Landstar System, Inc. (NASDAQ:LSTR) Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC boosted its position in Landstar System, Inc. (NASDAQ:LSTR) by 10.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,890 shares of the transportation company’s stock after buying an additional 2,038 shares during the quarter. Squarepoint Ops LLC owned 0.06% of Landstar System worth $3,762,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LSTR. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Landstar System by 16.1% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,764,603 shares of the transportation company’s stock worth $646,985,000 after buying an additional 521,695 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Landstar System in the 4th quarter worth $63,816,000. Norges Bank acquired a new position in Landstar System in the 4th quarter worth $54,088,000. Corient Private Wealth LLC lifted its holdings in Landstar System by 1,207.3% in the 4th quarter. Corient Private Wealth LLC now owns 293,899 shares of the transportation company’s stock worth $50,509,000 after buying an additional 271,417 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its holdings in Landstar System by 116.4% in the 4th quarter. Lord Abbett & CO. LLC now owns 274,671 shares of the transportation company’s stock worth $47,205,000 after buying an additional 147,756 shares in the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

Landstar System Price Performance

Shares of NASDAQ:LSTR opened at $137.01 on Tuesday. 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 fifty-two week low of $128.99 and a fifty-two week high of $196.86. The firm has a 50-day simple moving average of $140.05 and a 200 day simple moving average of $160.12. The company has a market cap of $4.79 billion, a PE ratio of 24.82 and a beta of 0.92.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Tuesday, May 13th. The transportation company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.07). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the company posted $1.32 EPS. Landstar System’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, sell-side analysts anticipate that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Thursday, June 5th will be given a $0.40 dividend. This is a boost from Landstar System’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $1.60 annualized dividend and a yield of 1.17%. Landstar System’s dividend payout ratio is 31.68%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LSTR. Wall Street Zen downgraded shares of Landstar System from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. Benchmark reissued a “hold” rating on shares of Landstar System in a research report on Monday, April 14th. Stifel Nicolaus dropped their target price on shares of Landstar System from $147.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, May 14th. TD Cowen dropped their target price on shares of Landstar System from $161.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, April 3rd. Finally, Evercore ISI dropped their target price on shares of Landstar System from $137.00 to $136.00 and set an “in-line” rating for the company in a research report on Wednesday, May 14th. Two equities research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $150.42.

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.