Landstar System, Inc. $LSTR Shares Purchased by Bank of America Corp DE

Key Points

• Bank of America increased its Landstar System stake by 13.4% in the first quarter, owning 250,112 shares worth approximately $40.1 million. Institutional investors and hedge funds collectively hold 97.95% of the company.
• Landstar’s latest quarter showed 18.2% year-over-year revenue growth to $1.43 billion, though EPS of $1.44 missed analysts’ $1.49 estimate. The company raised its quarterly dividend to $0.44 per share, equivalent to a 0.9% annual yield.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $196.00. Recent insider activity was negative, including stock sales by the CFO and a director.

Bank of America Corp DE raised its position in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 13.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,112 shares of the transportation company's stock after purchasing an additional 29,595 shares during the period. Bank of America Corp DE owned about 0.74% of Landstar System worth $40,095,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. First Citizens Bank & Trust Co. grew its stake in Landstar System by 1.5% in the 1st quarter. First Citizens Bank & Trust Co. now owns 4,710 shares of the transportation company's stock worth $755,000 after acquiring an additional 68 shares during the period. Petros Family Wealth LLC grew its position in shares of Landstar System by 4.9% in the first quarter. Petros Family Wealth LLC now owns 1,548 shares of the transportation company's stock valued at $248,000 after purchasing an additional 73 shares during the period. CIBC Private Wealth Group LLC grew its position in shares of Landstar System by 29.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 342 shares of the transportation company's stock valued at $49,000 after purchasing an additional 78 shares during the period. SkyView Investment Advisors LLC increased its stake in Landstar System by 1.4% in the fourth quarter. SkyView Investment Advisors LLC now owns 6,388 shares of the transportation company's stock valued at $918,000 after purchasing an additional 89 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in Landstar System by 1.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 6,987 shares of the transportation company's stock worth $1,120,000 after buying an additional 91 shares during the period. 97.95% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO James P. Todd sold 1,200 shares of the business's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $218.17, for a total value of $261,804.00. Following the transaction, the chief financial officer owned 15,122 shares in the company, valued at approximately $3,299,166.74. The trade was a 7.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Diana M. Murphy sold 11,246 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $221.28, for a total value of $2,488,514.88. Following the completion of the transaction, the director directly owned 18,853 shares of the company's stock, valued at $4,171,791.84. This represents a 37.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.74% of the company's stock.

Landstar System Trading Up 1.5%

Shares of LSTR opened at $188.64 on Friday. Landstar System, Inc. has a 12 month low of $119.32 and a 12 month high of $228.46. The stock's 50-day moving average is $202.64 and its two-hundred day moving average is $179.91. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.82 and a quick ratio of 1.82. The stock has a market cap of $6.40 billion, a PE ratio of 48.87 and a beta of 0.90.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.05). Landstar System had a net margin of 2.64% and a return on equity of 20.84%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the business earned $1.20 EPS. The firm's revenue was up 18.2% compared to the same quarter last year. Equities analysts forecast that Landstar System, Inc. will post 5.82 earnings per share for the current fiscal year.

Landstar System announced that its board has initiated a stock repurchase plan on Tuesday, April 28th that authorizes the company to repurchase 1,115,195,000,000 outstanding shares. This repurchase authorization authorizes the transportation company to purchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Landstar System Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Tuesday, August 18th will be issued a $0.44 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $1.76 dividend on an annualized basis and a yield of 0.9%. This is an increase from Landstar System's previous quarterly dividend of $0.40. Landstar System's dividend payout ratio (DPR) is presently 41.45%.

Analyst Ratings Changes

Several research analysts have recently weighed in on LSTR shares. Stephens upgraded shares of Landstar System to a "strong-buy" rating in a report on Wednesday, July 8th. Wall Street Zen raised shares of Landstar System from a "hold" rating to a "buy" rating in a research note on Saturday, July 4th. Evercore set a $181.00 price target on shares of Landstar System in a report on Wednesday, April 29th. Robert W. Baird dropped their price objective on Landstar System from $225.00 to $215.00 and set an "outperform" rating for the company in a report on Wednesday, July 29th. Finally, The Goldman Sachs Group increased their target price on Landstar System from $147.00 to $168.00 and gave the stock a "sell" rating in a research report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $196.00.

Key Stories Impacting Landstar System

Here are the key news stories impacting Landstar System this week:

• Positive Sentiment: Zacks Research raised earnings estimates across multiple periods, including FY2026 EPS to $5.61 from $5.45, FY2027 EPS to $7.22 from $6.88, and FY2028 EPS to $8.03 from $7.69. Quarterly forecasts were also increased, and Zacks maintained a “Strong-Buy” rating, signaling improved confidence in Landstar’s future profitability. Zacks Research estimate revisions
• Positive Sentiment: Landstar’s latest dividend increase reinforces its shareholder-return strategy. The company’s history of raising dividends is being viewed as evidence of financial strength and could appeal to income-focused investors. Should Investors Buy Landstar Stock Post Latest Dividend Hike?
• Neutral Sentiment: Landstar reported strong revenue growth in its most recent quarter, but earnings slightly missed estimates. Revenue rose 18.2% year over year to $1.43 billion, while EPS of $1.44 fell short of the $1.49 consensus. This mixed performance may limit the immediate upside from the bullish long-term forecasts.
• Negative Sentiment: Regulatory uncertainty remains a risk. A Seeking Alpha analysis argued that the Supreme Court’s decision to eliminate certain federal protections could expose Landstar to greater legal, operating or cost pressures, leading the author to assign the stock a “Hold” view rather than a more bullish rating. Landstar System: Why the Supreme Court’s Decision Makes It a Hold

Landstar System Profile

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar's proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.

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