5,329 Shares in Landstar System, Inc. (NASDAQ:LSTR) Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new position in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,329 shares of the transportation company's stock, valued at approximately $800,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alpine Bank Wealth Management bought a new stake in Landstar System during the 1st quarter worth $25,000. Colonial Trust Co SC grew its position in shares of Landstar System by 61.7% in the 4th quarter. Colonial Trust Co SC now owns 186 shares of the transportation company's stock valued at $32,000 after buying an additional 71 shares during the last quarter. Golden State Wealth Management LLC grew its position in shares of Landstar System by 106.2% in the 1st quarter. Golden State Wealth Management LLC now owns 299 shares of the transportation company's stock valued at $45,000 after buying an additional 154 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of Landstar System by 35.3% in the 1st quarter. First Horizon Advisors Inc. now owns 322 shares of the transportation company's stock valued at $48,000 after buying an additional 84 shares during the last quarter. Finally, Allworth Financial LP grew its position in shares of Landstar System by 58.5% in the 1st quarter. Allworth Financial LP now owns 344 shares of the transportation company's stock valued at $48,000 after buying an additional 127 shares during the last quarter. Institutional investors own 97.95% of the company's stock.

Landstar System Stock Up 1.7%

LSTR stock opened at $130.53 on Wednesday. The stock's 50 day simple moving average is $138.94 and its 200 day simple moving average is $145.95. Landstar System, Inc. has a fifty-two week low of $126.70 and a fifty-two week high of $196.86. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.00 and a current ratio of 2.00. The company has a market cap of $4.52 billion, a P/E ratio of 27.36 and a beta of 0.86.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.04. Landstar System had a return on equity of 17.49% and a net margin of 3.51%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the business earned $1.48 EPS. The firm's revenue for the quarter was down 1.1% on a year-over-year basis. On average, research analysts expect that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Tuesday, August 19th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, August 19th. Landstar System's dividend payout ratio is 33.54%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on LSTR shares. JPMorgan Chase & Co. reduced their price target on Landstar System from $139.00 to $138.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 8th. Truist Financial reduced their price target on Landstar System from $150.00 to $135.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Robert W. Baird started coverage on Landstar System in a research report on Tuesday, July 1st. They issued an "outperform" rating and a $166.00 price target on the stock. Wall Street Zen lowered Landstar System from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. Finally, UBS Group reduced their price target on Landstar System from $154.00 to $149.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Landstar System has a consensus rating of "Hold" and an average price target of $145.17.

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.

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