Ontario Teachers Pension Plan Board Has $2.80 Million Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Ontario Teachers Pension Plan Board boosted its stake in Landstar System, Inc. (NASDAQ:LSTR) by 86.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,297 shares of the transportation company’s stock after purchasing an additional 7,560 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Landstar System were worth $2,801,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in LSTR. Mariner LLC raised its holdings in Landstar System by 2.0% in the fourth quarter. Mariner LLC now owns 7,627 shares of the transportation company’s stock worth $1,311,000 after purchasing an additional 151 shares during the period. Barclays PLC increased its position in shares of Landstar System by 30.4% in the 4th quarter. Barclays PLC now owns 46,772 shares of the transportation company’s stock valued at $8,039,000 after buying an additional 10,899 shares in the last quarter. Petros Family Wealth LLC acquired a new stake in Landstar System during the 4th quarter worth $250,000. Sterling Capital Management LLC raised its stake in Landstar System by 56.7% during the 4th quarter. Sterling Capital Management LLC now owns 2,125 shares of the transportation company’s stock worth $365,000 after buying an additional 769 shares during the period. Finally, Capital Fund Management S.A. lifted its holdings in Landstar System by 73.6% during the fourth quarter. Capital Fund Management S.A. now owns 30,416 shares of the transportation company’s stock worth $5,227,000 after acquiring an additional 12,891 shares in the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

Analysts Set New Price Targets

LSTR has been the subject of several recent analyst reports. TD Cowen lowered their price target on Landstar System from $161.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, April 3rd. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research report on Monday. Stifel Nicolaus decreased their price objective on Landstar System from $162.00 to $147.00 and set a “hold” rating for the company in a report on Monday. Susquehanna cut their price target on shares of Landstar System from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. Finally, Truist Financial cut their price objective on Landstar System from $160.00 to $150.00 and set a “hold” rating for the company in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $156.92.

Landstar System Stock Up 0.9 %

Shares of LSTR opened at $141.32 on Tuesday. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. Landstar System, Inc. has a 12 month low of $128.99 and a 12 month high of $196.86. The firm’s 50 day moving average is $151.52 and its 200-day moving average is $169.76. The stock has a market capitalization of $4.94 billion, a PE ratio of 25.60 and a beta of 0.88.

Landstar System (NASDAQ:LSTR) last released its earnings results 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%. Equities research analysts forecast that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.44 annualized dividend and a yield of 1.02%. Landstar System’s dividend payout ratio is currently 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.