Versor Investments LP Purchases Shares of 6,697 Landstar System, Inc. (NASDAQ:LSTR)

Versor Investments LP purchased a new position in shares of Landstar System, Inc. (NASDAQ:LSTRFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,697 shares of the transportation company’s stock, valued at approximately $1,297,000.

Several other institutional investors also recently modified their holdings of the business. Victory Capital Management Inc. lifted its holdings in Landstar System by 19.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,394,389 shares of the transportation company’s stock valued at $270,024,000 after buying an additional 224,286 shares during the period. Invesco Ltd. boosted its holdings in shares of Landstar System by 55.1% during the 3rd quarter. Invesco Ltd. now owns 417,932 shares of the transportation company’s stock worth $73,949,000 after buying an additional 148,490 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Landstar System by 2.9% in the 3rd quarter. AQR Capital Management LLC now owns 383,916 shares of the transportation company’s stock valued at $67,930,000 after acquiring an additional 10,753 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Landstar System by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 347,804 shares of the transportation company’s stock valued at $67,352,000 after acquiring an additional 8,219 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Landstar System by 6.3% during the 3rd quarter. Royal Bank of Canada now owns 335,747 shares of the transportation company’s stock valued at $59,407,000 after acquiring an additional 19,920 shares during the period. Institutional investors own 97.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LSTR shares. 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, April 26th. Wells Fargo & Company upped their target price on Landstar System from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. UBS Group upped their price objective on shares of Landstar System from $175.00 to $200.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. Stifel Nicolaus reduced their price objective on shares of Landstar System from $166.00 to $164.00 and set a “hold” rating for the company in a report on Monday, April 29th. Finally, Benchmark restated a “hold” rating on shares of Landstar System in a report on Friday, April 26th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $183.91.

Check Out Our Latest Stock Report on Landstar System

Landstar System Stock Performance

LSTR traded up $2.08 during trading on Friday, hitting $184.57. 167,684 shares of the company traded hands, compared to its average volume of 310,521. The firm has a market cap of $6.60 billion, a P/E ratio of 28.40, a price-to-earnings-growth ratio of 5.05 and a beta of 0.86. The company has a quick ratio of 2.00, a current ratio of 2.22 and a debt-to-equity ratio of 0.04. Landstar System, Inc. has a one year low of $161.13 and a one year high of $208.62. The stock’s fifty day moving average is $181.68 and its 200 day moving average is $183.73.

Landstar System (NASDAQ:LSTRGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.04. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.12 billion. Landstar System had a return on equity of 23.11% and a net margin of 4.63%. As a group, equities analysts predict that Landstar System, Inc. will post 6.4 EPS for the current fiscal year.

Landstar System Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Wednesday, May 8th will be given a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.72%. Landstar System’s dividend payout ratio (DPR) is currently 20.31%.

About Landstar System

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Landstar System (NASDAQ:LSTR)

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