Royal London Asset Management Ltd. Increases Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

Royal London Asset Management Ltd. grew its position in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,472 shares of the transportation company's stock after buying an additional 1,824 shares during the quarter. Royal London Asset Management Ltd. owned 0.24% of Landstar System worth $14,517,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in LSTR. Golden State Wealth Management LLC purchased a new stake in Landstar System in the 4th quarter valued at approximately $25,000. HM Payson & Co. acquired a new stake in shares of Landstar System during the fourth quarter valued at $26,000. Trust Co. of Vermont purchased a new stake in Landstar System during the 4th quarter worth about $34,000. TD Private Client Wealth LLC raised its stake in 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 last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in Landstar System by 225.5% in 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. Institutional investors and hedge funds own 97.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Susquehanna cut their price objective on shares of Landstar System from $150.00 to $130.00 and set a "neutral" rating for the company in a research report on Wednesday. Truist Financial began coverage on Landstar System in a research note on Thursday, March 13th. They set a "hold" rating and a $160.00 price target on the stock. Stifel Nicolaus lifted their price objective on Landstar System from $164.00 to $169.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Benchmark reiterated a "hold" rating on shares of Landstar System in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Landstar System from $184.00 to $177.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $166.73.

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Landstar System Trading Up 1.2 %

Shares of NASDAQ:LSTR traded up $1.74 during trading on Wednesday, reaching $151.02. 191,816 shares of the stock were exchanged, compared to its average volume of 263,691. Landstar System, Inc. has a 12-month low of $144.13 and a 12-month high of $196.86. The firm's 50-day moving average price is $161.07 and its 200 day moving average price is $174.26. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96. The firm has a market cap of $5.33 billion, a price-to-earnings ratio of 27.36 and a beta of 0.82.

Landstar System (NASDAQ:LSTR - Get Free Report) last released its quarterly earnings data 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 return on equity of 19.56% and a net margin of 4.07%. On average, sell-side analysts anticipate that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.95%. Landstar System's dividend payout ratio (DPR) is currently 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.