3,435 Shares in Landstar System, Inc. $LSTR Bought by Childress Capital Advisors LLC

Childress Capital Advisors LLC bought a new stake in Landstar System, Inc. (NASDAQ:LSTR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,435 shares of the transportation company’s stock, valued at approximately $494,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP acquired a new position in shares of Landstar System during the 3rd quarter worth about $25,000. Geneos Wealth Management Inc. raised its position in shares of Landstar System by 132.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock worth $37,000 after acquiring an additional 142 shares in the last quarter. UMB Bank n.a. lifted its stake 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 purchasing an additional 225 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in 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 purchasing an additional 176 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Landstar System by 1,490.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 318 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 298 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Barclays increased their price target on shares of Landstar System from $130.00 to $155.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. Truist Financial lowered their target price on shares of Landstar System from $150.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, January 29th. Stifel Nicolaus increased their target price on shares of Landstar System from $145.00 to $147.00 and gave the company a “hold” rating in a research report on Thursday, April 2nd. Wells Fargo & Company upgraded shares of Landstar System from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $145.00 to $170.00 in a research note on Tuesday, January 6th. Finally, Wall Street Zen raised shares of Landstar System from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $153.27.

Landstar System Stock Up 3.0%

Shares of NASDAQ LSTR opened at $171.45 on Friday. The stock has a market cap of $5.82 billion, a PE ratio of 51.80 and a beta of 0.80. 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 52-week low of $119.32 and a 52-week high of $174.75. The business has a 50-day moving average price of $156.31 and a 200 day moving average price of $144.33.

Landstar System Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 18th were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. Landstar System’s dividend payout ratio is 48.34%.

Landstar System Company 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.