Occudo Quantitative Strategies LP Purchases New Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Occudo Quantitative Strategies LP purchased a new stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,264 shares of the transportation company's stock, valued at approximately $389,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LSTR. Roberts Wealth Advisors LLC grew its holdings in shares of Landstar System by 1.3% during the 4th quarter. Roberts Wealth Advisors LLC now owns 4,616 shares of the transportation company's stock valued at $818,000 after acquiring an additional 60 shares in the last quarter. Colonial Trust Co SC lifted its holdings in shares of Landstar System by 61.7% during the 4th quarter. Colonial Trust Co SC now owns 186 shares of the transportation company's stock valued at $32,000 after buying an additional 71 shares during the last quarter. Huntington National Bank raised its position in Landstar System by 12.2% during the fourth quarter. Huntington National Bank now owns 1,037 shares of the transportation company's stock valued at $178,000 after acquiring an additional 113 shares in the last quarter. BOKF NA lifted its stake 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. Finally, Bessemer Group Inc. increased its stake in shares of Landstar System by 6.9% during the 4th quarter. Bessemer Group Inc. now owns 2,213 shares of the transportation company's stock worth $380,000 after purchasing an additional 143 shares during the last quarter. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. 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 research report on Wednesday, May 14th. Susquehanna lowered 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. TD Cowen cut their target price on shares of Landstar System from $161.00 to $145.00 and set a "hold" rating for the company in a research report on Thursday, April 3rd. JPMorgan Chase & Co. cut their price objective on Landstar System from $177.00 to $147.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Finally, Truist Financial dropped their price target on Landstar System from $150.00 to $135.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the company. Based on data from MarketBeat.com, Landstar System currently has a consensus rating of "Hold" and a consensus target price of $150.42.

Landstar System Price Performance

Shares of LSTR traded down $1.78 during trading hours on Wednesday, hitting $141.15. The stock had a trading volume of 54,270 shares, compared to its average volume of 292,653. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 25.57 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. The company's fifty day moving average is $140.97 and its two-hundred day moving average is $161.64. Landstar System, Inc. has a 52 week low of $128.99 and a 52 week high of $196.86.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its earnings results on Tuesday, May 13th. The transportation company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.07). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the firm earned $1.32 earnings per share. The firm's revenue was down 1.6% compared to the same quarter last year. On average, analysts anticipate that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Thursday, June 5th will be paid a $0.40 dividend. The ex-dividend date is Thursday, June 5th. This is a positive change from Landstar System's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. Landstar System's dividend payout ratio (DPR) 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.