American Century Companies Inc. Has $12.39 Million Stock Holdings in Landstar System, Inc. (NASDAQ:LSTR)

American Century Companies Inc. increased its stake in Landstar System, Inc. (NASDAQ:LSTR) by 7.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,069 shares of the transportation company’s stock after acquiring an additional 5,055 shares during the quarter. American Century Companies Inc. owned about 0.20% of Landstar System worth $12,386,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in shares of Landstar System in the 4th quarter valued at $25,000. HM Payson & Co. acquired a new position in Landstar System in the fourth quarter valued at $26,000. Trust Co. of Vermont acquired a new stake in Landstar System during the 4th quarter worth about $34,000. TD Private Client Wealth LLC grew its holdings in Landstar System by 27.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company’s stock worth $137,000 after acquiring an additional 158 shares during the period. Finally, Jones Financial Companies Lllp raised its position in shares of Landstar System by 225.5% in the 4th quarter. Jones Financial Companies Lllp now owns 895 shares of the transportation company’s stock worth $154,000 after acquiring an additional 620 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Susquehanna dropped their price objective on Landstar System from $150.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 26th. Truist Financial assumed coverage on Landstar System in a research note on Thursday, March 13th. They issued a “hold” rating and a $160.00 price target on the stock. Stifel Nicolaus lifted their price objective on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Benchmark reissued a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $166.73.

Landstar System Stock Down 0.1 %

LSTR stock opened at $150.06 on Wednesday. The firm has a market capitalization of $5.30 billion, a PE ratio of 27.18 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, Inc. has a twelve month low of $144.13 and a twelve month high of $196.86. The stock’s 50 day moving average is $158.40 and its 200-day moving average is $173.14.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data 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%. Sell-side analysts expect that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Announces Dividend

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