Aristides Capital LLC Invests $294,000 in Landstar System, Inc. (NASDAQ:LSTR)

Aristides Capital LLC purchased a new stake in Landstar System, Inc. (NASDAQ:LSTR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,710 shares of the transportation company’s stock, valued at approximately $294,000.

Several other hedge funds also recently modified their holdings of LSTR. Aster Capital Management DIFC Ltd boosted its stake in shares of Landstar System by 42.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,097 shares of the transportation company’s stock valued at $360,000 after purchasing an additional 629 shares in the last quarter. Nutshell Asset Management Ltd bought a new position in Landstar System in the 4th quarter valued at approximately $5,448,000. Russell Investments Group Ltd. boosted its position in Landstar System by 4.9% during the 4th quarter. Russell Investments Group Ltd. now owns 123,457 shares of the transportation company’s stock worth $21,217,000 after buying an additional 5,727 shares during the period. Envestnet Asset Management Inc. grew its holdings in Landstar System by 1.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 195,468 shares of the transportation company’s stock worth $33,593,000 after acquiring an additional 3,301 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its position in Landstar System by 4.7% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 240,169 shares of the transportation company’s stock valued at $41,275,000 after acquiring an additional 10,886 shares during the period. Institutional investors and hedge funds own 97.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LSTR shares. Stifel Nicolaus lifted their price target on shares of Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Susquehanna reduced their price target on Landstar System from $150.00 to $130.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 26th. TD Cowen lowered their price objective on Landstar System from $161.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday. Truist Financial reduced their price objective on shares of Landstar System from $160.00 to $150.00 and set a “hold” rating on the stock in a research note on Thursday. Finally, Benchmark restated a “hold” rating on shares of Landstar System in a research 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.com, the company has an average rating of “Hold” and an average price target of $160.45.

Landstar System Stock Performance

LSTR opened at $136.64 on Monday. 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 0.88. The company’s fifty day moving average price is $156.41 and its two-hundred day moving average price is $172.27. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07.

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%. On average, analysts expect that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Dividend Announcement

The business 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 was Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.05%. Landstar System’s dividend payout ratio is presently 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.