Landstar System, Inc. $LSTR Shares Purchased by Capital Fund Management S.A.

Capital Fund Management S.A. boosted its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 14.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 75,351 shares of the transportation company’s stock after acquiring an additional 9,734 shares during the quarter. Capital Fund Management S.A. owned about 0.22% of Landstar System worth $9,235,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in LSTR. Vestmark Advisory Solutions Inc. increased its holdings in shares of Landstar System by 0.4% in the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 20,585 shares of the transportation company’s stock valued at $2,523,000 after purchasing an additional 78 shares in the last quarter. Cardinal Capital Management boosted its holdings in Landstar System by 0.4% during the third quarter. Cardinal Capital Management now owns 24,324 shares of the transportation company’s stock worth $2,981,000 after buying an additional 90 shares in the last quarter. Huntington National Bank boosted its holdings in Landstar System by 9.7% during the third quarter. Huntington National Bank now owns 1,129 shares of the transportation company’s stock worth $138,000 after buying an additional 100 shares in the last quarter. MAI Capital Management grew its position in Landstar System by 79.3% during the second quarter. MAI Capital Management now owns 242 shares of the transportation company’s stock worth $34,000 after buying an additional 107 shares during the period. Finally, Vident Advisory LLC grew its position in Landstar System by 4.9% during the second quarter. Vident Advisory LLC now owns 2,313 shares of the transportation company’s stock worth $322,000 after buying an additional 107 shares during the period. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Landstar System Stock Down 2.9%

LSTR stock opened at $144.42 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75. The company’s 50 day simple moving average is $153.42 and its 200-day simple moving average is $138.99. Landstar System, Inc. has a 12 month low of $119.32 and a 12 month high of $166.11. The firm has a market capitalization of $4.92 billion, a PE ratio of 43.63 and a beta of 0.82.

Landstar System Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 18th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $1.60 annualized dividend and a yield of 1.1%. Landstar System’s dividend payout ratio (DPR) is presently 48.34%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LSTR. TD Cowen reiterated a “hold” rating on shares of Landstar System in a research report on Friday, January 9th. Barclays raised their price objective on Landstar System from $130.00 to $155.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a report on Thursday, January 29th. Zacks Research upgraded Landstar System from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Finally, Wells Fargo & Company raised Landstar System from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $145.00 to $170.00 in a report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $153.00.

Landstar System Company Profile

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.