UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stake in Landstar System, Inc. (NASDAQ:LSTR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 14.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 125,643 shares of the transportation company's stock after purchasing an additional 15,824 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.36% of Landstar System worth $21,593,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of Landstar System in the fourth quarter worth about $25,000. HM Payson & Co. bought a new position in shares of Landstar System in the fourth quarter worth about $26,000. Colonial Trust Co SC grew its holdings 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 purchasing an additional 71 shares during the last quarter. Transce3nd LLC bought a new position in shares of Landstar System in the fourth quarter worth about $60,000. Finally, BOKF NA grew its holdings 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 purchasing an additional 125 shares during the last quarter. 97.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on LSTR shares. TD Cowen cut their price target on shares of Landstar System from $161.00 to $145.00 and set a "hold" rating on the stock in a report on Thursday, April 3rd. Truist Financial dropped their target price on shares of Landstar System from $150.00 to $135.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. UBS Group set a $154.00 target price on shares of Landstar System in a report on Wednesday, May 14th. Wall Street Zen cut shares of Landstar System from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Evercore ISI dropped their target price on shares of Landstar System from $137.00 to $136.00 and set an "in-line" rating on the stock in a report on Wednesday, May 14th. Two analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company's stock. According to data from MarketBeat.com, Landstar System currently has a consensus rating of "Hold" and an average target price of $150.42.

Landstar System Stock Down 0.4%

Shares of NASDAQ:LSTR traded down $0.59 during trading on Friday, reaching $137.32. The stock had a trading volume of 689,360 shares, compared to its average volume of 296,650. Landstar System, Inc. has a one year low of $128.99 and a one year high of $196.86. The company has a market capitalization of $4.80 billion, a P/E ratio of 24.88 and a beta of 0.92. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. The firm's 50-day simple moving average is $139.17 and its 200 day simple moving average is $158.66.

Landstar System (NASDAQ:LSTR - Get Free Report) last released 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 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 quarter in the prior year, the business posted $1.32 earnings per share. The firm's quarterly revenue was down 1.6% on a year-over-year basis. As a group, research analysts expect 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 given a $0.40 dividend. This is a positive change from Landstar System's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, June 5th. Landstar System's dividend payout ratio (DPR) is presently 31.68%.

Landstar System Company 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.