SG Americas Securities LLC Buys 18,420 Shares of Landstar System, Inc. $LSTR

SG Americas Securities LLC increased its stake in Landstar System, Inc. (NASDAQ:LSTR) by 673.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,157 shares of the transportation company’s stock after buying an additional 18,420 shares during the quarter. SG Americas Securities LLC owned approximately 0.06% of Landstar System worth $3,040,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LSTR. Boston Partners lifted its stake in Landstar System by 24.1% in the third quarter. Boston Partners now owns 1,761,526 shares of the transportation company’s stock valued at $216,242,000 after acquiring an additional 341,808 shares during the last quarter. Rivulet Capital LLC acquired a new position in shares of Landstar System during the 3rd quarter worth about $36,645,000. Norges Bank bought a new stake in shares of Landstar System in the 2nd quarter valued at about $40,190,000. Fenimore Asset Management Inc raised its holdings in shares of Landstar System by 231.3% in the 3rd quarter. Fenimore Asset Management Inc now owns 341,130 shares of the transportation company’s stock valued at $41,809,000 after purchasing an additional 238,173 shares during the period. Finally, First Trust Advisors LP lifted its stake in Landstar System by 31.8% in the 3rd quarter. First Trust Advisors LP now owns 964,297 shares of the transportation company’s stock valued at $118,184,000 after purchasing an additional 232,682 shares during the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on LSTR. TD Cowen reiterated a “hold” rating on shares of Landstar System in a report on Friday, January 9th. Susquehanna raised their price objective on Landstar System from $110.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Stifel Nicolaus boosted their target price on Landstar System from $145.00 to $147.00 and gave the stock a “hold” rating in a report on Thursday. Weiss Ratings upgraded Landstar System from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Finally, Evercore raised their price target on Landstar System from $125.00 to $151.00 and gave the company an “in-line” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, Landstar System presently has an average rating of “Hold” and a consensus price target of $153.00.

Landstar System Price Performance

Landstar System stock opened at $163.27 on Friday. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of 49.33 and a beta of 0.80. The company has a current ratio of 1.75, a quick 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. The stock’s 50 day moving average is $153.90 and its 200-day moving average is $141.54.

Landstar System Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 18th were issued a dividend of $0.40 per share. 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 1.0%. Landstar System’s dividend payout ratio (DPR) is currently 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.