3,116 Shares in Landstar System, Inc. (NASDAQ:LSTR) Bought by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in Landstar System, Inc. (NASDAQ:LSTR) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,116 shares of the transportation company’s stock, valued at approximately $536,000.

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in shares of Landstar System by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 362,652 shares of the transportation company’s stock valued at $68,494,000 after buying an additional 948 shares during the period. Citigroup Inc. grew its holdings in shares of Landstar System by 21.2% during the 3rd quarter. Citigroup Inc. now owns 19,184 shares of the transportation company’s stock worth $3,623,000 after acquiring an additional 3,354 shares during the period. Cerity Partners LLC raised its position in shares of Landstar System by 63.4% in the 3rd quarter. Cerity Partners LLC now owns 5,507 shares of the transportation company’s stock worth $1,040,000 after acquiring an additional 2,137 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Landstar System by 191.4% in the 3rd quarter. Bank of Montreal Can now owns 25,654 shares of the transportation company’s stock valued at $4,796,000 after purchasing an additional 16,850 shares during the period. Finally, FMR LLC boosted its position in shares of Landstar System by 8.6% during the third quarter. FMR LLC now owns 162,222 shares of the transportation company’s stock valued at $30,639,000 after purchasing an additional 12,894 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Landstar System Stock Down 1.5 %

Shares of LSTR stock opened at $148.73 on Friday. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. Landstar System, Inc. has a 12 month low of $144.13 and a 12 month high of $196.86. The stock has a market cap of $5.25 billion, a P/E ratio of 26.94 and a beta of 0.82. The company has a 50 day simple moving average of $159.96 and a two-hundred day simple moving average of $173.93.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.31 EPS 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%. On average, research analysts expect that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.97%. Landstar System’s payout ratio is currently 26.09%.

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.