WINTON GROUP Ltd Makes New $324,000 Investment in Landstar System, Inc. (NASDAQ:LSTR)

WINTON GROUP Ltd purchased a new position in Landstar System, Inc. (NASDAQ:LSTR) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,884 shares of the transportation company’s stock, valued at approximately $324,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Verition Fund Management LLC boosted its stake in Landstar System by 28.1% during the 3rd quarter. Verition Fund Management LLC now owns 59,005 shares of the transportation company’s stock valued at $11,144,000 after purchasing an additional 12,931 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in Landstar System by 419.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,682 shares of the transportation company’s stock worth $695,000 after acquiring an additional 2,973 shares during the period. FMR LLC raised its position in Landstar System by 8.6% in the third quarter. FMR LLC now owns 162,222 shares of the transportation company’s stock worth $30,639,000 after acquiring an additional 12,894 shares in the last quarter. State Street Corp boosted its position in shares of Landstar System by 1.4% during the 3rd quarter. State Street Corp now owns 1,117,857 shares of the transportation company’s stock valued at $211,130,000 after purchasing an additional 15,328 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Landstar System by 22.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 17,077 shares of the transportation company’s stock worth $2,935,000 after purchasing an additional 3,150 shares during the last quarter. 97.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LSTR shares. Susquehanna reduced their target price on shares of Landstar System from $150.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday, March 26th. Truist Financial began coverage on shares of Landstar System in a report on Thursday, March 13th. They issued a “hold” rating and a $160.00 target price for the company. Benchmark reissued a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. Stifel Nicolaus lifted their price objective on Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. cut their target price on Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Landstar System presently has an average rating of “Hold” and an average price target of $166.73.

Landstar System Stock Performance

NASDAQ LSTR opened at $147.37 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. The company’s fifty day moving average is $159.43 and its two-hundred day moving average is $173.59. Landstar System, Inc. has a 52-week low of $144.13 and a 52-week high of $196.86. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 26.70 and a beta of 0.82.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.98%. The ex-dividend date was Tuesday, February 18th. Landstar System’s dividend payout ratio (DPR) is presently 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.