Landstar System, Inc. (NASDAQ:LSTR) Shares Purchased by Atria Investments Inc

Atria Investments Inc lifted its position in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 22.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,897 shares of the transportation company's stock after purchasing an additional 2,149 shares during the quarter. Atria Investments Inc's holdings in Landstar System were worth $2,045,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Assetmark Inc. lifted its position in Landstar System by 3.0% during the fourth quarter. Assetmark Inc. now owns 39,425 shares of the transportation company's stock valued at $6,776,000 after purchasing an additional 1,133 shares during the period. Victory Capital Management Inc. raised its stake in shares of Landstar System by 0.7% during the 4th quarter. Victory Capital Management Inc. now owns 1,621,511 shares of the transportation company's stock valued at $278,673,000 after buying an additional 11,146 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Landstar System by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 364,998 shares of the transportation company's stock valued at $62,729,000 after buying an additional 2,346 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of Landstar System by 11.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,935 shares of the transportation company's stock worth $504,000 after buying an additional 300 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in Landstar System by 225.5% during the fourth quarter. Jones Financial Companies Lllp now owns 895 shares of the transportation company's stock worth $154,000 after acquiring an additional 620 shares during the period. Institutional investors and hedge funds own 97.95% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Stifel Nicolaus boosted their price target on Landstar System from $164.00 to $169.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Raymond James cut shares of Landstar System from an "outperform" rating to a "market perform" rating in a research note on Friday, November 15th. JPMorgan Chase & Co. dropped their price target on shares of Landstar System from $184.00 to $177.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. Truist Financial started coverage on shares of Landstar System in a research report on Thursday. They issued a "hold" rating and a $160.00 price objective for the company. Finally, Benchmark restated 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 given a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $169.45.

Landstar System Price Performance

Shares of Landstar System stock traded down $1.73 during mid-day trading on Thursday, reaching $149.02. 301,313 shares of the stock traded hands, compared to its average volume of 259,476. The stock has a market capitalization of $5.26 billion, a PE ratio of 27.00 and a beta of 0.82. The business has a 50-day moving average of $164.70 and a 200 day moving average of $176.41. Landstar System, Inc. has a fifty-two week low of $148.27 and a fifty-two week high of $196.86. 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 posted its quarterly earnings data 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%. On average, analysts predict that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Tuesday, February 18th. This represents a $1.44 annualized dividend and a yield of 0.97%. Landstar System's dividend payout ratio is presently 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.