Wells Fargo & Company MN Has $84.77 Million Position in Landstar System, Inc. (NASDAQ:LSTR)

Wells Fargo & Company MN lifted its position in Landstar System, Inc. (NASDAQ:LSTR) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 437,754 shares of the transportation company’s stock after acquiring an additional 7,669 shares during the period. Wells Fargo & Company MN owned approximately 1.22% of Landstar System worth $84,771,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of LSTR. Victory Capital Management Inc. lifted its stake in Landstar System by 19.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,394,389 shares of the transportation company’s stock valued at $270,024,000 after buying an additional 224,286 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Landstar System by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 555,085 shares of the transportation company’s stock worth $107,496,000 after purchasing an additional 21,395 shares during the period. Invesco Ltd. boosted its stake in Landstar System by 55.1% in the 3rd quarter. Invesco Ltd. now owns 417,932 shares of the transportation company’s stock worth $73,949,000 after purchasing an additional 148,490 shares during the period. AQR Capital Management LLC increased its holdings in Landstar System by 2.9% during the 3rd quarter. AQR Capital Management LLC now owns 383,916 shares of the transportation company’s stock worth $67,930,000 after purchasing an additional 10,753 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Landstar System by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 347,804 shares of the transportation company’s stock valued at $67,352,000 after purchasing an additional 8,219 shares during the period. Institutional investors own 97.95% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on LSTR shares. Stifel Nicolaus decreased their price target on shares of Landstar System from $166.00 to $164.00 and set a “hold” rating for the company in a research note on Monday, April 29th. Raymond James initiated coverage on shares of Landstar System in a research report on Wednesday, May 15th. They set an “outperform” rating and a $205.00 price target on the stock. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research report on Friday, April 26th. UBS Group increased their price target on Landstar System from $175.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Finally, Wells Fargo & Company boosted their price target on Landstar System from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Landstar System currently has an average rating of “Hold” and an average price target of $183.00.

Landstar System Trading Down 0.9 %

Shares of Landstar System stock opened at $179.18 on Friday. The firm’s 50-day moving average price is $181.15 and its two-hundred day moving average price is $184.81. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of 27.57, a PEG ratio of 5.07 and a beta of 0.86. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.04. Landstar System, Inc. has a 12-month low of $161.13 and a 12-month high of $208.62.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.04. Landstar System had a net margin of 4.63% and a return on equity of 23.11%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.12 billion. On average, analysts forecast that Landstar System, Inc. will post 6.31 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Wednesday, May 8th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.74%. The ex-dividend date is Tuesday, May 7th. Landstar System’s payout ratio is 20.31%.

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.