Grantham Mayo Van Otterloo & Co. LLC Has $41.28 Million Stake in Landstar System, Inc. (NASDAQ:LSTR)

Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 240,169 shares of the transportation company's stock after buying an additional 10,886 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 0.68% of Landstar System worth $41,275,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC raised its holdings in shares of Landstar System by 8.6% during the 3rd quarter. FMR LLC now owns 162,222 shares of the transportation company's stock valued at $30,639,000 after buying an additional 12,894 shares during the period. State Street Corp increased its holdings in Landstar System by 1.4% in the third quarter. State Street Corp now owns 1,117,857 shares of the transportation company's stock valued at $211,130,000 after buying an additional 15,328 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Landstar System by 22.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 17,077 shares of the transportation company's stock valued at $2,935,000 after acquiring an additional 3,150 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Landstar System by 14.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,392 shares of the transportation company's stock valued at $927,000 after buying an additional 665 shares during the period. Finally, National Bank of Canada FI grew its holdings in shares of Landstar System by 346.8% during the third 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. Institutional investors and hedge funds own 97.95% of the company's stock.

Wall Street Analysts Forecast Growth

LSTR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price objective on Landstar System from $177.00 to $147.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. TD Cowen cut their target price on shares of 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 reissued a "hold" rating on shares of Landstar System in a research note on Thursday, April 3rd. Stifel Nicolaus boosted 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. Finally, Truist Financial lowered their price target on Landstar System from $160.00 to $150.00 and set a "hold" rating on the stock in a report on Thursday, April 3rd. 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 company currently has an average rating of "Hold" and a consensus target price of $159.55.

Landstar System Stock Down 2.7 %

Shares of Landstar System stock traded down $3.83 on Thursday, reaching $137.28. 206,577 shares of the company were exchanged, compared to its average volume of 279,636. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 24.92 and a beta of 0.88. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average of $152.86 and a 200 day moving average of $170.81. Landstar System, Inc. has a one year low of $128.99 and a one year high of $196.86.

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 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%. On average, equities research analysts forecast that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.44 annualized dividend and a yield of 1.05%. 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.