Landstar System, Inc. (NASDAQ:LSTR) Shares Bought by Zions Bancorporation N.A.

Zions Bancorporation N.A. lifted its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 14.2% during the fourth quarter, Holdings Channel reports. The fund owned 9,606 shares of the transportation company’s stock after acquiring an additional 1,195 shares during the period. Zions Bancorporation N.A.’s holdings in Landstar System were worth $1,651,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of LSTR. Golden State Wealth Management LLC purchased a new stake in Landstar System during the 4th quarter worth about $25,000. HM Payson & Co. acquired a new stake in shares of Landstar System during the 4th quarter worth about $26,000. Trust Co. of Vermont purchased a new stake in Landstar System during the fourth quarter worth approximately $34,000. TD Private Client Wealth LLC boosted its holdings in 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 purchasing an additional 158 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Landstar System by 225.5% in the fourth quarter. Jones Financial Companies Lllp now owns 895 shares of the transportation company’s stock valued at $154,000 after purchasing an additional 620 shares in the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on LSTR. Benchmark restated a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. Truist Financial started coverage on shares of Landstar System in a research note on Thursday, March 13th. They issued a “hold” rating and a $160.00 price objective for the company. JPMorgan Chase & Co. dropped their price objective on Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Finally, Stifel Nicolaus boosted their target price on Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company’s stock. Based on data from MarketBeat, Landstar System currently has an average rating of “Hold” and a consensus price target of $169.45.

Landstar System Stock Down 0.5 %

Landstar System stock opened at $149.28 on Wednesday. The stock has a 50 day moving average of $161.07 and a two-hundred day moving average of $174.26. Landstar System, Inc. has a twelve month low of $144.13 and a twelve month high of $196.86. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 27.04 and a beta of 0.82. The company has a current ratio of 1.96, a quick ratio of 2.21 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 the consensus estimate of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. As a group, research analysts expect that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Announces Dividend

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

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.