Caisse Des Depots ET Consignations Takes Position in Landstar System, Inc. (NASDAQ:LSTR)

Caisse Des Depots ET Consignations purchased a new stake in Landstar System, Inc. (NASDAQ:LSTR - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,888 shares of the transportation company's stock, valued at approximately $1,012,000.

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

Landstar System Price Performance

NASDAQ LSTR traded up $0.73 during trading hours on Tuesday, reaching $150.93. The company's stock had a trading volume of 78,043 shares, compared to its average volume of 274,058. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 27.37 and a beta of 0.82. The company's 50-day moving average is $158.95 and its two-hundred day moving average is $173.37. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. Landstar System, Inc. has a 1-year low of $144.13 and a 1-year 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 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, equities analysts predict that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a $0.36 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.44 annualized dividend and a dividend yield of 0.95%. Landstar System's dividend payout ratio (DPR) is 26.09%.

Analyst Ratings Changes

LSTR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price 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. 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 objective for the company. Susquehanna dropped their target price on Landstar System from $150.00 to $130.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 26th. Stifel Nicolaus raised their price target on shares of Landstar System from $164.00 to $169.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Finally, Benchmark restated a "hold" rating on shares of Landstar System in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $166.73.

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.