Landstar System, Inc. (NASDAQ:LSTR) Holdings Lifted by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 817,938 shares of the transportation company's stock after purchasing an additional 4,392 shares during the quarter. Geode Capital Management LLC owned 2.32% of Landstar System worth $140,602,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Golden State Wealth Management LLC purchased a new stake in shares of Landstar System during the 4th quarter valued at about $25,000. HM Payson & Co. purchased a new stake in shares of Landstar System during the fourth quarter valued at approximately $26,000. Trust Co. of Vermont acquired a new position in shares of Landstar System during the fourth quarter worth $34,000. TD Private Client Wealth LLC boosted its stake 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 valued at $137,000 after purchasing an additional 158 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in 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. Hedge funds and other institutional investors own 97.95% of the company's stock.

Landstar System Stock Performance

Shares of Landstar System stock traded up $1.16 during trading hours on Friday, reaching $140.03. The company's stock had a trading volume of 468,165 shares, compared to its average volume of 281,737. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96. Landstar System, Inc. has a one year low of $128.99 and a one year high of $196.86. The company's 50 day simple moving average is $151.93 and its 200 day simple moving average is $170.18. The stock has a market cap of $4.89 billion, a P/E ratio of 25.37 and a beta of 0.88.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its 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 return on equity of 19.56% and a net margin of 4.07%. As a group, analysts expect 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. Investors of record on Tuesday, February 18th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a yield of 1.03%. Landstar System's payout ratio is currently 26.09%.

Analysts Set New Price Targets

LSTR has been the topic of a number of recent analyst reports. Benchmark reiterated a "hold" rating on shares of Landstar System in a report on Thursday, April 3rd. Susquehanna reduced their price target on Landstar System from $130.00 to $120.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Jefferies Financial Group lowered their price objective on Landstar System from $170.00 to $150.00 and set a "hold" rating for the company in a research note on Friday. TD Cowen cut their target price on Landstar System from $161.00 to $145.00 and set a "hold" rating on the stock in a research report on Thursday, April 3rd. Finally, 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. One equities research analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to MarketBeat, Landstar System has an average rating of "Hold" and an average target price of $158.75.

About Landstar System

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.