State of New Jersey Common Pension Fund D Has $2 Million Stake in Landstar System, Inc. (NASDAQ:LSTR)

State of New Jersey Common Pension Fund D lifted its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,636 shares of the transportation company’s stock after acquiring an additional 582 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Landstar System were worth $2,000,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of Landstar System during the 4th quarter valued at $25,000. Trust Co. of Vermont acquired a new stake in shares of Landstar System during the 4th quarter valued at $34,000. TD Private Client Wealth LLC boosted its holdings in shares of Landstar System by 27.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 158 shares in the last quarter. Huntington National Bank boosted its holdings in shares of Landstar System by 11.5% during the 3rd quarter. Huntington National Bank now owns 924 shares of the transportation company’s stock valued at $175,000 after acquiring an additional 95 shares in the last quarter. Finally, KBC Group NV lifted its holdings in Landstar System by 14.8% during the 3rd quarter. KBC Group NV now owns 1,006 shares of the transportation company’s stock worth $190,000 after buying an additional 130 shares during the period. Institutional investors and hedge funds own 97.95% of the company’s stock.

Landstar System Stock Up 0.4 %

Shares of NASDAQ:LSTR opened at $159.31 on Monday. The company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 28.86 and a beta of 0.83. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. The business’s 50-day moving average is $169.52 and its 200-day moving average is $179.12. Landstar System, Inc. has a 1 year low of $152.73 and a 1 year high of $196.86.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. Equities research analysts predict that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Tuesday, February 18th. Landstar System’s dividend payout ratio (DPR) is currently 26.09%.

Wall Street Analysts Forecast Growth

LSTR has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. UBS Group upped their price target on Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Benchmark reiterated a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. Stifel Nicolaus upped their price target on Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Susquehanna reduced their price target on Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $170.40.

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 services.