Corient Private Wealth LLC boosted its holdings in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 1,207.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 293,899 shares of the transportation company's stock after purchasing an additional 271,417 shares during the quarter. Corient Private Wealth LLC owned approximately 0.83% of Landstar System worth $50,509,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC acquired a new stake in shares of Landstar System during the 4th quarter worth approximately $25,000. HM Payson & Co. acquired a new stake in Landstar System in the fourth quarter worth $26,000. Trust Co. of Vermont acquired a new stake in Landstar System in the fourth quarter worth $34,000. TD Private Client Wealth LLC lifted its stake in Landstar System by 27.9% in the third quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company's stock valued at $137,000 after buying an additional 158 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings 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 valued at $154,000 after acquiring an additional 620 shares during the period. Institutional investors own 97.95% of the company's stock.
Wall Street Analyst Weigh In
LSTR has been the topic of a number of analyst reports. Truist Financial initiated coverage on shares of Landstar System in a report on Thursday, March 13th. They issued a "hold" rating and a $160.00 price objective on the stock. Benchmark restated a "hold" rating on shares of Landstar System in a research note on Friday, January 31st. 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 report on Thursday, January 30th. Finally, Stifel Nicolaus raised their target price on Landstar System from $164.00 to $169.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating and twelve have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $169.45.
View Our Latest Research Report on Landstar System
Landstar System Price Performance
Landstar System stock traded up $2.45 during midday trading on Friday, hitting $149.08. The company's stock had a trading volume of 1,381,449 shares, compared to its average volume of 263,842. Landstar System, Inc. has a 12 month low of $144.13 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's 50-day moving average price is $162.21 and its 200-day moving average price is $175.05. The company has a market capitalization of $5.26 billion, a PE ratio of 27.01 and a beta of 0.82.
Landstar System (NASDAQ:LSTR - Get Free Report) last released its 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 return on equity of 19.56% and a net margin of 4.07%. Analysts anticipate that Landstar System, Inc. will post 6.1 earnings per share 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 paid 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 was Tuesday, February 18th. Landstar System's dividend payout ratio is presently 26.09%.
About Landstar System
(
Free Report)
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.
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