Capital Fund Management S.A. Raises Position in Landstar System, Inc. (NASDAQ:LSTR)

Capital Fund Management S.A. increased its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 73.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,416 shares of the transportation company’s stock after buying an additional 12,891 shares during the quarter. Capital Fund Management S.A. owned 0.09% of Landstar System worth $5,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Roberts Wealth Advisors LLC grew its stake in shares of Landstar System by 1.3% during the fourth quarter. Roberts Wealth Advisors LLC now owns 4,616 shares of the transportation company’s stock worth $818,000 after acquiring an additional 60 shares during the last quarter. Huntington National Bank grew its position in Landstar System by 12.2% during the 4th quarter. Huntington National Bank now owns 1,037 shares of the transportation company’s stock worth $178,000 after purchasing an additional 113 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in Landstar System by 1.3% during the 4th quarter. Harbor Capital Advisors Inc. now owns 8,865 shares of the transportation company’s stock valued at $1,524,000 after purchasing an additional 114 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Landstar System by 6.9% in the fourth quarter. Bessemer Group Inc. now owns 2,213 shares of the transportation company’s stock worth $380,000 after buying an additional 143 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Landstar System during the fourth quarter worth $25,000. 97.95% of the stock is owned by institutional investors and hedge funds.

Landstar System Stock Up 0.8 %

LSTR opened at $140.03 on Monday. The company has a fifty day moving average of $151.93 and a two-hundred day moving average of $170.08. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of 25.37 and a beta of 0.88. Landstar System, Inc. has a fifty-two week low of $128.99 and a fifty-two week high of $196.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. On average, research analysts expect that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a yield of 1.03%. Landstar System’s dividend payout ratio is currently 26.09%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. TD Cowen reduced their target price on Landstar System from $161.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday, April 3rd. Benchmark restated a “hold” rating on shares of Landstar System in a research note on Thursday, April 3rd. Susquehanna decreased their target price on Landstar System from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Stifel Nicolaus increased their price target on shares of Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Finally, Truist Financial decreased their price objective on shares of Landstar System from $160.00 to $150.00 and set a “hold” rating for the company in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $158.75.

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.