Landstar System, Inc. (NASDAQ:LSTR) Shares Bought by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc boosted its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 7.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,966 shares of the transportation company’s stock after acquiring an additional 750 shares during the period. Ensign Peak Advisors Inc’s holdings in Landstar System were worth $1,885,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in Landstar System during the 4th quarter worth approximately $25,000. HM Payson & Co. acquired a new position in Landstar System during the 4th quarter worth approximately $26,000. Colonial Trust Co SC grew its holdings in Landstar System by 61.7% during the 4th quarter. Colonial Trust Co SC now owns 186 shares of the transportation company’s stock worth $32,000 after acquiring an additional 71 shares in the last quarter. Trust Co. of Vermont acquired a new position in Landstar System during the 4th quarter worth approximately $34,000. Finally, Transce3nd LLC acquired a new position in Landstar System during the 4th quarter worth approximately $60,000. Institutional investors and hedge funds own 97.95% of the company’s stock.

Landstar System Stock Up 1.5%

Shares of NASDAQ:LSTR opened at $144.59 on Friday. Landstar System, Inc. has a 1-year low of $128.99 and a 1-year high of $196.86. The stock has a market cap of $5.05 billion, a P/E ratio of 26.19 and a beta of 0.92. 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 fifty day moving average price of $141.36 and a 200 day moving average price of $162.44.

Landstar System (NASDAQ:LSTR) last released its earnings results on Tuesday, May 13th. The transportation company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.07). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.13 billion. Sell-side analysts predict that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Thursday, June 5th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Thursday, June 5th. This is a boost from Landstar System’s previous quarterly dividend of $0.36. Landstar System’s dividend payout ratio (DPR) is 26.09%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Benchmark restated a “hold” rating on shares of Landstar System in a report on Monday, April 14th. JPMorgan Chase & Co. lowered their target price on shares of Landstar System from $177.00 to $147.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Susquehanna lowered their target price on shares of Landstar System from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Stifel Nicolaus lowered their target price on shares of Landstar System from $147.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday. Finally, Truist Financial lowered their target price on shares of Landstar System from $150.00 to $135.00 and set a “hold” rating for the company in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Landstar System presently has a consensus rating of “Hold” and an average target price of $153.08.

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.