Gotham Asset Management LLC Has $11.30 Million Stake in Landstar System, Inc. (NASDAQ:LSTR)

Gotham Asset Management LLC boosted its stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 10.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,761 shares of the transportation company's stock after purchasing an additional 6,197 shares during the quarter. Gotham Asset Management LLC owned approximately 0.19% of Landstar System worth $11,302,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in shares of Landstar System during the 4th quarter worth approximately $25,000. HM Payson & Co. purchased a new stake in shares of Landstar System in the fourth quarter valued at about $26,000. Colonial Trust Co SC increased its position in Landstar System by 61.7% during the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company's stock worth $32,000 after buying an additional 71 shares in the last quarter. Trust Co. of Vermont purchased a new stake in Landstar System during the 4th quarter worth about $34,000. Finally, BOKF NA boosted its position in Landstar System by 56.1% during the fourth quarter. BOKF NA now owns 348 shares of the transportation company's stock worth $58,000 after acquiring an additional 125 shares during the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.

Landstar System Price Performance

Shares of NASDAQ:LSTR traded up $2.14 during midday trading on Thursday, hitting $144.59. The stock had a trading volume of 455,552 shares, compared to its average volume of 291,561. The company's 50-day moving average price is $142.07 and its 200-day moving average price is $162.84. Landstar System, Inc. has a fifty-two week low of $128.99 and a fifty-two week high of $196.86. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $5.05 billion, a P/E ratio of 26.19 and a beta of 0.92.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its earnings results on Tuesday, May 13th. The transportation company reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.07). The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.13 billion. Landstar System had a return on equity of 19.56% and a net margin of 4.07%. As a group, equities research analysts predict that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, June 5th. This is an increase from Landstar System's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.11%. Landstar System's payout ratio is presently 26.09%.

Analyst Ratings Changes

A number of equities analysts have recently commented on LSTR shares. Susquehanna cut their target price on shares of Landstar System from $130.00 to $120.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Evercore ISI reduced their price target on Landstar System from $137.00 to $136.00 and set an "in-line" rating for the company in a report on Wednesday. TD Cowen reduced their target price on Landstar System from $161.00 to $145.00 and set a "hold" rating for the company in a research note on Thursday, April 3rd. Jefferies Financial Group reduced their price objective on shares of Landstar System from $170.00 to $150.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Finally, Truist Financial decreased their price objective on shares of Landstar System from $150.00 to $135.00 and set a "hold" rating for the company in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $153.08.

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.