KLP Kapitalforvaltning AS Makes New $1.53 Million Investment in Landstar System, Inc. (NASDAQ:LSTR)

KLP Kapitalforvaltning AS acquired a new position in Landstar System, Inc. (NASDAQ:LSTR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 8,900 shares of the transportation company's stock, valued at approximately $1,530,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in LSTR. Golden State Wealth Management LLC acquired a new position in Landstar System in the fourth quarter worth approximately $25,000. HM Payson & Co. acquired a new stake in shares of Landstar System during the fourth quarter worth $26,000. Trust Co. of Vermont purchased a new stake in shares of Landstar System during the fourth quarter valued at $34,000. TD Private Client Wealth LLC boosted its position in shares of Landstar System by 27.9% in the 3rd 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 increased its stake in Landstar System by 225.5% in the 4th quarter. Jones Financial Companies Lllp now owns 895 shares of the transportation company's stock worth $154,000 after purchasing an additional 620 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LSTR has been the subject of several recent analyst reports. Benchmark reiterated a "hold" rating on shares of Landstar System in a report on Friday, January 31st. JPMorgan Chase & Co. lowered their price objective on shares of Landstar System from $184.00 to $177.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. Truist Financial initiated coverage on shares of Landstar System in a research note on Thursday, March 13th. They set a "hold" rating and a $160.00 target price on the stock. Susquehanna decreased their target price on Landstar System from $150.00 to $130.00 and set a "neutral" rating for the company in a research report on Wednesday, March 26th. Finally, Stifel Nicolaus upped their price target 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 research analyst has rated the stock with a sell rating and twelve have given a hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $166.73.

Landstar System Stock Up 1.2 %

Shares of Landstar System stock traded up $1.87 during trading on Wednesday, hitting $151.93. 225,710 shares of the stock traded hands, compared to its average volume of 275,035. The stock has a market cap of $5.37 billion, a P/E ratio of 27.52 and a beta of 0.82. The company has a fifty day moving average price of $157.89 and a two-hundred day moving average price of $172.99. Landstar System, Inc. has a twelve month low of $144.13 and a twelve month high of $196.86. 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 (NASDAQ:LSTR - Get Free Report) last posted 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 net margin of 4.07% and a return on equity of 19.56%. Equities research analysts predict that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Dividend Announcement

The firm also recently announced 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. This represents a $1.44 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Tuesday, February 18th. Landstar System's payout ratio is 26.09%.

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.