Royal London Asset Management Ltd. Raises Position in Landstar System, Inc. (NASDAQ:LSTR)

Royal London Asset Management Ltd. raised its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 2.2% during the 4th quarter, HoldingsChannel reports. The fund owned 84,472 shares of the transportation company’s stock after acquiring an additional 1,824 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Landstar System were worth $14,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of LSTR. Caprock Group LLC boosted its stake in shares of Landstar System by 2.3% during the 3rd quarter. Caprock Group LLC now owns 3,378 shares of the transportation company’s stock worth $638,000 after acquiring an additional 77 shares during the last quarter. Commerce Bank boosted its stake in shares of Landstar System by 0.5% during the 3rd quarter. Commerce Bank now owns 20,750 shares of the transportation company’s stock worth $3,919,000 after acquiring an additional 95 shares during the last quarter. Integrated Investment Consultants LLC purchased a new position in shares of Landstar System during the 3rd quarter worth $318,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Landstar System by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 362,652 shares of the transportation company’s stock valued at $68,494,000 after buying an additional 948 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in shares of Landstar System by 21.2% during the 3rd quarter. Citigroup Inc. now owns 19,184 shares of the transportation company’s stock valued at $3,623,000 after buying an additional 3,354 shares in the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Landstar System Stock Performance

Shares of NASDAQ LSTR opened at $149.08 on Friday. The firm’s fifty day moving average is $161.88 and its two-hundred day moving average is $174.76. Landstar System, Inc. has a 52-week low of $144.13 and a 52-week high of $196.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96. The company has a market cap of $5.26 billion, a P/E ratio of 27.01 and a beta of 0.82.

Landstar System (NASDAQ:LSTR) last posted its 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%. As a group, analysts anticipate that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Announces Dividend

The firm 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. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.97%. Landstar System’s dividend payout ratio (DPR) is presently 26.09%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Stifel Nicolaus lifted their target price on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lowered their target price on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Truist Financial assumed coverage on shares of Landstar System in a research note on Thursday, March 13th. They set a “hold” rating and a $160.00 target price on the stock. Finally, Benchmark restated a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $169.45.

Landstar System 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.