Blair William & Co. IL Acquires 6,012 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Blair William & Co. IL boosted its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 66.6% during the 4th quarter, HoldingsChannel reports. 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in shares of Landstar System by 0.7% during the 4th quarter. Victory Capital Management Inc. now owns 1,621,511 shares of the transportation company’s stock worth $278,673,000 after purchasing an additional 11,146 shares during the period. State Street Corp boosted its position in shares of Landstar System by 1.4% during the third quarter. State Street Corp now owns 1,117,857 shares of the transportation company’s stock valued at $211,130,000 after buying an additional 15,328 shares during the period. Geode Capital Management LLC grew its stake in shares of Landstar System by 5.1% during the third quarter. Geode Capital Management LLC now owns 813,546 shares of the transportation company’s stock valued at $153,685,000 after buying an additional 39,223 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Landstar System by 10.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 429,928 shares of the transportation company’s stock worth $81,201,000 after buying an additional 41,758 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Landstar System by 4.3% during the 4th quarter. Bank of New York Mellon Corp now owns 389,019 shares of the transportation company’s stock worth $66,857,000 after acquiring an additional 15,986 shares during the last quarter. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Landstar System Price Performance

Shares of LSTR stock 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 market cap of $5.30 billion, a P/E ratio of 27.18 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 stock’s 50-day moving average is $158.40 and its 200 day moving average is $173.14.

Landstar System (NASDAQ:LSTR) last posted its 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 predict that Landstar System, Inc. will post 6.1 earnings per share 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 paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.44 annualized dividend and a yield of 0.96%. Landstar System’s dividend payout ratio (DPR) is 26.09%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Truist Financial initiated coverage on Landstar System in a research note on Thursday, March 13th. They issued a “hold” rating and a $160.00 target price on the stock. JPMorgan Chase & Co. reduced their price target on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Benchmark reissued a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. Susquehanna decreased their price target on shares of Landstar System from $150.00 to $130.00 and set a “neutral” rating for the company in a research note on Wednesday, March 26th. Finally, 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 note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $166.73.

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.