Brooklyn FI LLC Buys New Position in Landstar System, Inc. (NASDAQ:LSTR)

Brooklyn FI LLC acquired a new position in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,112 shares of the transportation company's stock, valued at approximately $386,000.

Several other hedge funds also recently modified their holdings of LSTR. Blue Trust Inc. raised its holdings in shares of Landstar System by 9.1% in the fourth quarter. Blue Trust Inc. now owns 1,936 shares of the transportation company's stock valued at $366,000 after buying an additional 162 shares during the last quarter. KBC Group NV increased its position in Landstar System by 40.9% in the 4th quarter. KBC Group NV now owns 1,417 shares of the transportation company's stock valued at $244,000 after acquiring an additional 411 shares in the last quarter. Boston Trust Walden Corp raised its stake in shares of Landstar System by 21.1% in the fourth quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company's stock worth $47,695,000 after acquiring an additional 48,312 shares during the last quarter. Trust Point Inc. lifted its position in shares of Landstar System by 37.0% during the fourth quarter. Trust Point Inc. now owns 2,446 shares of the transportation company's stock worth $420,000 after purchasing an additional 660 shares in the last quarter. Finally, Confluence Wealth Services Inc. grew its stake in shares of Landstar System by 16.9% during the fourth quarter. Confluence Wealth Services Inc. now owns 6,591 shares of the transportation company's stock valued at $1,161,000 after purchasing an additional 952 shares during the last quarter. Institutional investors and hedge funds own 97.95% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LSTR. Evercore ISI dropped 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. Wall Street Zen lowered Landstar System from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Stifel Nicolaus decreased their price target on Landstar System from $147.00 to $140.00 and set a "hold" rating on the stock in a report on Wednesday, May 14th. JPMorgan Chase & Co. dropped their price objective on Landstar System from $177.00 to $147.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Finally, Benchmark reiterated a "hold" rating on shares of Landstar System in a research report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company's stock. According to data from MarketBeat.com, Landstar System currently has an average rating of "Hold" and a consensus target price of $150.42.

Landstar System Trading Down 0.4%

NASDAQ:LSTR traded down $0.59 during trading hours on Friday, hitting $137.32. The stock had a trading volume of 689,360 shares, compared to its average volume of 296,944. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 24.88 and a beta of 0.92. 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 business's 50 day moving average is $139.17 and its 200-day moving average is $159.07. Landstar System, Inc. has a one year low of $128.99 and a one year 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.07). The business had revenue of $1.15 billion during 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 quarter in the prior year, the firm posted $1.32 earnings per share. Sell-side analysts anticipate that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Thursday, June 5th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.17%. 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%.

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.