WINTON GROUP Ltd Boosts Stock Position in Landstar System, Inc. $LSTR

WINTON GROUP Ltd boosted its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 42.7% in the fourth quarter, Holdings Channel reports. The fund owned 8,708 shares of the transportation company’s stock after purchasing an additional 2,605 shares during the period. WINTON GROUP Ltd’s holdings in Landstar System were worth $1,251,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Global Retirement Partners LLC increased its holdings in shares of Landstar System by 320.0% in the fourth quarter. Global Retirement Partners LLC now owns 189 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 144 shares during the period. Quarry LP purchased a new stake in shares of Landstar System during the third quarter worth approximately $25,000. Geneos Wealth Management Inc. lifted its holdings in shares of Landstar System by 132.7% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock worth $37,000 after purchasing an additional 142 shares during the period. Private Trust Co. NA grew its position in Landstar System by 81.0% in the 4th quarter. Private Trust Co. NA now owns 277 shares of the transportation company’s stock valued at $40,000 after buying an additional 124 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Landstar System by 126.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 315 shares of the transportation company’s stock valued at $44,000 after buying an additional 176 shares during the last quarter. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Diana M. Murphy sold 11,246 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $221.28, for a total value of $2,488,514.88. Following the completion of the transaction, the director directly owned 18,853 shares of the company’s stock, valued at $4,171,791.84. The trade was a 37.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on LSTR shares. Susquehanna upped their price objective on shares of Landstar System from $185.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Weiss Ratings raised shares of Landstar System from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, April 29th. Truist Financial boosted their price target on shares of Landstar System from $145.00 to $190.00 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. Stifel Nicolaus raised their price objective on shares of Landstar System from $147.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday, April 29th. Finally, Robert W. Baird set a $193.00 price objective on shares of Landstar System in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $183.00.

Landstar System Stock Up 3.4%

Shares of NASDAQ LSTR opened at $225.37 on Tuesday. The firm’s 50-day moving average is $182.52 and its two-hundred day moving average is $159.96. The company has a market capitalization of $7.65 billion, a PE ratio of 62.26 and a beta of 0.88. Landstar System, Inc. has a 12-month low of $119.32 and a 12-month high of $228.46. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.88 and a quick ratio of 1.88.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. Landstar System had a net margin of 2.62% and a return on equity of 19.49%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the company posted $0.95 EPS. The company’s revenue was up 1.6% on a year-over-year basis. Equities analysts anticipate that Landstar System, Inc. will post 5.57 EPS for the current fiscal year.

Landstar System announced that its board has approved a share repurchase program on Tuesday, April 28th that authorizes the company to buyback 1,115,195,000,000 shares. This buyback authorization authorizes the transportation company to buy up to 3.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Landstar System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 19th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $1.60 annualized dividend and a yield of 0.7%. Landstar System’s dividend payout ratio (DPR) is presently 44.20%.

About Landstar System

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.