Bridge City Capital LLC Has $3.85 Million Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

Bridge City Capital LLC increased its stake in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 28.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,603 shares of the transportation company's stock after purchasing an additional 5,634 shares during the period. Bridge City Capital LLC owned 0.07% of Landstar System worth $3,846,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Robertson Stephens Wealth Management LLC boosted its position in shares of Landstar System by 34.0% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 1,980 shares of the transportation company's stock worth $340,000 after buying an additional 502 shares during the period. Golden State Wealth Management LLC acquired a new position in Landstar System during the 4th quarter worth $25,000. Vest Financial LLC grew its stake in shares of Landstar System by 68.9% in the fourth quarter. Vest Financial LLC now owns 14,088 shares of the transportation company's stock worth $2,421,000 after purchasing an additional 5,749 shares in the last quarter. Apollon Wealth Management LLC increased its holdings in shares of Landstar System by 21.1% during the fourth quarter. Apollon Wealth Management LLC now owns 3,600 shares of the transportation company's stock valued at $619,000 after purchasing an additional 628 shares during the period. Finally, Empowered Funds LLC increased its holdings in shares of Landstar System by 44.9% during the fourth quarter. Empowered Funds LLC now owns 3,389 shares of the transportation company's stock valued at $582,000 after purchasing an additional 1,050 shares during the period. Institutional investors and hedge funds own 97.95% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Susquehanna lowered their target price on shares of Landstar System from $130.00 to $120.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Barclays started coverage on Landstar System in a report on Monday. They set an "equal weight" rating and a $145.00 target price on the stock. Stifel Nicolaus decreased their price target on Landstar System from $147.00 to $140.00 and set a "hold" rating for the company in a research note on Wednesday, May 14th. Wall Street Zen cut Landstar System from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Truist Financial decreased their target price on Landstar System from $150.00 to $135.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $150.00.

Landstar System Trading Up 0.6%

Shares of Landstar System stock traded up $0.80 during trading on Thursday, hitting $140.34. The stock had a trading volume of 258,603 shares, compared to its average volume of 301,024. Landstar System, Inc. has a 1 year low of $128.99 and a 1 year high of $196.86. The stock has a 50 day simple moving average of $138.25 and a 200 day simple moving average of $156.41. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $4.90 billion, a PE ratio of 25.42 and a beta of 0.89.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its earnings results on Tuesday, May 13th. The transportation company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.07). The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.13 billion. Landstar System had a net margin of 4.07% and a return on equity of 19.56%. Landstar System's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned $1.32 earnings per share. On average, research analysts expect that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, June 5th. This is a boost from Landstar System's previous quarterly dividend of $0.36. Landstar System's payout ratio is 31.68%.

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.