Jane Street Group LLC Acquires 10,096 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Jane Street Group LLC raised its position in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 301.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,450 shares of the transportation company's stock after purchasing an additional 10,096 shares during the quarter. Jane Street Group LLC's holdings in Landstar System were worth $2,312,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of LSTR. Golden State Wealth Management LLC bought a new stake in shares of Landstar System in the fourth quarter worth approximately $25,000. HM Payson & Co. bought a new stake in shares of Landstar System in the fourth quarter worth approximately $26,000. Trust Co. of Vermont bought a new stake in shares of Landstar System in the fourth quarter worth approximately $34,000. Transce3nd LLC bought a new stake in shares of Landstar System in the fourth quarter worth approximately $60,000. Finally, Jones Financial Companies Lllp grew its stake in shares of Landstar System by 225.5% in the fourth quarter. Jones Financial Companies Lllp now owns 895 shares of the transportation company's stock worth $154,000 after acquiring an additional 620 shares during the period. 97.95% of the stock is currently owned by institutional investors.

Landstar System Price Performance

NASDAQ:LSTR traded down $0.88 during trading hours on Monday, hitting $144.21. 297,857 shares of the stock traded hands, compared to its average volume of 292,920. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. Landstar System, Inc. has a 1 year low of $128.99 and a 1 year high of $196.86. The company has a market cap of $5.04 billion, a price-to-earnings ratio of 26.13 and a beta of 0.92. The stock has a 50 day moving average price of $141.22 and a 200 day moving average price of $162.00.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The transportation company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.07). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. The firm had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.13 billion. During the same period in the prior year, the firm earned $1.32 EPS. Landstar System's revenue for the quarter was down 1.6% compared to the same quarter last year. Sell-side analysts forecast 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. Stockholders of record on Thursday, June 5th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, June 5th. This is an increase from Landstar System's previous quarterly dividend of $0.36. Landstar System's payout ratio is 31.68%.

Wall Street Analysts Forecast Growth

LSTR has been the subject of a number of research analyst reports. Truist Financial reduced their price target on shares of Landstar System from $150.00 to $135.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Stifel Nicolaus reduced their price target on shares of Landstar System from $147.00 to $140.00 and set a "hold" rating for the company in a research note on Wednesday, May 14th. Susquehanna dropped their price objective on shares of Landstar System from $130.00 to $120.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Benchmark reissued a "hold" rating on shares of Landstar System in a report on Monday, April 14th. Finally, Evercore ISI dropped their price objective on shares of Landstar System from $137.00 to $136.00 and set an "in-line" rating on the stock in a report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $150.42.

About Landstar System

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.