Boston Partners Decreases Stake in Landstar System, Inc. (NASDAQ:LSTR)

Boston Partners reduced its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,463,868 shares of the transportation company's stock after selling 118,287 shares during the quarter. Boston Partners owned 4.14% of Landstar System worth $251,610,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Victory Capital Management Inc. raised its position in 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 worth $278,673,000 after purchasing an additional 11,146 shares during the last quarter. State Street Corp raised its position in shares of Landstar System by 1.4% during the third quarter. State Street Corp now owns 1,117,857 shares of the transportation company's stock worth $211,130,000 after acquiring an additional 15,328 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Landstar System by 5.1% during the third quarter. Geode Capital Management LLC now owns 813,546 shares of the transportation company's stock worth $153,685,000 after acquiring an additional 39,223 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of Landstar System by 10.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 429,928 shares of the transportation company's stock worth $81,201,000 after acquiring an additional 41,758 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Landstar System by 4.3% during the 4th quarter. Bank of New York Mellon Corp now owns 389,019 shares of the transportation company's stock worth $66,857,000 after purchasing an additional 15,986 shares during the last quarter. Institutional investors own 97.95% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Benchmark reissued a "hold" rating on shares of Landstar System in a research note on Friday, January 31st. Truist Financial initiated coverage on Landstar System in a research note on Thursday, March 13th. They issued a "hold" rating and a $160.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Landstar System from $184.00 to $177.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. Finally, Stifel Nicolaus boosted their target price on shares of Landstar System from $164.00 to $169.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating and twelve have given a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $169.45.

Landstar System Stock Up 1.7 %

Landstar System stock traded up $2.45 during trading on Friday, hitting $149.08. 1,381,449 shares of the company were exchanged, compared to its average volume of 263,367. The business's 50 day moving average is $161.88 and its 200 day moving average is $174.76. Landstar System, Inc. has a 52 week low of $144.13 and a 52 week high of $196.86. The company has a market capitalization of $5.26 billion, a P/E ratio of 27.01 and a beta of 0.82. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (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 predict that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Tuesday, February 18th. Landstar System's dividend payout ratio is presently 26.09%.

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.