3,116 Shares in Landstar System, Inc. (NASDAQ:LSTR) Bought by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in shares of Landstar System, Inc. (NASDAQ:LSTR) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,116 shares of the transportation company’s stock, valued at approximately $536,000.

Several other large investors have also made changes to their positions in LSTR. Golden State Wealth Management LLC bought a new stake in Landstar System during the 4th quarter valued at approximately $25,000. HM Payson & Co. bought a new stake in shares of Landstar System during the fourth quarter valued at approximately $26,000. Trust Co. of Vermont bought a new stake in shares of Landstar System during the fourth quarter valued at approximately $34,000. TD Private Client Wealth LLC lifted its holdings in shares of Landstar System by 27.9% in the third quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company’s stock worth $137,000 after buying an additional 158 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Landstar System by 225.5% during the fourth quarter. Jones Financial Companies Lllp now owns 895 shares of the transportation company’s stock worth $154,000 after acquiring an additional 620 shares during the last quarter. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on LSTR. Stifel Nicolaus boosted their price target on shares of Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Truist Financial initiated coverage on Landstar System in a research report on Thursday, March 13th. They issued a “hold” rating and a $160.00 target price on the stock. Benchmark reissued a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their price objective on Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Finally, Susquehanna cut their target price on shares of Landstar System from $150.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $166.73.

Landstar System Price Performance

Landstar System stock opened at $148.73 on Friday. Landstar System, Inc. has a 12-month low of $144.13 and a 12-month high of $196.86. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of $159.96 and a 200-day moving average price of $173.93. The firm has a market capitalization of $5.25 billion, a PE ratio of 26.94 and a beta of 0.82.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (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%. As a group, equities research analysts forecast that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid 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 yield of 0.97%. Landstar System’s payout ratio is 26.09%.

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.