KBC Group NV Buys 411 Shares of Landstar System, Inc. (NASDAQ:LSTR)

KBC Group NV lifted its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 40.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,417 shares of the transportation company’s stock after acquiring an additional 411 shares during the period. KBC Group NV’s holdings in Landstar System were worth $244,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of LSTR. Verition Fund Management LLC lifted its holdings in Landstar System by 28.1% during the third 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. ING Groep NV purchased a new position in Landstar System in the third quarter worth about $1,228,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in Landstar System by 419.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,682 shares of the transportation company’s stock valued at $695,000 after buying an additional 2,973 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Landstar System by 3,775.2% during the third 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. Finally, FMR LLC increased its stake in Landstar System by 8.6% in the 3rd quarter. FMR LLC now owns 162,222 shares of the transportation company’s stock worth $30,639,000 after buying an additional 12,894 shares during the period. 97.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LSTR. Stifel Nicolaus upped their price objective on shares of Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Susquehanna dropped their price objective on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Stephens cut their price objective on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Evercore ISI cut their target price on shares of Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a report on Wednesday, October 30th. Finally, UBS Group upped their target price on Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating and eleven have given a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $170.40.

Landstar System Stock Performance

NASDAQ:LSTR opened at $162.70 on Wednesday. Landstar System, Inc. has a fifty-two week low of $159.87 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. The company has a 50 day moving average price of $176.15 and a 200 day moving average price of $181.64. The stock has a market capitalization of $5.75 billion, a P/E ratio of 29.47 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 EPS 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%. Equities research analysts forecast that Landstar System, Inc. will post 6.42 EPS for the current year.

Landstar System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.89%. The ex-dividend date is Tuesday, February 18th. Landstar System’s dividend payout ratio (DPR) is presently 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.