Jefferies Financial Group Inc. Invests $800,000 in Landstar System, Inc. (NASDAQ:LSTR)

Key Points

• Jefferies Financial Group Inc. acquired 5,329 shares of Landstar System, valued at approximately $800,000, marking a significant investment during the first quarter.
• Landstar System's stock has seen a 1.0% increase, trading at $131.79, with a 52-week range between $126.70 and $196.86.
• The company announced a quarterly dividend of $0.40, representing an annualized yield of 1.2%, with the payment scheduled for September 9th.

Jefferies Financial Group Inc. purchased a new position in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,329 shares of the transportation company's stock, valued at approximately $800,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management purchased a new stake in shares of Landstar System in the first quarter worth about $25,000. Colonial Trust Co SC boosted its position in shares of Landstar System by 61.7% in the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company's stock worth $32,000 after buying an additional 71 shares during the period. Golden State Wealth Management LLC boosted its position in shares of Landstar System by 106.2% in the first quarter. Golden State Wealth Management LLC now owns 299 shares of the transportation company's stock worth $45,000 after buying an additional 154 shares during the period. First Horizon Advisors Inc. boosted its position in shares of Landstar System by 35.3% in the first quarter. First Horizon Advisors Inc. now owns 322 shares of the transportation company's stock worth $48,000 after buying an additional 84 shares during the period. Finally, Allworth Financial LP boosted its position in shares of Landstar System by 58.5% in the first quarter. Allworth Financial LP now owns 344 shares of the transportation company's stock worth $48,000 after buying an additional 127 shares during the period. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Landstar System Stock Performance

Shares of Landstar System stock traded down $1.60 on Friday, reaching $127.08. 293,850 shares of the company were exchanged, compared to its average volume of 443,921. Landstar System, Inc. has a 1-year low of $126.70 and a 1-year 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 firm has a market cap of $4.40 billion, a price-to-earnings ratio of 26.64 and a beta of 0.86. The company's 50-day moving average is $138.45 and its two-hundred day moving average is $145.20.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its earnings results on Tuesday, July 29th. The transportation company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.16 by $0.04. Landstar System had a return on equity of 17.49% and a net margin of 3.51%. The firm had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.21 billion. During the same period last year, the firm earned $1.48 EPS. The firm's revenue was down 1.1% compared to the same quarter last year. As a group, 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. Shareholders 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 1.3%. The ex-dividend date of this dividend is Tuesday, August 19th. Landstar System's dividend payout ratio (DPR) is presently 33.54%.

Analysts Set New Price Targets

LSTR has been the subject of several analyst reports. Robert W. Baird initiated coverage on Landstar System in a research report on Tuesday, July 1st. They issued an "outperform" rating and a $166.00 target price for the company. Benchmark reissued a "hold" rating on shares of Landstar System in a report on Monday, April 14th. Wall Street Zen downgraded Landstar System from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. UBS Group reduced their price target on Landstar System from $154.00 to $149.00 and set a "neutral" rating for the company in a report on Wednesday, July 30th. Finally, Barclays began coverage on Landstar System in a report on Monday, June 9th. They issued an "equal weight" rating and a $145.00 price target for the company. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Landstar System currently has an average rating of "Hold" and a consensus price target of $145.17.

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.