Algert Global LLC lowered its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 12.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 18,706 shares of the transportation company’s stock after selling 2,757 shares during the period. Algert Global LLC’s holdings in Landstar System were worth $1,790,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of LSTR. Vaughan Nelson Investment Management L.P. bought a new position in Landstar System during the third quarter worth about $36,294,000. Hennessy Advisors Inc. bought a new stake in shares of Landstar System during the third quarter worth approximately $28,755,000. Clearbridge Investments LLC boosted its holdings in shares of Landstar System by 970,964.3% during the third quarter. Clearbridge Investments LLC now owns 135,949 shares of the transportation company’s stock worth $16,586,000 after acquiring an additional 135,935 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Landstar System by 42.0% during the third quarter. AQR Capital Management LLC now owns 321,545 shares of the transportation company’s stock worth $39,228,000 after acquiring an additional 95,108 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Landstar System by 19.0% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 362,878 shares of the transportation company’s stock worth $44,271,000 after acquiring an additional 57,849 shares during the period. Institutional investors and hedge funds own 99.87% of the company’s stock.
Shares of NASDAQ:LSTR opened at $104.71 on Wednesday. Landstar System, Inc. has a 12-month low of $90.23 and a 12-month high of $128.70. The company has a market cap of $4.23 billion, a PE ratio of 16.94, a PEG ratio of 1.33 and a beta of 1.16. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.81 and a quick ratio of 1.94.
Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, January 30th. The transportation company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.10. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Landstar System had a return on equity of 36.70% and a net margin of 5.53%. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.51 earnings per share. As a group, sell-side analysts predict that Landstar System, Inc. will post 6.47 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Monday, February 18th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Thursday, February 14th. Landstar System’s dividend payout ratio (DPR) is currently 10.68%.
LSTR has been the subject of a number of research analyst reports. Zacks Investment Research cut Landstar System from a “hold” rating to a “sell” rating in a report on Friday, January 4th. Goldman Sachs Group cut Landstar System from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $143.00 to $123.00 in a report on Thursday, November 8th. Cowen restated a “hold” rating and set a $100.00 price objective on shares of Landstar System in a report on Wednesday, January 30th. Buckingham Research reduced their price objective on Landstar System from $127.00 to $121.00 and set a “neutral” rating for the company in a report on Friday, October 12th. Finally, BidaskClub upgraded Landstar System from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Landstar System currently has an average rating of “Hold” and a consensus target price of $114.64.
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About Landstar System
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, including third party logistics and less-than-truckload service providers.
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