Tidal Investments LLC Has $1.16 Million Stock Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Tidal Investments LLC decreased its stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 32.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,749 shares of the transportation company's stock after selling 3,304 shares during the period. Tidal Investments LLC's holdings in Landstar System were worth $1,160,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of LSTR. Kayne Anderson Rudnick Investment Management LLC raised its stake in Landstar System by 16.1% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,764,603 shares of the transportation company's stock valued at $646,985,000 after buying an additional 521,695 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Landstar System by 0.7% in the 4th quarter. Victory Capital Management Inc. now owns 1,621,511 shares of the transportation company's stock valued at $278,673,000 after acquiring an additional 11,146 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Landstar System by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 817,938 shares of the transportation company's stock valued at $140,602,000 after acquiring an additional 4,392 shares in the last quarter. Northern Trust Corp lifted its stake in Landstar System by 15.6% during the fourth quarter. Northern Trust Corp now owns 672,779 shares of the transportation company's stock worth $115,624,000 after purchasing an additional 90,672 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Landstar System by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 617,835 shares of the transportation company's stock worth $106,184,000 after purchasing an additional 9,190 shares during the period. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Landstar System Price Performance

Shares of Landstar System stock traded down $0.65 on Friday, hitting $137.26. The company had a trading volume of 92,088 shares, compared to its average volume of 294,344. Landstar System, Inc. has a 52 week low of $128.99 and a 52 week high of $196.86. 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 company has a market cap of $4.80 billion, a PE ratio of 24.99 and a beta of 0.92. The business has a 50-day simple moving average of $139.40 and a 200-day simple moving average of $159.44.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The transportation company reported $0.85 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the business posted $1.32 earnings per share. The business's revenue for the quarter was down 1.6% compared to the same quarter last year. Research analysts expect that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Increases Dividend

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

Analyst Upgrades and Downgrades

LSTR has been the topic of a number of research reports. Stifel Nicolaus dropped their target price on shares of Landstar System from $147.00 to $140.00 and set a "hold" rating on the stock in a report on Wednesday, May 14th. Evercore ISI dropped their price objective on shares of Landstar System from $137.00 to $136.00 and set an "in-line" rating on the stock in a research note on Wednesday, May 14th. UBS Group set a $154.00 target price on shares of Landstar System in a report on Wednesday, May 14th. JPMorgan Chase & Co. decreased their target price on Landstar System from $177.00 to $147.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Finally, Jefferies Financial Group dropped their price target on Landstar System from $170.00 to $150.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $150.42.

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.