American Century Companies Inc. Has $12.39 Million Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

American Century Companies Inc. lifted its stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 7.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 72,069 shares of the transportation company's stock after purchasing an additional 5,055 shares during the quarter. American Century Companies Inc. owned 0.20% of Landstar System worth $12,386,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LSTR. Raymond James Financial Inc. bought a new position in Landstar System in the fourth quarter valued at about $63,816,000. Corient Private Wealth LLC increased its holdings in Landstar System by 1,207.3% in the 4th quarter. Corient Private Wealth LLC now owns 293,899 shares of the transportation company's stock worth $50,509,000 after purchasing an additional 271,417 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Landstar System in the fourth quarter valued at about $8,463,000. Boston Trust Walden Corp boosted its stake in shares of Landstar System by 21.1% during the fourth quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company's stock valued at $47,695,000 after purchasing an additional 48,312 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Landstar System by 24.0% during the third quarter. Janus Henderson Group PLC now owns 232,924 shares of the transportation company's stock worth $43,992,000 after purchasing an additional 45,147 shares during the last quarter. Institutional investors own 97.95% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. TD Cowen cut their target price on shares of Landstar System from $161.00 to $145.00 and set a "hold" rating on the stock in a research report on Thursday. Benchmark reissued a "hold" rating on shares of Landstar System in a research note on Thursday. Susquehanna decreased their price objective on Landstar System from $150.00 to $130.00 and set a "neutral" rating for the company in a report on Wednesday, March 26th. Truist Financial cut their target price on Landstar System from $160.00 to $150.00 and set a "hold" rating on the stock in a report on Thursday. Finally, Stifel Nicolaus raised their price objective on Landstar System from $164.00 to $169.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. According to data from MarketBeat, Landstar System presently has a consensus rating of "Hold" and an average price target of $160.45.

Landstar System Trading Down 1.4 %

Shares of Landstar System stock traded down $1.99 on Friday, reaching $136.64. 562,916 shares of the company's stock were exchanged, compared to its average volume of 278,414. The company has a market capitalization of $4.83 billion, a P/E ratio of 24.75 and a beta of 0.88. Landstar System, Inc. has a 52 week low of $132.41 and a 52 week 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 firm's 50-day moving average is $156.41 and its two-hundred day moving average is $172.27.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. Sell-side analysts predict that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Tuesday, February 18th. Landstar System's dividend payout ratio (DPR) is currently 26.09%.

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.