XTX Topco Ltd Invests $555,000 in Landstar System, Inc. (NASDAQ:LSTR)

XTX Topco Ltd bought a new position in Landstar System, Inc. (NASDAQ:LSTR - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 3,698 shares of the transportation company's stock, valued at approximately $555,000.

A number of other large investors have also recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC boosted its position in Landstar System by 16.1% in the 4th 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 during the period. Victory Capital Management Inc. increased its stake in Landstar System by 2.1% during the 1st quarter. Victory Capital Management Inc. now owns 1,654,910 shares of the transportation company's stock valued at $248,567,000 after purchasing an additional 33,399 shares in the last quarter. Northern Trust Corp increased its stake in Landstar System by 15.6% during the 4th quarter. Northern Trust Corp now owns 672,779 shares of the transportation company's stock valued at $115,624,000 after purchasing an additional 90,672 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Landstar System by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 617,835 shares of the transportation company's stock valued at $106,184,000 after purchasing an additional 9,190 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Landstar System by 28.9% during the 4th quarter. First Trust Advisors LP now owns 526,000 shares of the transportation company's stock valued at $90,398,000 after purchasing an additional 117,961 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors.

Landstar System Stock Down 1.2%

NASDAQ LSTR traded down $1.60 on Friday, hitting $127.08. 293,850 shares of the stock were exchanged, compared to its average volume of 443,921. The company has a market cap of $4.40 billion, a PE ratio of 26.64 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. Landstar System, Inc. has a fifty-two week low of $126.70 and a fifty-two week high of $196.86. The company has a 50-day moving average price of $138.45 and a 200-day moving average price of $144.97.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.20 earnings per share 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 business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the firm earned $1.48 EPS. The company's revenue was down 1.1% compared to the same quarter last year. Sell-side analysts anticipate that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Tuesday, August 19th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.3%. Landstar System's dividend payout ratio is 33.54%.

Analyst Ratings Changes

Several equities analysts have issued reports on LSTR shares. Truist Financial decreased their price objective 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. Susquehanna set a $123.00 price objective on shares of Landstar System and gave the company a "neutral" rating in a report on Wednesday, July 30th. Evercore ISI decreased their price objective on shares of Landstar System from $135.00 to $132.00 and set an "in-line" rating on the stock in a report on Wednesday, July 30th. Baird R W raised shares of Landstar System to a "strong-buy" rating in a research note on Tuesday, July 1st. Finally, Stifel Nicolaus decreased their price target on shares of Landstar System from $140.00 to $131.00 and set a "hold" rating on the stock in a research note on Thursday, July 31st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $145.17.

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.