Nomura Holdings Inc. Takes $806,000 Position in Landstar System, Inc. (NASDAQ:LSTR)

Nomura Holdings Inc. bought a new position in Landstar System, Inc. (NASDAQ:LSTR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,688 shares of the transportation company's stock, valued at approximately $806,000.

Other hedge funds also recently made changes to their positions in the company. Trust Co. of Vermont acquired a new position in Landstar System in the fourth quarter valued at approximately $34,000. Roberts Wealth Advisors LLC increased its stake in Landstar System by 1.3% in the fourth quarter. Roberts Wealth Advisors LLC now owns 4,616 shares of the transportation company's stock valued at $818,000 after purchasing an additional 60 shares in the last quarter. Genesis Private Wealth LLC bought a new stake in Landstar System in the fourth quarter valued at $277,000. Nisa Investment Advisors LLC increased its stake in Landstar System by 22.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 17,077 shares of the transportation company's stock valued at $2,935,000 after purchasing an additional 3,150 shares in the last quarter. Finally, Wesbanco Bank Inc. grew its stake in Landstar System by 34.7% in the fourth quarter. Wesbanco Bank Inc. now owns 3,890 shares of the transportation company's stock valued at $669,000 after acquiring an additional 1,002 shares during the period. 97.95% of the stock is currently owned by institutional investors.

Landstar System Price Performance

NASDAQ:LSTR traded down $1.31 during trading hours on Friday, hitting $137.01. The company's stock had a trading volume of 219,777 shares, compared to its average volume of 294,408. The company has a market capitalization of $4.79 billion, a P/E ratio of 24.82 and a beta of 0.92. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. The stock has a fifty day simple moving average of $140.25 and a 200-day simple moving average of $160.50. Landstar System, Inc. has a twelve month low of $128.99 and a twelve month high of $196.86.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its earnings results on Tuesday, May 13th. The transportation company reported $0.85 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $1.13 billion. During the same quarter in the prior year, the business earned $1.32 earnings per share. The business's quarterly revenue was down 1.6% on a year-over-year basis. On average, analysts anticipate that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Thursday, June 5th will be issued a dividend of $0.40 per share. This is a positive change from Landstar System's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Thursday, June 5th. Landstar System's dividend payout ratio is currently 31.68%.

Analyst Upgrades and Downgrades

LSTR has been the topic of a number of recent research reports. Wall Street Zen cut Landstar System from a "hold" rating to a "sell" rating in a research report on Thursday. Stifel Nicolaus decreased their price objective on Landstar System from $147.00 to $140.00 and set a "hold" rating on the stock in a research report on Wednesday, May 14th. UBS Group set a $154.00 target price on shares of Landstar System in a research report on Wednesday, May 14th. Benchmark reissued a "hold" rating on shares of Landstar System in a research report on Monday, April 14th. Finally, TD Cowen reduced their price target on Landstar System from $161.00 to $145.00 and set a "hold" rating for the company in a research report on Thursday, April 3rd. Two investment analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to MarketBeat.com, Landstar System has a consensus rating of "Hold" and an average price target of $150.42.

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.