Brandes Investment Partners LP Has $313,000 Stock Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Brandes Investment Partners LP raised its position in Landstar System, Inc. (NASDAQ:LSTR) by 12.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,821 shares of the transportation company’s stock after purchasing an additional 196 shares during the quarter. Brandes Investment Partners LP’s holdings in Landstar System were worth $313,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC acquired a new position in shares of Landstar System in the 4th quarter worth approximately $25,000. HM Payson & Co. acquired a new stake in shares of Landstar System in the 4th quarter valued at about $26,000. Trust Co. of Vermont bought a new stake in shares of Landstar System during the fourth quarter valued at approximately $34,000. TD Private Client Wealth LLC lifted its stake in shares of Landstar System by 27.9% in the third quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company’s stock valued at $137,000 after buying an additional 158 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Landstar System by 225.5% during the fourth quarter. Jones Financial Companies Lllp now owns 895 shares of the transportation company’s stock worth $154,000 after acquiring an additional 620 shares in the last quarter. 97.95% of the stock is owned by institutional investors.

Landstar System Stock Performance

Shares of LSTR opened at $150.41 on Friday. Landstar System, Inc. has a 52-week low of $147.59 and a 52-week high of $196.86. The stock’s 50-day simple moving average is $163.83 and its 200 day simple moving average is $175.94. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 27.25 and a beta of 0.82.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data 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 net margin of 4.07% and a return on equity of 19.56%. Research analysts forecast that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a yield of 0.96%. Landstar System’s dividend payout ratio is currently 26.09%.

Analyst Ratings Changes

Several brokerages recently issued reports on LSTR. Stifel Nicolaus upped their price target on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their target price on Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Benchmark restated a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. Finally, Truist Financial began coverage on shares of Landstar System in a research report on Thursday. They issued a “hold” rating and a $160.00 price objective on the stock. One research analyst has rated the stock with a sell rating and twelve have given a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $169.45.

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, such as third party logistics and less-than-truckload services.