Bridge City Capital LLC Buys 5,634 Shares of Landstar System, Inc. (NASDAQ:LSTR)

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

Several other hedge funds and other institutional investors have also recently modified their holdings of LSTR. Farther Finance Advisors LLC boosted its holdings in Landstar System by 42.9% in the 1st quarter. Farther Finance Advisors LLC now owns 1,884 shares of the transportation company's stock valued at $283,000 after purchasing an additional 566 shares during the period. Fenimore Asset Management Inc raised its position in shares of Landstar System by 0.8% in the first quarter. Fenimore Asset Management Inc now owns 98,921 shares of the transportation company's stock worth $14,858,000 after buying an additional 810 shares in the last quarter. Wesbanco Bank Inc. boosted its stake in Landstar System by 5.1% during the first quarter. Wesbanco Bank Inc. now owns 4,090 shares of the transportation company's stock valued at $614,000 after buying an additional 200 shares during the period. Wedge Capital Management L L P NC grew its position in Landstar System by 22.1% during the first quarter. Wedge Capital Management L L P NC now owns 18,471 shares of the transportation company's stock worth $2,774,000 after buying an additional 3,339 shares in the last quarter. Finally, Impact Capital Partners LLC increased its stake in Landstar System by 9.0% in the 1st quarter. Impact Capital Partners LLC now owns 4,510 shares of the transportation company's stock worth $677,000 after acquiring an additional 372 shares during the last quarter. 97.95% of the stock is currently owned by institutional investors.

Landstar System Price Performance

LSTR stock opened at $140.09 on Monday. The firm has a market cap of $4.90 billion, a P/E ratio of 25.38 and a beta of 0.88. The firm's fifty day moving average is $138.21 and its 200 day moving average is $157.22. Landstar System, Inc. has a 52 week low of $128.99 and a 52 week 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.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The transportation company reported $0.85 earnings per share (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 net margin of 4.07% and a return on equity of 19.56%. The firm's quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business posted $1.32 earnings per share. Research analysts predict that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on LSTR shares. Benchmark reaffirmed a "hold" rating on shares of Landstar System in a report on Monday, April 14th. TD Cowen cut their price target on shares of Landstar System from $161.00 to $145.00 and set a "hold" rating for the company in a research note on Thursday, April 3rd. UBS Group set a $154.00 price target on shares of Landstar System in a report on Wednesday, May 14th. Jefferies Financial Group dropped 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. Finally, Evercore ISI reduced their target price on Landstar System from $137.00 to $136.00 and set an "in-line" rating on the stock in a research note on Wednesday, May 14th. Two analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $150.00.

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.

Want to see what other hedge funds are holding LSTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Landstar System, Inc. (NASDAQ:LSTR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.