Hudson Bay Capital Management LP Has $2.10 Million Stock Position in Landstar System, Inc. $LSTR

Hudson Bay Capital Management LP boosted its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 40.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,115 shares of the transportation company’s stock after buying an additional 4,961 shares during the quarter. Hudson Bay Capital Management LP’s holdings in Landstar System were worth $2,098,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Quarry LP acquired a new stake in Landstar System during the 3rd quarter valued at $25,000. MAI Capital Management raised its position in shares of Landstar System by 79.3% in the second quarter. MAI Capital Management now owns 242 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 107 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Landstar System by 132.7% in the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 142 shares during the period. UMB Bank n.a. lifted its position in Landstar System by 335.8% during the third quarter. UMB Bank n.a. now owns 292 shares of the transportation company’s stock worth $36,000 after acquiring an additional 225 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Landstar System by 126.6% during the second quarter. EverSource Wealth Advisors LLC now owns 315 shares of the transportation company’s stock worth $44,000 after acquiring an additional 176 shares during the period. Institutional investors own 97.95% of the company’s stock.

Wall Street Analyst Weigh In

LSTR has been the topic of a number of recent research reports. Morgan Stanley increased their target price on Landstar System from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Monday, December 8th. Robert W. Baird set a $164.00 price target on shares of Landstar System in a research report on Friday, January 30th. Zacks Research upgraded shares of Landstar System from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. TD Cowen reissued a “hold” rating on shares of Landstar System in a report on Friday, January 9th. Finally, Barclays increased their target price on shares of Landstar System from $130.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Landstar System has a consensus rating of “Hold” and an average target price of $153.00.

Landstar System Price Performance

LSTR stock opened at $148.81 on Friday. The company’s 50-day moving average price is $153.18 and its two-hundred day moving average price is $139.71. The firm has a market cap of $5.07 billion, a P/E ratio of 44.96 and a beta of 0.82. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. Landstar System, Inc. has a 12 month low of $119.32 and a 12 month high of $166.11.

Landstar System Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 18th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, February 18th. Landstar System’s dividend payout ratio (DPR) is 48.34%.

Landstar System 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.