Aster Capital Management DIFC Ltd Acquires 629 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Aster Capital Management DIFC Ltd increased its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 42.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,097 shares of the transportation company’s stock after purchasing an additional 629 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in Landstar System were worth $360,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Roberts Wealth Advisors LLC boosted its position in Landstar System by 1.3% during the 4th quarter. Roberts Wealth Advisors LLC now owns 4,616 shares of the transportation company’s stock valued at $818,000 after buying an additional 60 shares during the period. Huntington National Bank raised its stake in shares of Landstar System by 12.2% during the fourth quarter. Huntington National Bank now owns 1,037 shares of the transportation company’s stock valued at $178,000 after acquiring an additional 113 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Landstar System by 1.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 8,865 shares of the transportation company’s stock worth $1,524,000 after purchasing an additional 114 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of Landstar System in the fourth quarter worth about $25,000. Finally, O Shaughnessy Asset Management LLC increased its holdings in Landstar System by 1.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 10,158 shares of the transportation company’s stock valued at $1,746,000 after purchasing an additional 146 shares during the period. 97.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LSTR. Truist Financial cut their price objective on Landstar System from $160.00 to $150.00 and set a “hold” rating on the stock in a research report on Thursday. Stifel Nicolaus lifted their price target 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 restated a “hold” rating on shares of Landstar System in a report on Thursday. Susquehanna reduced their price target on shares of Landstar System from $150.00 to $130.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. cut 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. One equities research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Landstar System currently has an average rating of “Hold” and a consensus target price of $160.45.

Landstar System Stock Down 1.4 %

LSTR stock opened at $136.64 on Monday. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average of $156.41 and a 200 day moving average of $172.27. Landstar System, Inc. has a twelve month low of $132.41 and a twelve month high of $196.86. The firm has a market cap of $4.83 billion, a PE ratio of 24.75 and a beta of 0.88.

Landstar System (NASDAQ:LSTR) last posted 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, research analysts forecast that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders 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 dividend yield of 1.05%. Landstar System’s dividend payout ratio is presently 26.09%.

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.