Caisse Des Depots ET Consignations Purchases New Stake in Landstar System, Inc. (NASDAQ:LSTR)

Caisse Des Depots ET Consignations acquired a new position in Landstar System, Inc. (NASDAQ:LSTR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,888 shares of the transportation company’s stock, valued at approximately $1,012,000.

Other large investors have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Landstar System in the fourth quarter valued at approximately $63,816,000. Corient Private Wealth LLC lifted its holdings in Landstar System by 1,207.3% during the fourth quarter. Corient Private Wealth LLC now owns 293,899 shares of the transportation company’s stock valued at $50,509,000 after purchasing an additional 271,417 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Landstar System during the 4th quarter valued at approximately $8,463,000. Boston Trust Walden Corp boosted its holdings in shares of Landstar System by 21.1% in the fourth quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company’s stock worth $47,695,000 after acquiring an additional 48,312 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in Landstar System by 509.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 55,048 shares of the transportation company’s stock valued at $10,397,000 after buying an additional 46,014 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors.

Landstar System Stock Down 1.5 %

Shares of Landstar System stock opened at $148.73 on Friday. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. The company has a market cap of $5.25 billion, a P/E ratio of 26.94 and a beta of 0.82. The firm’s 50 day moving average price is $159.96 and its 200-day moving average price is $173.93. Landstar System, Inc. has a 52-week low of $144.13 and a 52-week high of $196.86.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.31 EPS 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%. On average, sell-side analysts predict that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were issued a $0.36 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.44 annualized dividend and a dividend yield of 0.97%. Landstar System’s dividend payout ratio is presently 26.09%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LSTR. Stifel Nicolaus boosted their target price on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Susquehanna lowered their price objective on shares of Landstar System from $150.00 to $130.00 and set a “neutral” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. reduced their target price on Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. Finally, Truist Financial started coverage on Landstar System in a research note on Thursday, March 13th. They issued a “hold” rating and a $160.00 target price for the company. One investment analyst has rated the stock with a sell rating and twelve have given a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $166.73.

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.