Landstar System, Inc. (NASDAQ:LSTR) Shares Acquired by Huntington National Bank

Huntington National Bank increased its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 12.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,037 shares of the transportation company’s stock after buying an additional 113 shares during the quarter. Huntington National Bank’s holdings in Landstar System were worth $178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in Landstar System during the 4th quarter worth about $25,000. HM Payson & Co. purchased a new position in shares of Landstar System in the fourth quarter worth about $26,000. Trust Co. of Vermont acquired a new stake in shares of Landstar System during the fourth quarter worth about $34,000. TD Private Client Wealth LLC boosted its position in Landstar System by 27.9% in the third quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company’s stock valued at $137,000 after buying an additional 158 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in Landstar System by 225.5% in the 4th quarter. Jones Financial Companies Lllp now owns 895 shares of the transportation company’s stock worth $154,000 after buying an additional 620 shares during the period. 97.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LSTR has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Landstar System from $177.00 to $147.00 and set a “neutral” rating on the stock in a report on Thursday. Truist Financial lowered their price target on shares of Landstar System from $160.00 to $150.00 and set a “hold” rating on the stock in a report on Thursday. Stifel Nicolaus lifted their price objective on Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Susquehanna lowered their target price on Landstar System from $150.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 26th. Finally, TD Cowen reduced their price target on Landstar System from $161.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $160.45.

Landstar System Trading Down 1.4 %

Shares of LSTR stock opened at $136.64 on Friday. Landstar System, Inc. has a 1-year low of $132.41 and a 1-year high of $196.86. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 24.75 and a beta of 0.82. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. The stock has a 50 day simple moving average of $156.41 and a 200-day simple moving average of $172.34.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data 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%. On average, equities research analysts expect that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.36 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.44 annualized dividend and a yield of 1.05%. Landstar System’s dividend payout ratio (DPR) is currently 26.09%.

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.