Landstar System, Inc. (NASDAQ:LSTR) Shares Purchased by Royce & Associates LP

Royce & Associates LP increased its holdings in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 341,457 shares of the transportation company's stock after acquiring an additional 9,993 shares during the quarter. Royce & Associates LP owned approximately 0.97% of Landstar System worth $58,683,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in shares of Landstar System during the 4th quarter worth $63,816,000. Thrivent Financial for Lutherans lifted its position in shares of Landstar System by 3,775.2% during the third quarter. Thrivent Financial for Lutherans now owns 334,853 shares of the transportation company's stock valued at $63,243,000 after buying an additional 326,212 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Landstar System during the 4th quarter worth approximately $8,463,000. Boston Trust Walden Corp lifted its position in Landstar System by 21.1% during the fourth quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company's stock valued at $47,695,000 after acquiring an additional 48,312 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Landstar System by 509.3% during the third quarter. BNP Paribas Financial Markets now owns 55,048 shares of the transportation company's stock worth $10,397,000 after purchasing an additional 46,014 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors.

Remove Ads

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Truist Financial started coverage on Landstar System in a research report on Thursday, March 13th. They issued a "hold" rating and a $160.00 price objective for the company. Benchmark restated a "hold" rating on shares of Landstar System in a research note on Friday, January 31st. Stifel Nicolaus increased their price objective on shares of Landstar System from $164.00 to $169.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lowered 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 equities research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $169.45.

Landstar System Stock Performance

Shares of LSTR traded down $0.39 during mid-day trading on Thursday, reaching $146.63. The company had a trading volume of 512,417 shares, compared to its average volume of 259,342. The stock has a 50 day moving average of $162.63 and a two-hundred day moving average of $175.25. 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 stock has a market capitalization of $5.18 billion, a P/E ratio of 26.56 and a beta of 0.82. Landstar System, Inc. has a 52-week low of $144.07 and a 52-week high of $196.86.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 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%. On average, analysts expect that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Announces Dividend

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 dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Tuesday, February 18th. 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.