Hsbc Holdings PLC Buys 4,641 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Hsbc Holdings PLC boosted its stake in shares of Landstar System, Inc. (NASDAQ:LSTRFree Report) by 137.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,028 shares of the transportation company’s stock after acquiring an additional 4,641 shares during the period. Hsbc Holdings PLC’s holdings in Landstar System were worth $1,556,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. SRS Capital Advisors Inc. boosted its holdings in shares of Landstar System by 209.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 192 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 130 shares in the last quarter. Montag A & Associates Inc. acquired a new stake in shares of Landstar System in the 4th quarter valued at $48,000. GAMMA Investing LLC acquired a new stake in shares of Landstar System in the 4th quarter valued at $58,000. Larson Financial Group LLC boosted its holdings in shares of Landstar System by 77.8% in the 4th quarter. Larson Financial Group LLC now owns 496 shares of the transportation company’s stock valued at $96,000 after purchasing an additional 217 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Landstar System by 126.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 565 shares of the transportation company’s stock valued at $100,000 after purchasing an additional 315 shares in the last quarter. Institutional investors own 97.95% of the company’s stock.

Landstar System Stock Down 0.4 %

Shares of LSTR opened at $180.19 on Friday. The company has a market capitalization of $6.44 billion, a PE ratio of 27.72 and a beta of 0.83. Landstar System, Inc. has a 12 month low of $161.13 and a 12 month high of $208.62. The stock’s 50-day moving average price is $179.79 and its two-hundred day moving average price is $185.55. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.04.

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

Landstar System Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LSTR. Raymond James initiated coverage on Landstar System in a report on Wednesday, May 15th. They issued an “outperform” rating and a $205.00 target price on the stock. Susquehanna cut their price objective on Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, April 26th. Stifel Nicolaus cut their price objective on Landstar System from $166.00 to $164.00 and set a “hold” rating on the stock in a report on Monday, April 29th. Finally, Benchmark reissued a “hold” rating on shares of Landstar System in a report on Friday, April 26th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Landstar System has a consensus rating of “Hold” and a consensus price target of $183.00.

Get Our Latest Research Report on Landstar System

About Landstar System

(Free Report)

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.

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Institutional Ownership by Quarter for Landstar System (NASDAQ:LSTR)

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