1,884 Shares in Landstar System, Inc. (NASDAQ:LSTR) Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new stake in Landstar System, Inc. (NASDAQ:LSTR - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 1,884 shares of the transportation company's stock, valued at approximately $324,000.

A number of other hedge funds have also bought and sold shares of the business. Golden State Wealth Management LLC bought a new position in shares of Landstar System in the fourth quarter worth $25,000. HM Payson & Co. purchased a new stake in Landstar System during the 4th quarter worth about $26,000. Trust Co. of Vermont purchased a new position in Landstar System during the 4th quarter valued at about $34,000. TD Private Client Wealth LLC increased its position in shares of Landstar System by 27.9% during the third quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company's stock valued at $137,000 after buying an additional 158 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Landstar System by 225.5% in the fourth quarter. Jones Financial Companies Lllp now owns 895 shares of the transportation company's stock worth $154,000 after buying an additional 620 shares in the last quarter. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Landstar System Price Performance

Shares of Landstar System stock traded down $1.99 during trading on Friday, hitting $136.64. 562,916 shares of the stock traded hands, compared to its average volume of 278,323. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 24.75 and a beta of 0.82. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. Landstar System, Inc. has a 52 week low of $132.33 and a 52 week high of $196.86. The firm's fifty day moving average is $156.41 and its 200-day moving average is $172.43.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its quarterly earnings results 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 net margin of 4.07% and a return on equity of 19.56%. Research analysts expect that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Tuesday, February 18th. Landstar System's payout ratio is presently 26.09%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Benchmark reaffirmed a "hold" rating on shares of Landstar System in a report on Thursday. TD Cowen reduced their price target on shares of Landstar System from $161.00 to $145.00 and set a "hold" rating for the company in a research report on Thursday. Stifel Nicolaus increased their price objective on Landstar System from $164.00 to $169.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Truist Financial reduced their target price on Landstar System from $160.00 to $150.00 and set a "hold" rating for the company in a research report on Thursday. Finally, Susquehanna lowered their price target on Landstar System from $150.00 to $130.00 and set a "neutral" rating on the stock in a report on Wednesday, March 26th. One analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $160.45.

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.