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Universal Beteiligungs und Servicegesellschaft mbH Acquires New Shares in Landstar System, Inc. (NASDAQ:LSTR)

Landstar System logo with Transportation background

Key Points

  • Universal Beteiligungs und Servicegesellschaft mbH has acquired 4,780 shares of Landstar System, Inc., valued at approximately $718,000, during the first quarter.
  • The stock has been downgraded by several analysts, with price targets reduced to as low as $123.00, and a consensus rating of "Hold" from various research firms.
  • Landstar System announced a quarterly dividend of $0.40 per share, reflecting an annualized dividend yield of 1.2%, with a payout ratio of 33.54%.
  • Five stocks to consider instead of Landstar System.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Landstar System, Inc. (NASDAQ:LSTR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,780 shares of the transportation company's stock, valued at approximately $718,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Alpine Bank Wealth Management purchased a new position in Landstar System in the 1st quarter worth approximately $25,000. Colonial Trust Co SC increased its stake in Landstar System by 61.7% during the 4th quarter. Colonial Trust Co SC now owns 186 shares of the transportation company's stock worth $32,000 after buying an additional 71 shares during the period. Golden State Wealth Management LLC lifted its holdings in Landstar System by 106.2% in the 1st quarter. Golden State Wealth Management LLC now owns 299 shares of the transportation company's stock worth $45,000 after buying an additional 154 shares in the last quarter. First Horizon Advisors Inc. raised its position in shares of Landstar System by 35.3% in the 1st quarter. First Horizon Advisors Inc. now owns 322 shares of the transportation company's stock valued at $48,000 after purchasing an additional 84 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of Landstar System by 58.5% in the 1st quarter. Allworth Financial LP now owns 344 shares of the transportation company's stock valued at $48,000 after purchasing an additional 127 shares in the last quarter. Institutional investors and hedge funds own 97.95% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. TD Cowen dropped their price target on Landstar System from $141.00 to $135.00 and set a "hold" rating on the stock in a research report on Wednesday, July 30th. Susquehanna decreased their target price on Landstar System from $125.00 to $123.00 and set a "neutral" rating on the stock in a report on Wednesday, July 30th. Benchmark reiterated a "hold" rating on shares of Landstar System in a research report on Monday, April 14th. Stifel Nicolaus lowered their price target on Landstar System from $140.00 to $131.00 and set a "hold" rating on the stock in a report on Thursday. Finally, Barclays started coverage on Landstar System in a research note on Monday, June 9th. They set an "equal weight" rating and a $145.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $145.17.

Get Our Latest Research Report on Landstar System

Landstar System Trading Down 0.0%

Landstar System stock traded down $0.02 during midday trading on Monday, hitting $128.35. 453,977 shares of the stock were exchanged, compared to its average volume of 373,468. Landstar System, Inc. has a 52 week low of $126.70 and a 52 week high of $196.86. The stock has a market capitalization of $4.45 billion, a PE ratio of 26.91 and a beta of 0.86. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.06. The company has a fifty day simple moving average of $139.28 and a two-hundred day simple moving average of $146.38.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.16 by $0.04. Landstar System had a net margin of 3.51% and a return on equity of 17.49%. The firm had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.21 billion. During the same period in the previous year, the firm posted $1.48 EPS. The company's revenue for the quarter was down 1.1% on a year-over-year basis. Equities research analysts anticipate that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Shareholders of record on Tuesday, August 19th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $1.60 annualized dividend and a yield of 1.2%. Landstar System's dividend payout ratio is currently 33.54%.

Landstar System Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Landstar System (NASDAQ:LSTR)

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