O Shaughnessy Asset Management LLC Has $1.75 Million Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

O Shaughnessy Asset Management LLC increased its position in Landstar System, Inc. (NASDAQ:LSTR) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,158 shares of the transportation company’s stock after buying an additional 146 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Landstar System were worth $1,746,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Roberts Wealth Advisors LLC grew its stake in Landstar System by 1.3% in the fourth quarter. Roberts Wealth Advisors LLC now owns 4,616 shares of the transportation company’s stock valued at $818,000 after acquiring an additional 60 shares during the period. Harbor Capital Advisors Inc. grew its position in Landstar System by 1.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 8,865 shares of the transportation company’s stock valued at $1,524,000 after purchasing an additional 114 shares during the period. Voya Financial Advisors Inc. increased its stake in Landstar System by 10.6% during the 3rd quarter. Voya Financial Advisors Inc. now owns 1,348 shares of the transportation company’s stock valued at $252,000 after purchasing an additional 129 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in Landstar System during the fourth quarter worth $25,000. Finally, HM Payson & Co. acquired a new position in Landstar System during the fourth quarter worth $26,000. 97.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LSTR. JPMorgan Chase & Co. decreased their target price on shares of Landstar System from $177.00 to $147.00 and set a “neutral” rating for the company in a research report on Thursday. Stifel Nicolaus boosted their price objective on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. TD Cowen dropped their target price on Landstar System from $161.00 to $145.00 and set a “hold” 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, Truist Financial dropped their price objective on Landstar System from $160.00 to $150.00 and set a “hold” rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $160.45.

Landstar System Stock Down 1.4 %

Landstar System stock opened at $136.64 on Friday. The firm has a 50 day moving average price of $156.41 and a 200-day moving average price of $172.43. 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 twelve month low of $132.41 and a twelve month high of $196.86. The company has a market capitalization of $4.83 billion, a P/E ratio of 24.75 and a beta of 0.82.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. As a group, equities analysts predict that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Dividend Announcement

The firm 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 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Tuesday, February 18th. Landstar System’s dividend payout ratio (DPR) is presently 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.