Charles Schwab Investment Management Inc. Acquires 2,346 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Charles Schwab Investment Management Inc. boosted its position in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 364,998 shares of the transportation company's stock after acquiring an additional 2,346 shares during the period. Charles Schwab Investment Management Inc. owned 1.03% of Landstar System worth $62,729,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC grew its holdings in Landstar System by 11.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,935 shares of the transportation company's stock worth $504,000 after acquiring an additional 300 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Landstar System by 225.5% during the 4th 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 in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Landstar System during the 4th quarter valued at about $8,463,000. NewEdge Wealth LLC boosted its stake in shares of Landstar System by 3.9% during the 4th quarter. NewEdge Wealth LLC now owns 20,383 shares of the transportation company's stock valued at $3,503,000 after purchasing an additional 762 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of 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 valued at $66,857,000 after purchasing an additional 15,986 shares in the last quarter. Institutional investors own 97.95% of the company's stock.

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Landstar System Stock Up 0.9 %

Landstar System stock traded up $1.39 during trading hours on Friday, hitting $150.41. The stock had a trading volume of 331,821 shares, compared to its average volume of 257,730. 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 market capitalization of $5.31 billion, a P/E ratio of 27.25 and a beta of 0.82. Landstar System, Inc. has a 12-month low of $147.59 and a 12-month high of $196.86. The stock's 50-day moving average price is $163.83 and its 200-day moving average price is $175.94.

Landstar System (NASDAQ:LSTR - Get Free Report) last released its quarterly earnings data 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 net margin of 4.07% and a return on equity of 19.56%. Equities research analysts anticipate that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.44 annualized dividend and a dividend yield of 0.96%. Landstar System's payout ratio is 26.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on LSTR shares. Stifel Nicolaus lifted their target price on shares of Landstar System from $164.00 to $169.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Truist Financial started coverage on shares of Landstar System in a research note on Thursday. They set a "hold" rating and a $160.00 target price on the stock. Benchmark reaffirmed a "hold" rating on shares of Landstar System in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their price target 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. 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 company 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.