Natixis Advisors L.P. Increases Stake in Landstar System, Inc. (NASDAQ:LSTR)

Natixis Advisors L.P. grew its position in Landstar System, Inc. (NASDAQ:LSTR) by 0.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 177,812 shares of the transportation company’s stock after acquiring an additional 120 shares during the period. Natixis Advisors L.P. owned about 0.49% of Landstar System worth $34,433,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in LSTR. Victory Capital Management Inc. boosted its holdings in Landstar System by 19.2% in the 4th quarter. Victory Capital Management Inc. now owns 1,394,389 shares of the transportation company’s stock valued at $270,024,000 after purchasing an additional 224,286 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Landstar System by 55.1% in the third quarter. Invesco Ltd. now owns 417,932 shares of the transportation company’s stock valued at $73,949,000 after buying an additional 148,490 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in Landstar System by 63.3% during the third quarter. Qube Research & Technologies Ltd now owns 205,239 shares of the transportation company’s stock worth $36,315,000 after acquiring an additional 79,536 shares during the period. Allspring Global Investments Holdings LLC raised its position in Landstar System by 185.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 94,243 shares of the transportation company’s stock worth $16,675,000 after acquiring an additional 61,260 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Landstar System by 49.1% in the third quarter. Envestnet Asset Management Inc. now owns 156,879 shares of the transportation company’s stock valued at $27,758,000 after acquiring an additional 51,669 shares during the period. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LSTR shares. Wolfe Research upgraded shares of Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 target price on the stock in a research report on Wednesday, January 10th. Susquehanna lowered their price target on Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, April 26th. UBS Group lifted their price objective on Landstar System from $175.00 to $200.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. Benchmark reiterated a “hold” rating on shares of Landstar System in a research report on Friday, April 26th. Finally, Stifel Nicolaus dropped their price target on Landstar System from $166.00 to $164.00 and set a “hold” rating for the company in a research report on Monday, April 29th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $183.91.

Landstar System Trading Up 1.8 %

Landstar System stock opened at $180.14 on Friday. The stock has a 50-day moving average price of $182.64 and a 200 day moving average price of $183.43. Landstar System, Inc. has a 52 week low of $161.13 and a 52 week high of $208.62. The stock has a market cap of $6.44 billion, a PE ratio of 27.71, a P/E/G ratio of 4.91 and a beta of 0.86. The company has a current ratio of 2.22, a quick ratio of 2.00 and a debt-to-equity ratio of 0.04.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.04. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.12 billion. Landstar System had a net margin of 4.63% and a return on equity of 23.11%. Equities research analysts predict that Landstar System, Inc. will post 6.49 earnings per share for the current fiscal year.

Landstar System Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Wednesday, May 8th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $1.32 annualized dividend and a yield of 0.73%. Landstar System’s dividend payout ratio (DPR) is presently 20.31%.

Insiders Place Their Bets

In related news, VP Michael K. Kneller sold 12,219 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the transaction, the vice president now directly owns 61,127 shares in the company, valued at $11,632,468.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

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.