Bessemer Group Inc. Has $380,000 Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

Bessemer Group Inc. increased its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 6.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,213 shares of the transportation company’s stock after acquiring an additional 143 shares during the period. Bessemer Group Inc.’s holdings in Landstar System were worth $380,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Landstar System during the fourth quarter worth $63,816,000. Norges Bank bought a new position in shares of Landstar System in the fourth quarter valued at about $54,088,000. Corient Private Wealth LLC lifted its position in Landstar System by 1,207.3% during the 4th quarter. Corient Private Wealth LLC now owns 293,899 shares of the transportation company’s stock worth $50,509,000 after buying an additional 271,417 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Landstar System during the 4th quarter worth about $8,463,000. Finally, Boston Trust Walden Corp increased its position in Landstar System by 21.1% in the 4th quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company’s stock valued at $47,695,000 after acquiring an additional 48,312 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on LSTR shares. Stifel Nicolaus reduced their target price on shares of Landstar System from $162.00 to $147.00 and set a “hold” rating on the stock in a research report on Monday. Benchmark reiterated a “hold” rating on shares of Landstar System in a research report on Monday. TD Cowen lowered their target price on Landstar System from $161.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday, April 3rd. JPMorgan Chase & Co. cut their price target on Landstar System from $177.00 to $147.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Finally, Susquehanna lowered their price objective on Landstar System from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. One investment analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $156.92.

Landstar System Stock Down 2.6 %

Landstar System stock opened at $137.67 on Wednesday. Landstar System, Inc. has a fifty-two week low of $128.99 and a fifty-two week high of $196.86. 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 market capitalization of $4.81 billion, a price-to-earnings ratio of 24.94 and a beta of 0.88. The company’s 50 day simple moving average is $151.05 and its 200 day simple moving average is $169.54.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share 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%. As a group, sell-side analysts anticipate that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Tuesday, February 18th. Landstar System’s dividend payout ratio is 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.