Brooklyn FI LLC Buys Shares of 2,112 Landstar System, Inc. (NASDAQ:LSTR)

Brooklyn FI LLC purchased a new position in Landstar System, Inc. (NASDAQ:LSTR) in the fourth quarter, HoldingsChannel reports. The firm purchased 2,112 shares of the transportation company’s stock, valued at approximately $386,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Verition Fund Management LLC lifted its position in Landstar System by 28.1% in the third quarter. Verition Fund Management LLC now owns 59,005 shares of the transportation company’s stock worth $11,144,000 after purchasing an additional 12,931 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Landstar System by 419.3% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,682 shares of the transportation company’s stock worth $695,000 after buying an additional 2,973 shares in the last quarter. FMR LLC lifted its holdings in shares of Landstar System by 8.6% in the third quarter. FMR LLC now owns 162,222 shares of the transportation company’s stock valued at $30,639,000 after buying an additional 12,894 shares during the period. State Street Corp boosted its stake in Landstar System by 1.4% during the third quarter. State Street Corp now owns 1,117,857 shares of the transportation company’s stock valued at $211,130,000 after buying an additional 15,328 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Landstar System by 22.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 17,077 shares of the transportation company’s stock worth $2,935,000 after acquiring an additional 3,150 shares during the period. 97.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on LSTR shares. JPMorgan Chase & Co. lowered their price objective on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Stifel Nicolaus lifted their target price on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. Finally, Truist Financial initiated coverage on Landstar System in a report on Thursday, March 13th. They set a “hold” rating and a $160.00 price target for the company. One equities research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $169.45.

Landstar System Price Performance

NASDAQ:LSTR opened at $147.02 on Thursday. The firm has a market cap of $5.19 billion, a PE ratio of 26.63 and a beta of 0.82. The company’s 50-day moving average price is $162.63 and its two-hundred day moving average price is $175.25. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. Landstar System, Inc. has a 12 month low of $145.00 and a 12 month 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 for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. On average, equities analysts anticipate that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Tuesday, February 18th. Landstar System’s dividend payout ratio is currently 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.