Royal London Asset Management Ltd. Purchases 1,824 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Royal London Asset Management Ltd. increased its stake in Landstar System, Inc. (NASDAQ:LSTR) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,472 shares of the transportation company’s stock after buying an additional 1,824 shares during the period. Royal London Asset Management Ltd. owned 0.24% of Landstar System worth $14,517,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Roberts Wealth Advisors LLC raised its stake in Landstar System by 1.3% in the fourth quarter. Roberts Wealth Advisors LLC now owns 4,616 shares of the transportation company’s stock worth $818,000 after buying an additional 60 shares in the last quarter. Caprock Group LLC raised its stake in Landstar System by 2.3% in the third quarter. Caprock Group LLC now owns 3,378 shares of the transportation company’s stock worth $638,000 after buying an additional 77 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in Landstar System by 2.3% in the third quarter. Brown Brothers Harriman & Co. now owns 3,608 shares of the transportation company’s stock worth $681,000 after buying an additional 80 shares in the last quarter. Commerce Bank raised its stake in Landstar System by 0.5% in the third quarter. Commerce Bank now owns 20,750 shares of the transportation company’s stock worth $3,919,000 after buying an additional 95 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in Landstar System by 1.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 8,865 shares of the transportation company’s stock worth $1,524,000 after buying an additional 114 shares in the last quarter. 97.95% of the stock is owned by institutional investors.

Landstar System Trading Up 1.7 %

NASDAQ:LSTR opened at $149.08 on Friday. 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 $144.13 and a 52 week high of $196.86. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 27.01 and a beta of 0.82. The company’s 50 day moving average price is $161.88 and its 200-day moving average price is $174.76.

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 return on equity of 19.56% and a net margin of 4.07%. On average, equities research analysts forecast that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders 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 0.97%. The ex-dividend date of this dividend was Tuesday, February 18th. Landstar System’s dividend payout ratio (DPR) is presently 26.09%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LSTR. JPMorgan Chase & Co. decreased their price target on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Stifel Nicolaus upped their price objective on shares of Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Truist Financial assumed coverage on shares of Landstar System in a report on Thursday, March 13th. They issued a “hold” rating and a $160.00 price objective on the stock. Finally, Benchmark restated a “hold” rating on shares of Landstar System in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $169.45.

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.