Squarepoint Ops LLC Acquires 2,038 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Squarepoint Ops LLC boosted its stake in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,890 shares of the transportation company's stock after acquiring an additional 2,038 shares during the period. Squarepoint Ops LLC owned 0.06% of Landstar System worth $3,762,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in LSTR. Colonial Trust Co SC boosted its stake in shares of Landstar System by 61.7% during the 4th quarter. Colonial Trust Co SC now owns 186 shares of the transportation company's stock valued at $32,000 after purchasing an additional 71 shares in the last quarter. Huntington National Bank boosted its stake in shares of Landstar System by 12.2% during the 4th quarter. Huntington National Bank now owns 1,037 shares of the transportation company's stock valued at $178,000 after purchasing an additional 113 shares in the last quarter. BOKF NA boosted its stake in shares of Landstar System by 56.1% during the 4th quarter. BOKF NA now owns 348 shares of the transportation company's stock valued at $58,000 after purchasing an additional 125 shares in the last quarter. Bessemer Group Inc. boosted its position in Landstar System by 6.9% during the 4th quarter. Bessemer Group Inc. now owns 2,213 shares of the transportation company's stock valued at $380,000 after acquiring an additional 143 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in Landstar System during the 4th quarter valued at approximately $25,000. Institutional investors own 97.95% of the company's stock.

Wall Street Analysts Forecast Growth

LSTR has been the topic of several research reports. TD Cowen cut their price objective on Landstar System from $161.00 to $145.00 and set a "hold" rating on the stock in a research report on Thursday, April 3rd. Evercore ISI dropped their price target on Landstar System from $137.00 to $136.00 and set an "in-line" rating on the stock in a research report on Wednesday, May 14th. Susquehanna dropped their target price on shares of Landstar System from $130.00 to $120.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Stifel Nicolaus dropped their price objective on shares of Landstar System from $147.00 to $140.00 and set a "hold" rating on the stock in a research note on Wednesday, May 14th. Finally, Truist Financial dropped their target price on Landstar System from $150.00 to $135.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Two analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company's stock. Based on data from MarketBeat, Landstar System currently has a consensus rating of "Hold" and a consensus target price of $150.42.

Landstar System Stock Performance

Shares of NASDAQ LSTR traded up $1.00 during midday trading on Thursday, hitting $137.91. 340,367 shares of the stock traded hands, compared to its average volume of 294,736. The firm has a 50-day moving average of $139.65 and a two-hundred day moving average of $159.81. The firm has a market capitalization of $4.82 billion, a P/E ratio of 24.98 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. 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 posted its 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 4.07% and a return on equity of 19.56%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the company posted $1.32 EPS. The firm's revenue was down 1.6% compared to the same quarter last year. On average, equities analysts forecast that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Thursday, June 5th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, June 5th. This is a boost from Landstar System's previous quarterly dividend of $0.36. Landstar System's dividend payout ratio (DPR) is currently 31.68%.

Landstar System 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.