O Shaughnessy Asset Management LLC Acquires 146 Shares of Landstar System, Inc. (NASDAQ:LSTR)

O Shaughnessy Asset Management LLC raised its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,158 shares of the transportation company’s stock after purchasing an additional 146 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Landstar System were worth $1,746,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Pictet Asset Management Holding SA raised its stake in Landstar System by 14.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 5,392 shares of the transportation company’s stock worth $927,000 after acquiring an additional 665 shares in the last quarter. Norges Bank bought a new stake in shares of Landstar System during the 4th quarter valued at approximately $54,088,000. Blair William & Co. IL increased its position in Landstar System by 66.6% during the 4th quarter. Blair William & Co. IL now owns 15,034 shares of the transportation company’s stock worth $2,584,000 after purchasing an additional 6,012 shares in the last quarter. Caisse Des Depots ET Consignations bought a new position in Landstar System in the 4th quarter valued at approximately $1,012,000. Finally, WINTON GROUP Ltd acquired a new stake in Landstar System in the fourth quarter valued at approximately $324,000. Institutional investors and hedge funds own 97.95% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Stifel Nicolaus upped their price target on shares of Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. TD Cowen dropped their target price on Landstar System from $161.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday. JPMorgan Chase & Co. reduced their price target on Landstar System from $177.00 to $147.00 and set a “neutral” rating on the stock in a report on Thursday. Truist Financial dropped their price objective on shares of Landstar System from $160.00 to $150.00 and set a “hold” rating for the company in a report on Thursday. Finally, Benchmark reissued a “hold” rating on shares of Landstar System in a report on Thursday. One research analyst has rated the stock with a sell rating and twelve have given a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $160.45.

Landstar System Trading Down 1.4 %

LSTR opened at $136.64 on Friday. Landstar System, Inc. has a twelve month low of $132.41 and a twelve month high of $196.86. The company has a fifty day moving average of $156.41 and a 200-day moving average of $172.43. The stock has a market cap of $4.83 billion, a PE ratio of 24.75 and a beta of 0.82. 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 (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. On average, sell-side analysts predict that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.05%. The ex-dividend date was Tuesday, February 18th. Landstar System’s dividend payout ratio (DPR) is presently 26.09%.

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.