Geode Capital Management LLC Has $140.60 Million Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Geode Capital Management LLC raised its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 817,938 shares of the transportation company’s stock after buying an additional 4,392 shares during the period. Geode Capital Management LLC owned about 2.32% of Landstar System worth $140,602,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Golden State Wealth Management LLC bought a new stake in Landstar System in the 4th quarter valued at $25,000. HM Payson & Co. bought a new position in shares of Landstar System in the fourth quarter valued at about $26,000. Trust Co. of Vermont acquired a new stake in shares of Landstar System during the 4th quarter worth about $34,000. TD Private Client Wealth LLC boosted its holdings in shares of Landstar System by 27.9% during the 3rd 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 during the period. Finally, Jones Financial Companies Lllp grew its stake in Landstar System by 225.5% in the 4th quarter. Jones Financial Companies Lllp now owns 895 shares of the transportation company’s stock valued at $154,000 after buying an additional 620 shares during the last quarter. 97.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LSTR. Benchmark restated a “hold” rating on shares of Landstar System in a report on Thursday, April 3rd. Stifel Nicolaus boosted their price target on Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price objective on Landstar System from $177.00 to $147.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Truist Financial reduced their target price on shares of Landstar System from $160.00 to $150.00 and set a “hold” rating for the company in a research report on Thursday, April 3rd. Finally, Susquehanna lowered their price target on shares of Landstar System from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $159.55.

Landstar System Price Performance

Shares of NASDAQ:LSTR opened at $134.45 on Tuesday. The firm has a 50 day moving average of $155.57 and a 200-day moving average of $171.92. Landstar System, Inc. has a 12 month low of $131.34 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 stock has a market capitalization of $4.75 billion, a PE ratio of 24.36 and a beta of 0.88.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data 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 research analysts predict that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Announces Dividend

The firm 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 1.07%. The ex-dividend date was Tuesday, February 18th. Landstar System’s dividend payout ratio is presently 26.09%.

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.