AIA Group Ltd Acquires 864 Shares of Landstar System, Inc. (NASDAQ:LSTR)

AIA Group Ltd raised its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 16.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,014 shares of the transportation company’s stock after acquiring an additional 864 shares during the quarter. AIA Group Ltd’s holdings in Landstar System were worth $1,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of LSTR. Larson Financial Group LLC purchased a new position in shares of Landstar System during the 3rd quarter valued at $49,000. First Capital Advisors Group LLC. purchased a new position in shares of Landstar System during the 2nd quarter valued at $59,000. Belpointe Asset Management LLC grew its position in Landstar System by 150.7% in the first quarter. Belpointe Asset Management LLC now owns 356 shares of the transportation company’s stock worth $64,000 after acquiring an additional 214 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its position in Landstar System by 126.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 565 shares of the transportation company’s stock worth $100,000 after acquiring an additional 315 shares in the last quarter. Finally, Impact Partnership Wealth LLC purchased a new position in Landstar System in the third quarter worth $108,000. Institutional investors own 97.95% of the company’s stock.

Landstar System Stock Performance

Shares of NASDAQ:LSTR opened at $170.81 on Friday. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 4.40 and a beta of 0.83. The company has a 50-day moving average price of $186.79 and a 200-day moving average price of $183.57. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.04. Landstar System, Inc. has a 12 month low of $161.13 and a 12 month high of $208.62.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Wednesday, January 31st. The transportation company reported $1.62 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.01). The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.25 billion. Landstar System had a net margin of 4.99% and a return on equity of 26.73%. As a group, equities analysts anticipate that Landstar System, Inc. will post 6.71 EPS for the current year.

Landstar System Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Monday, February 12th were issued a $0.33 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $1.32 annualized dividend and a yield of 0.77%. Landstar System’s dividend payout ratio (DPR) is presently 17.96%.

Insiders Place Their Bets

In other Landstar System news, VP Michael K. Kneller sold 12,219 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $190.30, for a total value of $2,325,275.70. Following the completion of the sale, the vice president now directly owns 61,127 shares in the company, valued at $11,632,468.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on LSTR. UBS Group upped their target price on shares of Landstar System from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Wolfe Research upgraded shares of Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 target price for the company in a research report on Wednesday, January 10th. Stifel Nicolaus cut their target price on shares of Landstar System from $171.00 to $166.00 and set a “hold” rating for the company in a research report on Friday, February 2nd. Susquehanna cut their target price on shares of Landstar System from $170.00 to $165.00 and set a “neutral” rating for the company in a research report on Monday, March 25th. Finally, Wells Fargo & Company upped their price target on shares of Landstar System from $165.00 to $180.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $184.55.

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.