Victory Capital Management Inc. Has $278.67 Million Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Victory Capital Management Inc. boosted its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,621,511 shares of the transportation company's stock after buying an additional 11,146 shares during the quarter. Victory Capital Management Inc. owned approximately 4.59% of Landstar System worth $278,673,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of LSTR. Verition Fund Management LLC boosted its holdings in shares of Landstar System by 28.1% during the third quarter. Verition Fund Management LLC now owns 59,005 shares of the transportation company's stock worth $11,144,000 after acquiring an additional 12,931 shares during the period. ING Groep NV bought a new stake in shares of Landstar System during the third quarter worth approximately $1,228,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Landstar System by 419.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,682 shares of the transportation company's stock worth $695,000 after acquiring an additional 2,973 shares during the period. Thrivent Financial for Lutherans boosted its holdings 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 worth $63,243,000 after acquiring an additional 326,212 shares during the period. Finally, FMR LLC boosted its holdings in shares of Landstar System by 8.6% during the third quarter. FMR LLC now owns 162,222 shares of the transportation company's stock worth $30,639,000 after acquiring an additional 12,894 shares during the period. Institutional investors and hedge funds own 97.95% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LSTR. Raymond James cut Landstar System from an "outperform" rating to a "market perform" rating in a report on Friday, November 15th. Stifel Nicolaus boosted their price objective on Landstar System from $164.00 to $169.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. cut their price target on Landstar System from $184.00 to $177.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. Finally, Benchmark reiterated a "hold" rating on shares of Landstar System in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating and eleven have given a hold rating to the stock. According to MarketBeat, Landstar System currently has a consensus rating of "Hold" and an average target price of $170.40.

Landstar System Price Performance

LSTR traded up $2.04 during trading on Friday, hitting $161.92. 563,353 shares of the stock traded hands, compared to its average volume of 255,946. Landstar System, Inc. has a twelve month low of $152.64 and a twelve month high of $196.86. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 29.33 and a beta of 0.82. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. The business has a 50 day moving average price of $165.76 and a 200 day moving average price of $177.15.

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

Landstar System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.44 annualized dividend and a yield of 0.89%. Landstar System's dividend payout ratio is currently 26.09%.

Landstar System Company 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.