Landstar System, Inc. (NASDAQ:LSTR) Shares Bought by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC boosted its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 51.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,943 shares of the transportation company’s stock after acquiring an additional 2,006 shares during the period. Capstone Investment Advisors LLC’s holdings in Landstar System were worth $1,146,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Landstar System by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 3,454,652 shares of the transportation company’s stock valued at $668,993,000 after buying an additional 27,026 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of 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 buying an additional 224,286 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Landstar System by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 555,085 shares of the transportation company’s stock valued at $107,496,000 after buying an additional 21,395 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Landstar System by 1.8% in the 4th quarter. Wells Fargo & Company MN now owns 437,754 shares of the transportation company’s stock valued at $84,771,000 after buying an additional 7,669 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings 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 buying an additional 8,219 shares in the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

Landstar System Stock Performance

Landstar System stock traded down $3.86 during trading hours on Friday, reaching $180.31. 428,486 shares of the stock were exchanged, compared to its average volume of 239,843. The stock has a market cap of $6.45 billion, a P/E ratio of 27.74 and a beta of 0.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.22 and a current ratio of 2.22. Landstar System, Inc. has a 52-week low of $161.13 and a 52-week high of $208.62. The firm’s 50 day moving average is $181.21 and its 200 day moving average is $185.95.

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

Landstar System Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Wednesday, May 8th were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, May 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.73%. Landstar System’s dividend payout ratio (DPR) is presently 20.31%.

Analyst Ratings Changes

LSTR has been the subject of several research analyst reports. Stifel Nicolaus lowered their target price on shares of Landstar System from $166.00 to $164.00 and set a “hold” rating for the company in a report on Monday, April 29th. Evercore ISI upped their price target on shares of Landstar System from $161.00 to $173.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. Raymond James assumed coverage on shares of Landstar System in a research report on Wednesday, May 15th. They issued an “outperform” rating and a $205.00 price target for the company. Benchmark reiterated a “hold” rating on shares of Landstar System in a research report on Friday, April 26th. Finally, Susquehanna reduced their price target on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $182.55.

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.