Securian Asset Management Inc. Has $454,000 Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Securian Asset Management Inc. lowered its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 3.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,644 shares of the transportation company’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in Landstar System were worth $454,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in Landstar System during the 4th quarter valued at $63,816,000. Thrivent Financial for Lutherans increased its stake in Landstar System by 3,775.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 334,853 shares of the transportation company’s stock valued at $63,243,000 after buying an additional 326,212 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Landstar System during the 4th quarter worth approximately $8,463,000. Boston Trust Walden Corp boosted its stake in shares of Landstar System by 21.1% in the 4th quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company’s stock worth $47,695,000 after buying an additional 48,312 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Landstar System by 509.3% during the third quarter. BNP Paribas Financial Markets now owns 55,048 shares of the transportation company’s stock valued at $10,397,000 after acquiring an additional 46,014 shares during the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LSTR. Benchmark restated a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. Truist Financial started coverage on shares of Landstar System in a research note on Thursday, March 13th. They issued a “hold” rating and a $160.00 target price on the stock. JPMorgan Chase & Co. lowered their price target on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Finally, Stifel Nicolaus raised their target price on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating and twelve have given a hold rating to the company. According to MarketBeat, Landstar System presently has an average rating of “Hold” and a consensus target price of $169.45.

Landstar System Stock Down 0.1 %

Shares of NASDAQ LSTR opened at $150.24 on Tuesday. The business has a 50-day simple moving average of $163.43 and a two-hundred day simple moving average of $175.68. Landstar System, Inc. has a 52 week low of $147.59 and a 52 week high of $196.86. The company has a market cap of $5.31 billion, a P/E ratio of 27.22 and a beta of 0.82. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07.

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

Landstar System Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.96%. The ex-dividend date was Tuesday, February 18th. Landstar System’s payout ratio is 26.09%.

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.