Landstar System, Inc. $LSTR Shares Bought by Jump Financial LLC

Key Points

• Jump Financial LLC increased its stake in Landstar System, Inc. by 211.2% during Q1, owning a total of 3,653 shares valued at $549,000.
• Recent analyst ratings show mixed sentiments, with Barclays setting an "equal weight" rating and a $145.00 price target, while others have downgraded their targets.
• Landstar System announced a $0.40 quarterly dividend to be paid on September 9, with a yield of 1.2% and a payout ratio of 33.54%.

Jump Financial LLC lifted its stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 211.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,653 shares of the transportation company's stock after acquiring an additional 2,479 shares during the period. Jump Financial LLC's holdings in Landstar System were worth $549,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management purchased a new stake in Landstar System in the 1st quarter valued at about $25,000. Colonial Trust Co SC grew its holdings in Landstar System by 61.7% in the 4th quarter. Colonial Trust Co SC now owns 186 shares of the transportation company's stock valued at $32,000 after buying an additional 71 shares during the period. Golden State Wealth Management LLC grew its holdings in Landstar System by 106.2% in the 1st quarter. Golden State Wealth Management LLC now owns 299 shares of the transportation company's stock valued at $45,000 after buying an additional 154 shares during the period. Brooklyn Investment Group grew its holdings in Landstar System by 352.2% in the 1st quarter. Brooklyn Investment Group now owns 312 shares of the transportation company's stock valued at $47,000 after buying an additional 243 shares during the period. Finally, First Horizon Advisors Inc. grew its holdings in shares of Landstar System by 35.3% during the 1st quarter. First Horizon Advisors Inc. now owns 322 shares of the transportation company's stock worth $48,000 after purchasing an additional 84 shares during the period. Hedge funds and other institutional investors own 97.95% of the company's stock.

Landstar System Stock Down 0.1%

Shares of LSTR traded down $0.18 during trading on Wednesday, reaching $131.36. The company's stock had a trading volume of 250,129 shares, compared to its average volume of 371,375. The company has a fifty day moving average of $135.75 and a two-hundred day moving average of $140.91. Landstar System, Inc. has a twelve month low of $123.43 and a twelve month high of $196.86. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 27.54 and a beta of 0.84. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.06.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its earnings results on Tuesday, July 29th. The transportation company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.04. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. Landstar System had a return on equity of 17.49% and a net margin of 3.51%.Landstar System's quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.48 EPS. On average, sell-side analysts predict that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Tuesday, August 19th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, August 19th. Landstar System's dividend payout ratio is presently 33.54%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LSTR. Robert W. Baird began coverage on Landstar System in a report on Tuesday, July 1st. They set an "outperform" rating and a $166.00 target price for the company. TD Cowen decreased their target price on Landstar System from $141.00 to $135.00 and set a "hold" rating for the company in a report on Wednesday, July 30th. Susquehanna set a $123.00 target price on Landstar System and gave the stock a "neutral" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. decreased their target price on Landstar System from $139.00 to $138.00 and set a "neutral" rating for the company in a report on Tuesday, July 8th. Finally, UBS Group reduced their price target on Landstar System from $154.00 to $149.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $145.17.

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.