AlphaQuest LLC Buys 5,477 Shares of Landstar System, Inc. $LSTR

AlphaQuest LLC lifted its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 18,886.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,506 shares of the transportation company’s stock after acquiring an additional 5,477 shares during the period. AlphaQuest LLC’s holdings in Landstar System were worth $675,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Integrated Wealth Concepts LLC increased its stake in Landstar System by 9.8% in the first quarter. Integrated Wealth Concepts LLC now owns 3,767 shares of the transportation company’s stock valued at $566,000 after purchasing an additional 336 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Landstar System by 57.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 138,009 shares of the transportation company’s stock worth $20,729,000 after purchasing an additional 50,142 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Landstar System by 38.3% in the 1st quarter. Empowered Funds LLC now owns 4,687 shares of the transportation company’s stock valued at $704,000 after buying an additional 1,298 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Landstar System by 13.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,341 shares of the transportation company’s stock valued at $21,380,000 after buying an additional 16,698 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in Landstar System by 132.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock valued at $37,000 after buying an additional 142 shares in the last quarter. 97.95% of the stock is owned by institutional investors.

Landstar System Price Performance

LSTR opened at $158.87 on Wednesday. Landstar System, Inc. has a 1 year low of $119.32 and a 1 year high of $164.35. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 2.01. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of 48.00 and a beta of 0.85. The firm’s fifty day moving average price is $146.02 and its two-hundred day moving average price is $135.14.

Landstar System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 18th will be paid a $0.40 dividend. The ex-dividend date is Wednesday, February 18th. This represents a $1.60 annualized dividend and a yield of 1.0%. Landstar System’s dividend payout ratio (DPR) is 48.34%.

Analyst Ratings Changes

LSTR has been the topic of a number of research reports. Susquehanna upped their price target on Landstar System from $110.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Truist Financial decreased their price objective on Landstar System from $150.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, January 29th. TD Cowen reiterated a “hold” rating on shares of Landstar System in a report on Friday, January 9th. JPMorgan Chase & Co. lifted their price target on shares of Landstar System from $134.00 to $162.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Finally, UBS Group decreased their price target on shares of Landstar System from $149.00 to $147.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, Landstar System has a consensus rating of “Hold” and a consensus price target of $153.00.

About Landstar System

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.