4,780 Shares in Landstar System, Inc. (NASDAQ:LSTR) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

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%.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,780 shares of the transportation company's stock, valued at approximately $718,000.

Several other hedge funds have also added to or reduced their stakes in the company. Alpine Bank Wealth Management bought a new position in shares of Landstar System in the 1st quarter valued at $25,000. Colonial Trust Co SC increased its stake in shares of Landstar System by 61.7% in 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 during the last quarter. Golden State Wealth Management LLC grew its position in Landstar System by 106.2% during the 1st quarter. Golden State Wealth Management LLC now owns 299 shares of the transportation company's stock worth $45,000 after acquiring an additional 154 shares during the last quarter. First Horizon Advisors Inc. grew its position in Landstar System by 35.3% during the 1st quarter. First Horizon Advisors Inc. now owns 322 shares of the transportation company's stock worth $48,000 after acquiring an additional 84 shares during the last quarter. Finally, Allworth Financial LP grew its position in Landstar System by 58.5% during the 1st quarter. Allworth Financial LP now owns 344 shares of the transportation company's stock worth $48,000 after acquiring an additional 127 shares during the last quarter. 97.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Susquehanna set a $123.00 price objective on Landstar System and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Evercore ISI dropped their price target on Landstar System from $135.00 to $132.00 and set an "in-line" rating for the company in a research note on Wednesday, July 30th. Baird R W raised Landstar System to a "strong-buy" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. decreased their price objective on Landstar System from $139.00 to $138.00 and set a "neutral" rating on the stock in a report on Tuesday, July 8th. Finally, Stifel Nicolaus decreased their price objective on Landstar System from $140.00 to $131.00 and set a "hold" rating on the stock in a report on Thursday, July 31st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Landstar System has a consensus rating of "Hold" and a consensus price target of $145.17.

Landstar System Stock Performance

Shares of LSTR stock traded up $0.98 during trading hours on Wednesday, reaching $131.51. 94,780 shares of the company traded hands, compared to its average volume of 372,996. The company has a market cap of $4.56 billion, a P/E ratio of 27.53 and a beta of 0.86. Landstar System, Inc. has a 12-month low of $126.70 and a 12-month high of $196.86. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a 50-day moving average price of $138.94 and a 200 day moving average price of $145.95.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its earnings results on Tuesday, July 29th. The transportation company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.04. Landstar System had a return on equity of 17.49% and a net margin of 3.51%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the business earned $1.48 earnings per share. The company's revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, sell-side analysts predict that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Announces Dividend

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

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.