KLP Kapitalforvaltning AS Has $1.37 Million Stock Position in Landstar System, Inc. $LSTR

KLP Kapitalforvaltning AS increased its position in Landstar System, Inc. (NASDAQ:LSTR) by 53.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,200 shares of the transportation company’s stock after buying an additional 3,900 shares during the period. KLP Kapitalforvaltning AS’s holdings in Landstar System were worth $1,373,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LSTR. MAI Capital Management boosted its holdings in Landstar System by 79.3% in the second quarter. MAI Capital Management now owns 242 shares of the transportation company’s stock worth $34,000 after acquiring an additional 107 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Landstar System by 132.7% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock worth $37,000 after purchasing an additional 142 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Landstar System by 118.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 280 shares of the transportation company’s stock worth $39,000 after purchasing an additional 152 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Landstar System by 7,650.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 310 shares of the transportation company’s stock worth $43,000 after purchasing an additional 306 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Landstar System by 126.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 315 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 176 shares during the period. 97.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on LSTR. Wall Street Zen upgraded shares of Landstar System from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Stifel Nicolaus upped their target price on shares of Landstar System from $127.00 to $140.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. Truist Financial cut their price target on Landstar System from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Wednesday, October 29th. Susquehanna boosted their price objective on Landstar System from $110.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Landstar System in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Landstar System currently has a consensus rating of “Hold” and an average target price of $148.67.

Landstar System Trading Down 0.3%

Shares of LSTR stock opened at $155.16 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 39.58 and a beta of 0.84. Landstar System, Inc. has a 52-week low of $119.32 and a 52-week high of $179.74. The company has a 50-day simple moving average of $137.42 and a two-hundred day simple moving average of $133.71.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Tuesday, October 28th. The transportation company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.02). The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Landstar System had a return on equity of 17.24% and a net margin of 2.87%.Landstar System’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.41 EPS. Research analysts anticipate that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Tuesday, January 6th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a dividend yield of 134.0%. Landstar System’s dividend payout ratio (DPR) is currently 40.82%.

Landstar System Company Profile

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.