Franklin Resources Inc. Has $10.88 Million Position in Landstar System, Inc. (NASDAQ:LSTR)

Franklin Resources Inc. boosted its stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,296 shares of the transportation company's stock after buying an additional 5,119 shares during the quarter. Franklin Resources Inc. owned 0.18% of Landstar System worth $10,878,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Stifel Financial Corp grew its holdings in Landstar System by 0.8% during the 3rd quarter. Stifel Financial Corp now owns 85,120 shares of the transportation company's stock valued at $16,077,000 after buying an additional 696 shares during the last quarter. State Street Corp increased its position in Landstar System by 1.4% during the 3rd quarter. State Street Corp now owns 1,117,857 shares of the transportation company's stock worth $211,130,000 after purchasing an additional 15,328 shares in the last quarter. National Bank of Canada FI raised its stake in Landstar System by 346.8% in the 3rd quarter. National Bank of Canada FI now owns 6,179 shares of the transportation company's stock valued at $1,167,000 after purchasing an additional 4,796 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Landstar System during the 3rd quarter worth about $1,084,000. Finally, MML Investors Services LLC grew its holdings in shares of Landstar System by 17.7% during the third quarter. MML Investors Services LLC now owns 3,551 shares of the transportation company's stock worth $671,000 after buying an additional 534 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on LSTR shares. TD Cowen dropped their target price on Landstar System from $161.00 to $145.00 and set a "hold" rating for the company in a research note on Thursday, April 3rd. Benchmark reiterated a "hold" rating on shares of Landstar System in a report on Monday. Jefferies Financial Group dropped their price target on shares of Landstar System from $170.00 to $150.00 and set a "hold" rating for the company in a research report on Friday. Truist Financial decreased their target price on Landstar System from $160.00 to $150.00 and set a "hold" rating for the company in a report on Thursday, April 3rd. Finally, Susquehanna dropped their price target on shares of Landstar System from $130.00 to $120.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $158.75.

Landstar System Price Performance

Landstar System stock traded up $2.52 during trading hours on Monday, hitting $142.55. 46,217 shares of the company traded hands, compared to its average volume of 281,083. The firm's 50-day simple moving average is $151.93 and its two-hundred day simple moving average is $170.08. 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 firm has a market cap of $4.98 billion, a P/E ratio of 25.82 and a beta of 0.88. Landstar System, Inc. has a 1-year low of $128.99 and a 1-year high of $196.86.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. As a group, analysts forecast that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

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 $0.36 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.44 annualized dividend and a dividend yield of 1.01%. Landstar System's dividend payout ratio (DPR) is presently 26.09%.

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.