Janus Henderson Group PLC Has $49.28 Million Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Janus Henderson Group PLC lifted its stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 23.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 286,706 shares of the transportation company's stock after purchasing an additional 53,782 shares during the period. Janus Henderson Group PLC owned approximately 0.81% of Landstar System worth $49,275,000 at the end of the most recent reporting period.

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

Landstar System Stock Down 1.1%

Shares of Landstar System stock traded down $1.58 on Monday, hitting $143.51. The company had a trading volume of 31,015 shares, compared to its average volume of 291,887. The stock has a 50-day moving average of $141.22 and a 200-day moving average of $162.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. Landstar System, Inc. has a twelve month low of $128.99 and a twelve month high of $196.86. The firm has a market capitalization of $5.02 billion, a P/E ratio of 25.95 and a beta of 0.92.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The transportation company reported $0.85 EPS for the quarter, missing the consensus estimate 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 net margin of 4.07% and a return on equity of 19.56%. The company's revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.32 earnings per share. Research analysts predict that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Increases Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.11%. This is a positive change from Landstar System's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, June 5th. Landstar System's payout ratio is 31.68%.

Analyst Ratings Changes

LSTR has been the subject of several recent research reports. Evercore ISI dropped their price objective on Landstar System from $137.00 to $136.00 and set an "in-line" rating for the company in a report on Wednesday, May 14th. JPMorgan Chase & Co. dropped their price target on shares of Landstar System from $177.00 to $147.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. TD Cowen cut their price objective on shares of Landstar System from $161.00 to $145.00 and set a "hold" rating on the stock in a report on Thursday, April 3rd. Susquehanna reduced their price objective 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. Finally, Stifel Nicolaus dropped their target price on shares of Landstar System from $147.00 to $140.00 and set a "hold" rating for the company in a research report on Wednesday, May 14th. One analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average 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.