Brooklyn FI LLC Invests $386,000 in Landstar System, Inc. (NASDAQ:LSTR)

Brooklyn FI LLC acquired a new position in Landstar System, Inc. (NASDAQ:LSTR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,112 shares of the transportation company's stock, valued at approximately $386,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in Landstar System during the 4th quarter worth approximately $25,000. HM Payson & Co. acquired a new stake in shares of Landstar System in the fourth quarter worth $26,000. Trust Co. of Vermont purchased a new position in shares of Landstar System during the fourth quarter worth $34,000. TD Private Client Wealth LLC raised its holdings in shares of Landstar System by 27.9% during the third quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company's stock worth $137,000 after purchasing an additional 158 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in Landstar System by 225.5% during the fourth quarter. Jones Financial Companies Lllp now owns 895 shares of the transportation company's stock valued at $154,000 after purchasing an additional 620 shares during the period. Institutional investors and hedge funds own 97.95% of the company's stock.

Landstar System Price Performance

Shares of Landstar System stock traded up $0.94 during mid-day trading on Monday, reaching $150.02. 356,661 shares of the stock traded hands, compared to its average volume of 263,740. 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 business has a 50-day moving average of $161.88 and a 200 day moving average of $174.70. The stock has a market capitalization of $5.30 billion, a PE ratio of 27.18 and a beta of 0.82. Landstar System, Inc. has a fifty-two week low of $144.13 and a fifty-two week high of $196.86.

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Landstar System (NASDAQ:LSTR - Get Free Report) last announced 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%. On average, analysts predict that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Tuesday, February 18th. Landstar System's dividend payout ratio (DPR) is 26.09%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Landstar System from $184.00 to $177.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. Benchmark reiterated a "hold" rating on shares of Landstar System in a research report on Friday, January 31st. 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. Finally, Truist Financial assumed coverage on shares of Landstar System in a research note on Thursday, March 13th. They set a "hold" rating and a $160.00 price objective on the stock. One investment analyst has rated the stock with a sell rating and twelve have given a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $169.45.

Landstar System 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.