Wells Fargo & Company MN Purchases 21,514 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Wells Fargo & Company MN grew its stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 414,116 shares of the transportation company's stock after buying an additional 21,514 shares during the quarter. Wells Fargo & Company MN owned about 1.17% of Landstar System worth $71,170,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Roberts Wealth Advisors LLC boosted its position in shares of Landstar System by 1.3% in the fourth quarter. Roberts Wealth Advisors LLC now owns 4,616 shares of the transportation company's stock worth $818,000 after buying an additional 60 shares during the period. Huntington National Bank grew its stake in shares of Landstar System by 12.2% in the fourth quarter. Huntington National Bank now owns 1,037 shares of the transportation company's stock worth $178,000 after acquiring an additional 113 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Landstar System by 1.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 8,865 shares of the transportation company's stock worth $1,524,000 after buying an additional 114 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in Landstar System in the 4th quarter valued at $25,000. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of Landstar System by 1.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 10,158 shares of the transportation company's stock valued at $1,746,000 after purchasing an additional 146 shares during the period. Institutional investors and hedge funds own 97.95% of the company's stock.

Landstar System Price Performance

NASDAQ:LSTR traded up $2.94 during trading hours on Monday, hitting $142.97. The company's stock had a trading volume of 50,001 shares, compared to its average volume of 281,121. The stock has a fifty day simple moving average of $151.93 and a 200-day simple moving average of $170.08. The company has a market capitalization of $5.00 billion, a P/E ratio of 25.90 and a beta of 0.88. Landstar System, Inc. has a twelve month low of $128.99 and a twelve month high of $196.86. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21.

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

Landstar System Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Tuesday, February 18th. Landstar System's dividend payout ratio (DPR) is 26.09%.

Analyst Ratings Changes

A number of research firms recently weighed in on LSTR. Susquehanna dropped their price target on Landstar System from $130.00 to $120.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Truist Financial lowered 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. Stifel Nicolaus cut their target price on Landstar System from $162.00 to $147.00 and set a "hold" rating on the stock in a research note on Monday. Benchmark reiterated a "hold" rating on shares of Landstar System in a research note on Monday. Finally, Jefferies Financial Group cut their price target on Landstar System from $170.00 to $150.00 and set a "hold" rating for the company in a report on Friday. One investment analyst has rated the stock with a sell rating and thirteen have given a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $156.92.

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.