Jones Financial Companies Lllp Raises Stake in Landstar System, Inc. (NASDAQ:LSTR)

Jones Financial Companies Lllp raised its stake in Landstar System, Inc. (NASDAQ:LSTR) by 225.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 895 shares of the transportation company’s stock after buying an additional 620 shares during the quarter. Jones Financial Companies Lllp’s holdings in Landstar System were worth $154,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC purchased a new stake in Landstar System in the 4th quarter valued at $8,463,000. NewEdge Wealth LLC grew its holdings in shares of Landstar System by 3.9% during the 4th quarter. NewEdge Wealth LLC now owns 20,383 shares of the transportation company’s stock worth $3,503,000 after purchasing an additional 762 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Landstar System by 4.3% during the 4th quarter. Bank of New York Mellon Corp now owns 389,019 shares of the transportation company’s stock worth $66,857,000 after purchasing an additional 15,986 shares during the period. Parthenon LLC grew its holdings in shares of Landstar System by 1.8% during the 4th quarter. Parthenon LLC now owns 67,997 shares of the transportation company’s stock worth $11,686,000 after purchasing an additional 1,222 shares during the period. Finally, Cardinal Capital Management grew its holdings in shares of Landstar System by 3.5% during the 4th quarter. Cardinal Capital Management now owns 22,288 shares of the transportation company’s stock worth $3,830,000 after purchasing an additional 754 shares during the period. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Landstar System Price Performance

LSTR stock opened at $150.41 on Friday. 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 firm has a market capitalization of $5.31 billion, a P/E ratio of 27.25 and a beta of 0.82. The business’s 50-day moving average is $163.83 and its two-hundred day moving average is $175.97. Landstar System, Inc. has a 1 year low of $147.59 and a 1 year high of $196.86.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results 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%. Analysts anticipate that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Tuesday, February 18th. Landstar System’s dividend payout ratio is currently 26.09%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus increased their price target on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Truist Financial assumed coverage on Landstar System in a report on Thursday. They set a “hold” rating and a $160.00 price target for the company. Benchmark reiterated a “hold” rating on shares of Landstar System in a report on Friday, January 31st. JPMorgan Chase & Co. lowered their price target on Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Finally, Raymond James lowered Landstar System from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the stock. According to data from MarketBeat, Landstar System currently has a consensus rating of “Hold” and an average price target of $169.45.

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.