Colony Group LLC Acquires 1,148 Shares of Landstar System, Inc. (NASDAQ:LSTR)
Colony Group LLC increased its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 4.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 24,708 shares of the transportation company’s stock after purchasing an additional 1,148 shares during the period. Colony Group LLC owned 0.06% of Landstar System worth $2,813,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in LSTR. FMR LLC increased its position in Landstar System by 7.0% during the fourth quarter. FMR LLC now owns 911,133 shares of the transportation company’s stock worth $103,750,000 after buying an additional 59,824 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Landstar System during the fourth quarter worth approximately $6,472,000. Man Group plc increased its position in Landstar System by 17.4% during the fourth quarter. Man Group plc now owns 362,646 shares of the transportation company’s stock worth $41,294,000 after buying an additional 53,638 shares during the last quarter. UBS Group AG increased its position in Landstar System by 65.0% during the fourth quarter. UBS Group AG now owns 121,758 shares of the transportation company’s stock worth $13,865,000 after buying an additional 47,976 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in Landstar System by 70.7% during the fourth quarter. UBS Asset Management Americas Inc. now owns 110,467 shares of the transportation company’s stock worth $12,579,000 after buying an additional 45,748 shares during the last quarter.
A number of equities analysts have weighed in on LSTR shares. Goldman Sachs Group started coverage on Landstar System in a research report on Thursday, December 5th. They set a “sell” rating and a $105.00 price target on the stock. Susquehanna Bancshares raised Landstar System from a “neutral” rating to a “positive” rating and boosted their price target for the stock from $117.00 to $140.00 in a research report on Wednesday, January 15th. Morgan Stanley lowered their price target on Landstar System from $80.00 to $74.00 and set an “underweight” rating on the stock in a research report on Monday. Cowen reissued a “hold” rating and set a $118.00 price target on shares of Landstar System in a research report on Wednesday, December 11th. Finally, BidaskClub raised Landstar System from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 25th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $112.24.
Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.15). The business had revenue of $994.90 million for the quarter, compared to the consensus estimate of $993.93 million. Landstar System had a return on equity of 31.05% and a net margin of 5.58%. Landstar System’s revenue was down 15.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.68 earnings per share. Equities research analysts predict that Landstar System, Inc. will post 5.37 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, February 17th were given a dividend of $0.185 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.78%. Landstar System’s payout ratio is 12.94%.
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 service providers.
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