Motley Fool Asset Management LLC Has $1.54 Million Stock Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Motley Fool Asset Management LLC boosted its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 10.4% in the fourth quarter, Holdings Channel reports. The firm owned 8,986 shares of the transportation company’s stock after purchasing an additional 847 shares during the period. Motley Fool Asset Management LLC’s holdings in Landstar System were worth $1,544,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of LSTR. Golden State Wealth Management LLC bought a new position in shares of Landstar System during the fourth quarter worth $25,000. HM Payson & Co. acquired a new stake in Landstar System during the 4th quarter worth $26,000. Trust Co. of Vermont bought a new position in Landstar System during the fourth quarter worth about $34,000. TD Private Client Wealth LLC grew its stake 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 grew its stake in Landstar System by 225.5% in the fourth quarter. Jones Financial Companies Lllp now owns 895 shares of the transportation company’s stock valued at $154,000 after acquiring an additional 620 shares during the period. Institutional investors own 97.95% of the company’s stock.

Landstar System Stock Performance

Shares of NASDAQ LSTR opened at $138.63 on Friday. Landstar System, Inc. has a one year low of $137.49 and a one year 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. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of 25.11 and a beta of 0.82. The stock’s fifty day moving average price is $157.14 and its two-hundred day moving average price is $172.75.

Landstar System (NASDAQ:LSTR) last released 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 net margin of 4.07% and a return on equity of 19.56%. On average, equities analysts forecast that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.04%. Landstar System’s payout ratio is 26.09%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Benchmark reiterated a “hold” rating on shares of Landstar System in a report on Thursday. TD Cowen dropped their target price on shares of Landstar System from $161.00 to $145.00 and set a “hold” rating on the stock in a report on Thursday. Stifel Nicolaus upped their price target on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Landstar System from $177.00 to $147.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Truist Financial cut their price objective on shares of Landstar System from $160.00 to $150.00 and set a “hold” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $160.45.

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.