Campbell & CO Investment Adviser LLC Has $2.41 Million Stake in Landstar System, Inc. $LSTR

Campbell & CO Investment Adviser LLC raised its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 313.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 19,657 shares of the transportation company’s stock after purchasing an additional 14,908 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Landstar System were worth $2,409,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Landstar System by 16.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,609 shares of the transportation company’s stock valued at $527,000 after acquiring an additional 510 shares during the last quarter. Advantage Alpha Capital Partners LP acquired a new stake in Landstar System in the 2nd quarter valued at $2,339,000. Perigon Wealth Management LLC purchased a new position in shares of Landstar System during the second quarter valued at approximately $357,000. Public Employees Retirement System of Ohio grew its position in Landstar System by 8.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 37,232 shares of the transportation company’s stock worth $5,176,000 after purchasing an additional 2,758 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Landstar System by 109.6% during the 2nd quarter. GAMMA Investing LLC now owns 939 shares of the transportation company’s stock valued at $131,000 after purchasing an additional 491 shares during the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

Landstar System Stock Performance

NASDAQ:LSTR opened at $153.55 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 2.01. Landstar System, Inc. has a 1 year low of $119.32 and a 1 year high of $179.66. The stock’s 50 day simple moving average is $139.49 and its two-hundred day simple moving average is $134.21. The company has a market cap of $5.27 billion, a price-to-earnings ratio of 39.17 and a beta of 0.84.

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

Landstar System Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Tuesday, January 6th will be paid a $2.00 dividend. This represents a yield of 134.0%. The ex-dividend date is Tuesday, January 6th. Landstar System’s dividend payout ratio is currently 40.82%.

Analyst Ratings Changes

LSTR has been the topic of a number of research reports. JPMorgan Chase & Co. lifted their price target on shares of Landstar System from $134.00 to $162.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Cowen reiterated a “hold” rating on shares of Landstar System in a research report on Friday, January 9th. Robert W. Baird set a $159.00 price objective on Landstar System in a research report on Wednesday, January 7th. Truist Financial raised their price objective on Landstar System from $130.00 to $150.00 and gave the company a “hold” rating in a research report on Thursday. Finally, Evercore ISI lifted their target price on shares of Landstar System from $125.00 to $151.00 and gave the stock an “in-line” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Landstar System currently has an average rating of “Hold” and an average price target of $153.00.

Landstar System 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.