Huntington National Bank Purchases 113 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Huntington National Bank raised its position in Landstar System, Inc. (NASDAQ:LSTR) by 12.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,037 shares of the transportation company’s stock after purchasing an additional 113 shares during the quarter. Huntington National Bank’s holdings in Landstar System were worth $178,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LSTR. Golden State Wealth Management LLC purchased a new stake in shares of Landstar System in the fourth quarter worth approximately $25,000. HM Payson & Co. purchased a new stake in Landstar System in the fourth quarter worth $26,000. Trust Co. of Vermont bought a new stake in shares of Landstar System during the fourth quarter worth $34,000. TD Private Client Wealth LLC boosted its stake in shares of Landstar System by 27.9% during the third quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 158 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake 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 valued at $154,000 after purchasing an additional 620 shares during the period. Institutional investors own 97.95% of the company’s stock.

Landstar System Stock Down 1.4 %

NASDAQ:LSTR opened at $136.64 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96. The stock has a market capitalization of $4.83 billion, a P/E ratio of 24.75 and a beta of 0.82. The company’s 50-day simple moving average is $156.41 and its 200-day simple moving average is $172.34. Landstar System, Inc. has a fifty-two week low of $132.41 and a fifty-two week high of $196.86.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results 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%. On average, equities analysts anticipate that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.05%. The ex-dividend date was Tuesday, February 18th. Landstar System’s dividend payout ratio is presently 26.09%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. TD Cowen decreased their price objective on shares of Landstar System from $161.00 to $145.00 and set a “hold” rating for the company in a report on Thursday. Truist Financial lowered their price target on Landstar System from $160.00 to $150.00 and set a “hold” rating for the company in a report on Thursday. JPMorgan Chase & Co. reduced their price objective on Landstar System from $177.00 to $147.00 and set a “neutral” rating on the stock in a report on Thursday. Benchmark reiterated a “hold” rating on shares of Landstar System in a report on Thursday. Finally, Stifel Nicolaus raised 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. One research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $160.45.

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.