SG Americas Securities LLC Boosts Stock Holdings in Landstar System, Inc. (NASDAQ:LSTR)

SG Americas Securities LLC lifted its stake in Landstar System, Inc. (NASDAQ:LSTR) by 58.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,610 shares of the transportation company’s stock after buying an additional 3,924 shares during the period. SG Americas Securities LLC’s holdings in Landstar System were worth $2,055,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC bought a new stake in Landstar System in the third quarter valued at approximately $49,000. First Capital Advisors Group LLC. bought a new stake in Landstar System during the 2nd quarter valued at $59,000. Belpointe Asset Management LLC boosted its position in Landstar System by 150.7% during the 1st quarter. Belpointe Asset Management LLC now owns 356 shares of the transportation company’s stock valued at $64,000 after buying an additional 214 shares during the period. Cary Street Partners Investment Advisory LLC grew its holdings in Landstar System by 126.0% in the 3rd 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 during the last quarter. Finally, Impact Partnership Wealth LLC purchased a new position in shares of Landstar System in the third quarter valued at about $108,000. Institutional investors own 97.95% of the company’s stock.

Landstar System Price Performance

LSTR stock opened at $187.31 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.00 and a current ratio of 2.00. The firm has a 50 day moving average price of $190.45 and a 200-day moving average price of $183.59. Landstar System, Inc. has a 52-week low of $161.13 and a 52-week high of $208.62. The firm has a market capitalization of $6.69 billion, a price-to-earnings ratio of 25.48 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Wednesday, January 31st. The transportation company reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.01). Landstar System had a net margin of 4.99% and a return on equity of 26.73%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Equities research analysts forecast that Landstar System, Inc. will post 6.82 EPS for the current fiscal year.

Landstar System Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Monday, February 12th were paid a dividend of $0.33 per share. The ex-dividend date was Friday, February 9th. This represents a $1.32 dividend on an annualized basis and a yield of 0.70%. Landstar System’s dividend payout ratio is currently 17.96%.

Insiders Place Their Bets

In other news, VP Michael K. Kneller sold 12,219 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the sale, the vice president now owns 61,127 shares in the company, valued at $11,632,468.10. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

LSTR has been the topic of several recent analyst reports. JPMorgan Chase & Co. assumed coverage on Landstar System in a research note on Monday, December 11th. They issued a “neutral” rating and a $186.00 target price on the stock. Stifel Nicolaus cut their price objective on Landstar System from $171.00 to $166.00 and set a “hold” rating on the stock in a research report on Friday, February 2nd. Wells Fargo & Company upped their target price on Landstar System from $165.00 to $180.00 and gave the company an “equal weight” rating in a 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 price target on the stock in a report on Wednesday, January 10th. Finally, UBS Group raised 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. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $184.55.

Landstar System Company 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.