Eukles Asset Management lowered its position in shares of Landstar System, Inc. (NASDAQ:LSTR – Free Report) by 1.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,921 shares of the transportation company’s stock after selling 194 shares during the quarter. Eukles Asset Management’s holdings in Landstar System were worth $1,830,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new position in Landstar System during the fourth quarter worth $64,175,000. UBS Group AG grew its holdings in shares of Landstar System by 359.9% in the 4th quarter. UBS Group AG now owns 80,077 shares of the transportation company’s stock valued at $15,507,000 after acquiring an additional 62,667 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Landstar System by 21.4% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 337,271 shares of the transportation company’s stock valued at $65,013,000 after acquiring an additional 59,530 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Landstar System by 30.9% during the first quarter. Janus Henderson Group PLC now owns 180,955 shares of the transportation company’s stock worth $34,880,000 after acquiring an additional 42,740 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Landstar System during the first quarter valued at approximately $5,366,000. 97.95% of the stock is owned by institutional investors.
Landstar System Stock Up 1.1 %
Landstar System stock opened at $182.56 on Monday. Landstar System, Inc. has a twelve month low of $161.13 and a twelve month high of $201.40. The stock has a market cap of $6.53 billion, a P/E ratio of 28.09 and a beta of 0.80. The company’s 50-day moving average price is $184.97 and its two-hundred day moving average price is $183.68. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.05.
Landstar System Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Tuesday, August 20th. This is a boost from Landstar System’s previous quarterly dividend of $0.33. Landstar System’s payout ratio is presently 22.15%.
Analyst Ratings Changes
LSTR has been the topic of several recent analyst reports. Susquehanna boosted their price target on Landstar System from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Raymond James dropped their price target on shares of Landstar System from $205.00 to $195.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price objective on shares of Landstar System from $182.00 to $188.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Wolfe Research cut shares of Landstar System from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 11th. Finally, TD Cowen lifted their price target on Landstar System from $171.00 to $176.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Twelve research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $179.73.
Get Our Latest Analysis on Landstar System
Landstar System 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.
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