Victory Capital Management Inc. increased its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 12.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,718,723 shares of the transportation company’s stock after buying an additional 195,176 shares during the quarter. Victory Capital Management Inc. owned about 4.18% of Landstar System worth $164,430,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Landstar System by 0.6% during the third quarter. Vanguard Group Inc. now owns 3,687,689 shares of the transportation company’s stock worth $449,897,000 after acquiring an additional 21,365 shares during the last quarter. Vanguard Group Inc increased its stake in Landstar System by 0.6% during the third quarter. Vanguard Group Inc now owns 3,687,689 shares of the transportation company’s stock worth $449,897,000 after acquiring an additional 21,365 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Landstar System by 4.2% during the third quarter. JPMorgan Chase & Co. now owns 991,473 shares of the transportation company’s stock worth $120,961,000 after acquiring an additional 39,994 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its stake in Landstar System by 3.6% during the third quarter. Disciplined Growth Investors Inc. MN now owns 947,094 shares of the transportation company’s stock worth $115,545,000 after acquiring an additional 32,806 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Landstar System by 3.9% during the second quarter. Bank of New York Mellon Corp now owns 553,881 shares of the transportation company’s stock worth $60,484,000 after acquiring an additional 20,564 shares during the last quarter. Hedge funds and other institutional investors own 99.87% of the company’s stock.
Shares of LSTR traded up $1.43 during trading hours on Tuesday, hitting $105.78. The stock had a trading volume of 48,147 shares, compared to its average volume of 364,314. The company has a current ratio of 1.81, a quick ratio of 1.94 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $4.27 billion, a P/E ratio of 17.12, a price-to-earnings-growth ratio of 1.35 and a beta of 1.16. Landstar System, Inc. has a 12-month low of $90.23 and a 12-month high of $128.70.
Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Wednesday, January 30th. The transportation company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.10. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.21 billion. Landstar System had a return on equity of 36.70% and a net margin of 5.53%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.51 EPS. Sell-side analysts predict that Landstar System, Inc. will post 6.41 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Monday, February 18th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $0.66 annualized dividend and a dividend yield of 0.62%. Landstar System’s dividend payout ratio is presently 10.68%.
Several equities research analysts have issued reports on the company. Buckingham Research set a $115.00 target price on Landstar System and gave the stock a “hold” rating in a research note on Saturday, February 2nd. Cowen reissued a “hold” rating and set a $100.00 target price on shares of Landstar System in a research note on Wednesday, January 30th. BidaskClub raised Landstar System from a “sell” rating to a “hold” rating in a research note on Wednesday, January 30th. Zacks Investment Research cut Landstar System from a “hold” rating to a “sell” rating in a research note on Friday, January 4th. Finally, SunTrust Banks initiated coverage on Landstar System in a research note on Wednesday, December 12th. They set a “hold” rating and a $105.00 target price for the company. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $114.64.
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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, including third party logistics and less-than-truckload service providers.
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