LRT Capital Management LLC Buys 1,939 Shares of Landstar System, Inc. (NASDAQ:LSTR)

LRT Capital Management LLC lifted its stake in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 21.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,912 shares of the transportation company's stock after purchasing an additional 1,939 shares during the period. Landstar System accounts for approximately 1.5% of LRT Capital Management LLC's holdings, making the stock its 25th largest holding. LRT Capital Management LLC's holdings in Landstar System were worth $1,875,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Landstar System by 16.1% during 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 in the last quarter. Victory Capital Management Inc. lifted its holdings in Landstar System by 0.7% during 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 in the last quarter. Geode Capital Management LLC lifted its holdings in Landstar System by 0.5% during 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 in the last quarter. Northern Trust Corp lifted its holdings in Landstar System by 15.6% during 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Landstar System by 1.5% in 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 during the period. 97.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Benchmark reissued a "hold" rating on shares of Landstar System in a research note on Monday, April 14th. Susquehanna dropped their price target on Landstar System from $130.00 to $120.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. TD Cowen dropped their price target on Landstar System from $161.00 to $145.00 and set a "hold" rating on the stock in a research note on Thursday, April 3rd. Evercore ISI dropped their price target on Landstar System from $137.00 to $136.00 and set an "in-line" rating on the stock in a research note on Wednesday. Finally, Jefferies Financial Group dropped their price target on Landstar System from $170.00 to $150.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $153.08.

Landstar System Stock Performance

NASDAQ LSTR traded up $0.50 during trading on Friday, reaching $145.09. 472,605 shares of the company's stock were exchanged, compared to its average volume of 292,597. The business has a 50 day moving average price of $141.22 and a 200-day moving average price of $162.20. The stock has a market capitalization of $5.07 billion, a P/E ratio of 26.28 and a beta of 0.92. 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 fifty-two week low of $128.99 and a fifty-two week high of $196.86.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The transportation company reported $0.85 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.07). The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.13 billion. Landstar System had a return on equity of 19.56% and a net margin of 4.07%. Sell-side analysts forecast that Landstar System, Inc. will post 6.1 earnings per share 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. Shareholders of record on Thursday, June 5th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date 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%.

Landstar System 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.