CenterBook Partners LP Takes $577,000 Position in Landstar System, Inc. (NASDAQ:LSTR)

CenterBook Partners LP purchased a new stake in shares of Landstar System, Inc. (NASDAQ:LSTRFree Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,979 shares of the transportation company’s stock, valued at approximately $577,000.

Other institutional investors have also recently made changes to their positions in the company. Valley Wealth Managers Inc. raised its position in Landstar System by 5.3% in the third quarter. Valley Wealth Managers Inc. now owns 1,386 shares of the transportation company’s stock valued at $245,000 after purchasing an additional 70 shares during the period. Treasurer of the State of North Carolina raised its position in Landstar System by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 15,707 shares of the transportation company’s stock valued at $2,779,000 after purchasing an additional 80 shares during the period. Mariner LLC raised its position in Landstar System by 0.9% in the third quarter. Mariner LLC now owns 9,448 shares of the transportation company’s stock valued at $1,672,000 after purchasing an additional 87 shares during the period. Exchange Traded Concepts LLC raised its position in Landstar System by 17.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 616 shares of the transportation company’s stock valued at $119,000 after purchasing an additional 92 shares during the period. Finally, Quadrant Capital Group LLC increased its position in shares of Landstar System by 9.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,045 shares of the transportation company’s stock worth $202,000 after acquiring an additional 94 shares during the period. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Analysts Set New Price Targets

LSTR has been the subject of a number of analyst reports. Susquehanna lowered their target price on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, April 26th. Raymond James initiated coverage on shares of Landstar System in a research note on Wednesday, May 15th. They set an “outperform” rating and a $205.00 target price for the company. Benchmark reiterated a “hold” rating on shares of Landstar System in a research note on Friday, April 26th. Finally, Stifel Nicolaus decreased their price objective on shares of Landstar System from $166.00 to $164.00 and set a “hold” rating for the company in a research note on Monday, April 29th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $183.00.

View Our Latest Stock Analysis on LSTR

Landstar System Price Performance

Shares of LSTR opened at $180.19 on Monday. Landstar System, Inc. has a fifty-two week low of $161.13 and a fifty-two week high of $208.62. The company has a market capitalization of $6.44 billion, a price-to-earnings ratio of 27.72 and a beta of 0.83. The firm has a 50-day simple moving average of $179.79 and a 200-day simple moving average of $185.63. 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 (NASDAQ:LSTRGet Free Report) last announced its earnings results 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 net margin of 4.63% and a return on equity of 23.11%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.12 billion. On average, equities research analysts anticipate that Landstar System, Inc. will post 6.31 earnings per share for the current year.

Landstar System Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 0.73%. Landstar System’s dividend payout ratio (DPR) is 20.31%.

Landstar System Company Profile

(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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