Blair William & Co. IL Increases Position in Landstar System, Inc. (NASDAQ:LSTR)

Blair William & Co. IL grew its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 66.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,034 shares of the transportation company's stock after purchasing an additional 6,012 shares during the quarter. Blair William & Co. IL's holdings in Landstar System were worth $2,584,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Citigroup Inc. raised its holdings in Landstar System by 21.2% in the 3rd quarter. Citigroup Inc. now owns 19,184 shares of the transportation company's stock worth $3,623,000 after purchasing an additional 3,354 shares during the period. Cerity Partners LLC raised its stake in shares of Landstar System by 63.4% in the third quarter. Cerity Partners LLC now owns 5,507 shares of the transportation company's stock worth $1,040,000 after buying an additional 2,137 shares during the period. Bank of Montreal Can lifted its position in shares of Landstar System by 191.4% during the 3rd quarter. Bank of Montreal Can now owns 25,654 shares of the transportation company's stock valued at $4,796,000 after buying an additional 16,850 shares in the last quarter. FMR LLC grew its stake in shares of Landstar System by 8.6% during the 3rd quarter. FMR LLC now owns 162,222 shares of the transportation company's stock valued at $30,639,000 after acquiring an additional 12,894 shares during the period. Finally, Townsquare Capital LLC purchased a new stake in Landstar System in the 3rd quarter worth approximately $351,000. Institutional investors own 97.95% of the company's stock.

Remove Ads

Landstar System Price Performance

Landstar System stock traded down $1.99 during mid-day trading on Friday, reaching $136.64. 562,916 shares of the company's stock traded hands, compared to its average volume of 278,414. Landstar System, Inc. has a 12-month low of $132.41 and a 12-month 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. The stock has a 50 day moving average of $156.41 and a two-hundred day moving average of $172.27. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 24.75 and a beta of 0.88.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced 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 net margin of 4.07% and a return on equity of 19.56%. Equities analysts forecast that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Announces Dividend

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. The ex-dividend date was Tuesday, February 18th. This represents a $1.44 annualized dividend and a yield of 1.05%. Landstar System's payout ratio is presently 26.09%.

Analysts Set New Price Targets

A number of research firms have weighed in on LSTR. Truist Financial dropped their price target on shares of Landstar System from $160.00 to $150.00 and set a "hold" rating for the company in a research report on Thursday. TD Cowen dropped their target price on shares of Landstar System from $161.00 to $145.00 and set a "hold" rating for the company in a report on Thursday. JPMorgan Chase & Co. decreased their price target on Landstar System from $177.00 to $147.00 and set a "neutral" rating on the stock in a report on Thursday. Stifel Nicolaus upped their price objective on Landstar System from $164.00 to $169.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Finally, Susquehanna decreased their target price on Landstar System from $150.00 to $130.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $160.45.

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.