Ontario Teachers Pension Plan Board Grows Stock Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Ontario Teachers Pension Plan Board boosted its position in Landstar System, Inc. (NASDAQ:LSTR) by 72.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 15,420 shares of the transportation company’s stock after acquiring an additional 6,453 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Landstar System were worth $2,972,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Landstar System by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 3,480,039 shares of the transportation company’s stock valued at $670,812,000 after purchasing an additional 25,387 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Landstar System by 3.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 43,753 shares of the transportation company’s stock worth $7,843,000 after buying an additional 1,318 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in Landstar System by 9.0% in the 1st quarter. Bleakley Financial Group LLC now owns 4,484 shares of the transportation company’s stock worth $864,000 after buying an additional 370 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Landstar System by 6.6% in the 1st quarter. Russell Investments Group Ltd. now owns 155,491 shares of the transportation company’s stock worth $29,973,000 after buying an additional 9,580 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in Landstar System by 7.5% in the 1st quarter. Inspire Investing LLC now owns 7,940 shares of the transportation company’s stock worth $1,531,000 after buying an additional 553 shares in the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on LSTR shares. Stifel Nicolaus cut their price objective on shares of Landstar System from $166.00 to $164.00 and set a “hold” rating on the stock in a report on Monday, April 29th. Morgan Stanley dropped their target price on shares of Landstar System from $147.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, July 8th. Benchmark reissued a “hold” rating on shares of Landstar System in a research report on Friday, April 26th. Susquehanna dropped their target price on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. Finally, Evercore ISI boosted their target price on shares of Landstar System from $161.00 to $173.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $182.55.

Landstar System Stock Performance

LSTR traded up $1.86 during trading hours on Monday, hitting $185.86. The company’s stock had a trading volume of 229,527 shares, compared to its average volume of 271,042. Landstar System, Inc. has a fifty-two week low of $161.13 and a fifty-two week high of $208.62. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $6.65 billion, a PE ratio of 28.31 and a beta of 0.80. The company has a 50-day simple moving average of $181.65 and a 200 day simple moving average of $184.88.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Wednesday, April 24th. The transportation company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.28 by $0.04. Landstar System had a return on equity of 23.11% and a net margin of 4.63%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.12 billion. As a group, sell-side analysts expect that Landstar System, Inc. will post 6.24 EPS for the current year.

Landstar System Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Wednesday, May 8th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.71%. The ex-dividend date was Tuesday, May 7th. Landstar System’s dividend payout ratio is currently 20.31%.

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.