American National Bank & Trust Buys New Stake in Landstar System, Inc. (NASDAQ:LSTR)

American National Bank & Trust bought a new stake in Landstar System, Inc. (NASDAQ:LSTR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,326 shares of the transportation company's stock, valued at approximately $349,000.

Several other large investors have also recently bought and sold shares of the business. Colonial Trust Co SC boosted its stake in shares of Landstar System by 61.7% during 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. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Landstar System by 3.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,014 shares of the transportation company's stock worth $518,000 after buying an additional 94 shares during the period. Huntington National Bank boosted its stake in shares of Landstar System by 12.2% during the fourth quarter. Huntington National Bank now owns 1,037 shares of the transportation company's stock worth $178,000 after buying an additional 113 shares during the period. BOKF NA boosted its stake in shares of Landstar System by 56.1% during the fourth quarter. BOKF NA now owns 348 shares of the transportation company's stock worth $58,000 after buying an additional 125 shares during the period. Finally, Bessemer Group Inc. boosted its stake in shares of Landstar System by 6.9% during the fourth quarter. Bessemer Group Inc. now owns 2,213 shares of the transportation company's stock worth $380,000 after buying an additional 143 shares during the period. Hedge funds and other institutional investors own 97.95% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on LSTR. Evercore ISI reduced their price objective on shares of Landstar System from $137.00 to $136.00 and set an "in-line" rating for the company in a research report on Wednesday, May 14th. Truist Financial reduced their price objective on shares of Landstar System from $150.00 to $135.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Benchmark restated a "hold" rating on shares of Landstar System in a research report on Monday, April 14th. Wall Street Zen downgraded shares of Landstar System from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Susquehanna reduced 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, April 7th. Two research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to data from MarketBeat.com, Landstar System has a consensus rating of "Hold" and a consensus target price of $150.42.

Landstar System Stock Down 1.0%

Shares of NASDAQ:LSTR traded down $1.39 during midday trading on Thursday, hitting $140.01. 327,411 shares of the company's stock traded hands, compared to its average volume of 299,775. 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 has a market cap of $4.89 billion, a PE ratio of 25.36 and a beta of 0.92. The firm's fifty day moving average price is $138.41 and its two-hundred day moving average price is $157.80. Landstar System, Inc. has a twelve month low of $128.99 and a twelve month high of $196.86.

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 firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.13 billion. Landstar System had a return on equity of 19.56% and a net margin of 4.07%. The business's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.32 EPS. On average, equities research analysts anticipate that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Thursday, June 5th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $1.60 annualized dividend and a dividend yield of 1.14%. This is a positive change from Landstar System's previous quarterly dividend of $0.36. Landstar System's dividend payout ratio (DPR) is presently 31.68%.

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.