Landstar System, Inc. (NASDAQ:LSTR) Shares Acquired by Xponance Inc.

Xponance Inc. boosted its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,048 shares of the transportation company’s stock after acquiring an additional 196 shares during the period. Xponance Inc.’s holdings in Landstar System were worth $696,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

LSTR has been the subject of several research reports. Stifel Nicolaus lifted their target price 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. Benchmark reiterated a “hold” rating on shares of Landstar System in a report on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Finally, Truist Financial initiated coverage on shares of Landstar System in a research report on Thursday, March 13th. They set a “hold” rating and a $160.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the stock. Based on data from MarketBeat.com, Landstar System currently has a consensus rating of “Hold” and an average price target of $169.45.

Landstar System Trading Up 0.6 %

Shares of NASDAQ:LSTR opened at $150.02 on Tuesday. Landstar System, Inc. has a 52 week low of $144.13 and a 52 week high of $196.86. The company’s 50 day moving average is $161.51 and its two-hundred day moving average is $174.48. The company has a market cap of $5.30 billion, a PE ratio of 27.18 and a beta of 0.82. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (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%. Equities analysts predict that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 0.96%. Landstar System’s dividend payout ratio is currently 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.