared to its average volume of 274,994. The firm has a market capitalization of $5.30 billion, a P/E ratio of 27.18 and a beta of 0.82. Landstar System, Inc. has a 1-year low of $144.13 and a 1-year high of $196.86. The stock has a fifty day moving average price of $158.40 and a two-hundred day moving average price of $173.14. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07.
Landstar System (NASDAQ:LSTR - Get Free Report) 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 net margin of 4.07% and a return on equity of 19.56%. As a group, sell-side analysts predict that Landstar System, Inc. will post 6.1 earnings per share for the current year.
Landstar System Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Tuesday, February 18th. Landstar System's dividend payout ratio is currently 26.09%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on LSTR shares. Truist Financial started coverage on shares of Landstar System in a report on Thursday, March 13th. They issued a "hold" rating and a $160.00 price objective on the stock. JPMorgan Chase & Co. dropped their target price on Landstar System from $184.00 to $177.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. 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. Susquehanna lowered their price objective on Landstar System from $150.00 to $130.00 and set a "neutral" rating for the company in a research report on Wednesday, March 26th. Finally, Benchmark reissued a "hold" rating on shares of Landstar System in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the stock. According to MarketBeat.com, Landstar System currently has an average rating of "Hold" and a consensus target price of $166.73.
Get Our Latest Stock Report on Landstar System
About Landstar System
(
Free Report)
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.
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