Jane Street Group LLC Has $2.31 Million Position in Landstar System, Inc. (NASDAQ:LSTR)

Jane Street Group LLC raised its stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 301.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,450 shares of the transportation company's stock after purchasing an additional 10,096 shares during the period. Jane Street Group LLC's holdings in Landstar System were worth $2,312,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LSTR. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Landstar System by 16.1% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,764,603 shares of the transportation company's stock worth $646,985,000 after acquiring an additional 521,695 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Landstar System by 0.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,621,511 shares of the transportation company's stock worth $278,673,000 after acquiring an additional 11,146 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Landstar System by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 817,938 shares of the transportation company's stock worth $140,602,000 after acquiring an additional 4,392 shares during the last quarter. Northern Trust Corp grew its stake in shares of Landstar System by 15.6% in the fourth quarter. Northern Trust Corp now owns 672,779 shares of the transportation company's stock worth $115,624,000 after acquiring an additional 90,672 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of 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 acquiring an additional 9,190 shares during the last quarter. Institutional investors and hedge funds own 97.95% of the company's stock.

Landstar System Price Performance

Shares of Landstar System stock traded down $1.62 during trading on Wednesday, reaching $141.31. The company's stock had a trading volume of 12,711 shares, compared to its average volume of 292,504. The stock has a 50-day moving average price of $140.97 and a two-hundred day moving average price of $161.64. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. Landstar System, Inc. has a one year low of $128.99 and a one year high of $196.86. The stock has a market capitalization of $4.94 billion, a P/E ratio of 25.62 and a beta of 0.92.

Landstar System (NASDAQ:LSTR - Get Free Report) last released 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 business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the firm earned $1.32 earnings per share. The business's quarterly revenue was down 1.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Thursday, June 5th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. This is a boost from Landstar System's previous quarterly dividend of $0.36. The ex-dividend date is Thursday, June 5th. Landstar System's payout ratio is currently 31.68%.

Wall Street Analyst Weigh In

Several brokerages recently commented on LSTR. UBS Group set a $154.00 target price on Landstar System in a research report on Wednesday, May 14th. Benchmark reaffirmed a "hold" rating on shares of Landstar System in a research report on Monday, April 14th. Truist Financial reduced their target price on Landstar System from $150.00 to $135.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Jefferies Financial Group reduced their target price on Landstar System from $170.00 to $150.00 and set a "hold" rating for the company in a research report on Friday, April 11th. Finally, Susquehanna reduced their target price on Landstar System from $130.00 to $120.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $150.42.

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.