Geode Capital Management LLC Has $140.60 Million Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

Geode Capital Management LLC lifted its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 817,938 shares of the transportation company’s stock after buying an additional 4,392 shares during the period. Geode Capital Management LLC’s holdings in Landstar System were worth $140,602,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LSTR. Golden State Wealth Management LLC acquired a new position in Landstar System in the 4th quarter worth about $25,000. HM Payson & Co. bought a new stake in shares of Landstar System during the fourth quarter worth about $26,000. Trust Co. of Vermont acquired a new position in shares of Landstar System in the fourth quarter valued at approximately $34,000. TD Private Client Wealth LLC increased its stake in shares of 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 period. Finally, Jones Financial Companies Lllp raised 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 valued at $154,000 after buying an additional 620 shares during the last quarter. 97.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LSTR. Susquehanna decreased their price target on shares of Landstar System from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Monday. JPMorgan Chase & Co. decreased their price objective on Landstar System from $177.00 to $147.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Truist Financial lowered their target price on Landstar System from $160.00 to $150.00 and set a “hold” rating for the company in a research report on Thursday, April 3rd. Benchmark reiterated a “hold” rating on shares of Landstar System in a research report on Thursday, April 3rd. Finally, Stifel Nicolaus raised their price objective on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $159.55.

Landstar System Stock Performance

Shares of LSTR stock opened at $134.45 on Tuesday. The firm has a 50 day moving average of $155.57 and a 200-day moving average of $171.92. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 24.36 and a beta of 0.88. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. Landstar System, Inc. has a 52 week low of $131.34 and a 52 week high of $196.86.

Landstar System (NASDAQ:LSTR) last posted its quarterly 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, equities analysts forecast that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders 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 yield of 1.07%. Landstar System’s payout ratio is currently 26.09%.

Landstar System Company 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.