Russell Investments Group Ltd. Boosts Stock Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Russell Investments Group Ltd. boosted its position in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,457 shares of the transportation company's stock after purchasing an additional 5,727 shares during the period. Russell Investments Group Ltd. owned about 0.35% of Landstar System worth $21,217,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp boosted its stake in shares of Landstar System by 1.4% during the 3rd quarter. State Street Corp now owns 1,117,857 shares of the transportation company's stock worth $211,130,000 after buying an additional 15,328 shares during the last quarter. Nisa Investment Advisors LLC boosted 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 buying an additional 3,150 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Landstar System by 14.1% in the fourth 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 in the last quarter. National Bank of Canada FI raised its position in 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 worth $1,167,000 after acquiring an additional 4,796 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Landstar System by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 813,546 shares of the transportation company's stock valued at $153,685,000 after acquiring an additional 39,223 shares during the period. Institutional investors and hedge funds own 97.95% of the company's stock.

Landstar System Trading Down 1.6 %

Shares of NASDAQ:LSTR traded down $2.33 during midday trading on Tuesday, reaching $138.99. The company's stock had a trading volume of 39,975 shares, compared to its average volume of 281,276. The firm has a 50 day moving average price of $151.52 and a two-hundred day moving average price of $169.76. Landstar System, Inc. has a fifty-two week low of $128.99 and a fifty-two week high of $196.86. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 25.22 and a beta of 0.88. 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 released 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%. As a group, analysts forecast that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a $0.36 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.44 annualized dividend and a yield of 1.04%. Landstar System's payout ratio is 26.09%.

Wall Street Analysts Forecast Growth

LSTR has been the subject of a number of research analyst reports. Truist Financial reduced their price target on Landstar System from $160.00 to $150.00 and set a "hold" rating for the company in a report on Thursday, April 3rd. JPMorgan Chase & Co. cut their target price on shares of Landstar System from $177.00 to $147.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Jefferies Financial Group cut their price objective on shares of Landstar System from $170.00 to $150.00 and set a "hold" rating for the company in a research report on Friday. Susquehanna lowered their target price on Landstar System from $130.00 to $120.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Finally, Stifel Nicolaus decreased their price objective on Landstar System from $162.00 to $147.00 and set a "hold" rating on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating and thirteen have given a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $156.92.

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.