Aster Capital Management DIFC Ltd Increases Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

Aster Capital Management DIFC Ltd increased its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 42.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,097 shares of the transportation company’s stock after purchasing an additional 629 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Landstar System were worth $360,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Nutshell Asset Management Ltd bought a new stake in Landstar System during the fourth quarter valued at approximately $5,448,000. Russell Investments Group Ltd. lifted its position in Landstar System by 4.9% during the fourth quarter. Russell Investments Group Ltd. now owns 123,457 shares of the transportation company’s stock valued at $21,217,000 after purchasing an additional 5,727 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Landstar System by 1.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 195,468 shares of the transportation company’s stock valued at $33,593,000 after purchasing an additional 3,301 shares during the period. Grantham Mayo Van Otterloo & Co. LLC increased its position in Landstar System by 4.7% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 240,169 shares of the transportation company’s stock worth $41,275,000 after buying an additional 10,886 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new position in shares of Landstar System in the fourth quarter worth about $1,104,000. Institutional investors own 97.95% of the company’s stock.

Landstar System Stock Down 1.4 %

Shares of NASDAQ:LSTR opened at $136.64 on Monday. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 24.75 and a beta of 0.88. Landstar System, Inc. has a 12 month low of $132.41 and a 12 month high of $196.86. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average price of $156.41 and a 200 day moving average price of $172.27.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. As a group, equities research analysts predict that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Benchmark reiterated a “hold” rating on shares of Landstar System in a research note on Thursday. Truist Financial reduced their price objective on shares of Landstar System from $160.00 to $150.00 and set a “hold” rating for the company in a research note on Thursday. TD Cowen decreased their price objective on shares of Landstar System from $161.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday. Susquehanna dropped their target price on shares of Landstar System from $150.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. decreased their price target on Landstar System from $177.00 to $147.00 and set a “neutral” rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $160.45.

About Landstar System

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.