Landstar System, Inc. (NASDAQ:LSTR) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its position in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 120.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,297 shares of the transportation company's stock after purchasing an additional 90,391 shares during the period. Ameriprise Financial Inc. owned approximately 0.47% of Landstar System worth $28,408,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in LSTR. Kayne Anderson Rudnick Investment Management LLC boosted its position in Landstar System by 16.1% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,764,603 shares of the transportation company's stock valued at $646,985,000 after buying an additional 521,695 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Landstar System by 0.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,621,511 shares of the transportation company's stock worth $278,673,000 after acquiring an additional 11,146 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Landstar System by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 817,938 shares of the transportation company's stock valued at $140,602,000 after purchasing an additional 4,392 shares during the last quarter. Northern Trust Corp grew its stake in Landstar System by 15.6% during the 4th quarter. Northern Trust Corp now owns 672,779 shares of the transportation company's stock valued at $115,624,000 after purchasing an additional 90,672 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Landstar System by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 617,835 shares of the transportation company's stock worth $106,184,000 after purchasing an additional 9,190 shares during the last quarter. 97.95% of the stock is owned by institutional investors and hedge funds.

Landstar System Stock Performance

Shares of Landstar System stock traded up $0.50 on Friday, reaching $145.09. 472,605 shares of the company were exchanged, compared to its average volume of 292,597. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 26.28 and a beta of 0.92. Landstar System, Inc. has a 1-year low of $128.99 and a 1-year high of $196.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96. The company's 50-day moving average is $141.22 and its two-hundred day moving average is $162.20.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The transportation company reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.07). The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.13 billion. Landstar System had a return on equity of 19.56% and a net margin of 4.07%. As a group, research analysts expect that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Thursday, June 5th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This is an increase from Landstar System's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.10%. Landstar System's dividend payout ratio (DPR) is currently 31.68%.

Analysts Set New Price Targets

Several research firms have recently commented on LSTR. TD Cowen reduced their target price on Landstar System from $161.00 to $145.00 and set a "hold" rating for the company in a research note on Thursday, April 3rd. Evercore ISI reduced their price objective on shares of Landstar System from $137.00 to $136.00 and set an "in-line" rating on the stock in a research note on Wednesday. Jefferies Financial Group decreased their price objective on shares of Landstar System from $170.00 to $150.00 and set a "hold" rating for the company in a report on Friday, April 11th. Benchmark restated a "hold" rating on shares of Landstar System in a research note on Monday, April 14th. Finally, Susquehanna reduced their price target on shares of Landstar System from $130.00 to $120.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. One analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $153.08.

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.