Brown Advisory Inc. Purchases 1,961 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Brown Advisory Inc. increased its stake in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 31.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,156 shares of the transportation company's stock after acquiring an additional 1,961 shares during the period. Brown Advisory Inc.'s holdings in Landstar System were worth $1,225,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of LSTR. Alpine Bank Wealth Management bought a new stake in shares of Landstar System in the first quarter worth $25,000. Colonial Trust Co SC increased its stake 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 last quarter. Golden State Wealth Management LLC increased its stake 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 last quarter. First Horizon Advisors Inc. increased its stake 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 last quarter. Finally, BOKF NA increased its stake in shares of Landstar System by 56.1% in 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 last quarter. Hedge funds and other institutional investors own 97.95% of the company's stock.

Landstar System Stock Performance

Shares of LSTR stock traded down $0.98 during trading hours on Wednesday, reaching $135.50. 237,735 shares of the company's stock were exchanged, compared to its average volume of 306,116. Landstar System, Inc. has a fifty-two week low of $128.99 and a fifty-two week high of $196.86. The stock has a market capitalization of $4.74 billion, a P/E ratio of 26.81 and a beta of 0.88. The business has a fifty day moving average price of $140.16 and a 200-day moving average price of $149.65. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.07.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The transportation company reported $0.85 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.07). Landstar System had a net margin of 3.72% and a return on equity of 18.23%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the company earned $1.32 earnings per share. The business's revenue was down 1.6% on a year-over-year basis. Analysts predict 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 was paid on Tuesday, June 24th. Stockholders of record on Thursday, June 5th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Thursday, June 5th. This is a boost from Landstar System's previous quarterly dividend of $0.36. Landstar System's dividend payout ratio is presently 31.68%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on LSTR shares. TD Cowen decreased their price objective on shares of Landstar System from $161.00 to $145.00 and set a "hold" rating for the company in a report on Thursday, April 3rd. JPMorgan Chase & Co. reduced their price target on shares of Landstar System from $139.00 to $138.00 and set a "neutral" rating for the company in a report on Tuesday, July 8th. UBS Group set a $154.00 price objective on shares of Landstar System in a research note on Wednesday, May 14th. Truist Financial cut their price objective on shares of Landstar System from $150.00 to $135.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Finally, Baird R W upgraded shares of Landstar System to a "strong-buy" rating in a research report on Tuesday, July 1st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $151.31.

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.