Blair William & Co. IL Increases Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

Blair William & Co. IL increased its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 66.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,034 shares of the transportation company’s stock after purchasing an additional 6,012 shares during the period. Blair William & Co. IL’s holdings in Landstar System were worth $2,584,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC purchased a new stake in Landstar System during the 4th quarter valued at $25,000. HM Payson & Co. bought a new stake in shares of Landstar System in the fourth quarter worth $26,000. Trust Co. of Vermont purchased a new stake in Landstar System during the fourth quarter valued at $34,000. TD Private Client Wealth LLC lifted its holdings in Landstar System by 27.9% in the third quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 158 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in 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 purchasing an additional 620 shares during the last quarter. Institutional investors own 97.95% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LSTR shares. Benchmark reiterated a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. Stifel Nicolaus increased their price target on shares of Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. cut 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 report on Thursday, January 30th. Truist Financial began coverage on Landstar System in a report on Thursday, March 13th. They issued a “hold” rating and a $160.00 target price on the stock. Finally, Susquehanna cut their price target on Landstar System from $150.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $166.73.

Landstar System Trading Down 0.1 %

Shares of LSTR opened at $150.06 on Wednesday. Landstar System, Inc. has a 1 year low of $144.13 and a 1 year high of $196.86. The company has a 50 day simple moving average of $158.40 and a two-hundred day simple moving average of $173.14. 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 firm has a market cap of $5.30 billion, a P/E ratio of 27.18 and a beta of 0.82.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results 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 return on equity of 19.56% and a net margin of 4.07%. On average, equities analysts expect 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 was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.36 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.44 annualized dividend and a dividend yield of 0.96%. Landstar System’s dividend payout ratio (DPR) is 26.09%.

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.