Quantbot Technologies LP Has $1.81 Million Position in Landstar System, Inc. $LSTR

Quantbot Technologies LP cut its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 20.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,742 shares of the transportation company’s stock after selling 3,795 shares during the quarter. Quantbot Technologies LP’s holdings in Landstar System were worth $1,807,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. MAI Capital Management boosted its position in Landstar System by 79.3% during the 2nd quarter. MAI Capital Management now owns 242 shares of the transportation company’s stock worth $34,000 after acquiring an additional 107 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Landstar System by 132.7% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock worth $37,000 after purchasing an additional 142 shares during the last quarter. UMB Bank n.a. grew its position in Landstar System by 335.8% in the third quarter. UMB Bank n.a. now owns 292 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 225 shares in the last quarter. Hantz Financial Services Inc. increased its stake in Landstar System by 7,650.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 310 shares of the transportation company’s stock valued at $43,000 after buying an additional 306 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Landstar System by 126.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 315 shares of the transportation company’s stock worth $44,000 after buying an additional 176 shares in the last quarter. Institutional investors own 97.95% of the company’s stock.

Landstar System Price Performance

NASDAQ:LSTR opened at $164.51 on Thursday. The company has a market cap of $5.60 billion, a P/E ratio of 49.70 and a beta of 0.82. The firm’s fifty day moving average price is $151.94 and its two-hundred day moving average price is $138.19. Landstar System, Inc. has a one year low of $119.32 and a one year high of $166.11. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75.

Landstar System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 18th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, February 18th. Landstar System’s dividend payout ratio is currently 48.34%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Morgan Stanley lifted their target price on Landstar System from $133.00 to $135.00 and gave the company an “equal weight” rating in a research report on Monday, December 8th. Wells Fargo & Company raised Landstar System from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $145.00 to $170.00 in a research report on Tuesday, January 6th. Truist Financial cut their price objective on Landstar System from $150.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, January 29th. Evercore raised their target price on shares of Landstar System from $125.00 to $151.00 and gave the company an “in-line” rating in a research note on Monday, January 12th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Landstar System in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $153.00.

About Landstar System

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.