728 Shares in Landstar System, Inc. (NASDAQ:LSTR) Purchased by Meeder Asset Management Inc.

Meeder Asset Management Inc. acquired a new stake in Landstar System, Inc. (NASDAQ:LSTR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 728 shares of the transportation company’s stock, valued at approximately $134,000.

A number of other institutional investors also recently modified their holdings of LSTR. Vanguard Group Inc. increased its holdings in shares of Landstar System by 0.7% in the first 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 in the last quarter. Quantbot Technologies LP increased its stake in shares of Landstar System by 415.1% in the 1st quarter. Quantbot Technologies LP now owns 5,223 shares of the transportation company’s stock valued at $1,007,000 after buying an additional 4,209 shares during the period. Van ECK Associates Corp raised its position in shares of Landstar System by 36.5% during the first quarter. Van ECK Associates Corp now owns 16,177 shares of the transportation company’s stock worth $3,118,000 after acquiring an additional 4,327 shares during the last quarter. Sei Investments Co. increased its position in Landstar System by 17.9% in the first quarter. Sei Investments Co. now owns 72,248 shares of the transportation company’s stock worth $13,926,000 after purchasing an additional 10,978 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Landstar System in the 4th quarter valued at about $2,261,000. 97.95% of the stock is owned by institutional investors.

Landstar System Price Performance

Shares of NASDAQ LSTR opened at $182.37 on Friday. Landstar System, Inc. has a fifty-two week low of $161.13 and a fifty-two week high of $201.40. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 28.06 and a beta of 0.80. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.17. The business has a 50-day moving average of $184.62 and a 200-day moving average of $182.97.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.02. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.25 billion. Landstar System had a return on equity of 21.69% and a net margin of 4.49%. The business’s quarterly revenue was down 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.85 EPS. As a group, sell-side analysts predict that Landstar System, Inc. will post 5.87 earnings per share for the current fiscal year.

Landstar System Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were 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 was Tuesday, August 20th. This is an increase from Landstar System’s previous quarterly dividend of $0.33. Landstar System’s dividend payout ratio (DPR) is 22.15%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Susquehanna raised 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. Morgan Stanley decreased their target price on 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. TD Cowen upped their price target on Landstar System from $171.00 to $176.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Benchmark reissued a “hold” rating on shares of Landstar System in a research note on Wednesday, July 31st. Finally, Evercore ISI increased their target price on shares of Landstar System from $161.00 to $173.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Twelve analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Landstar System has an average rating of “Hold” and a consensus price target of $179.73.

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.