1 day Ago By ABMN Staff
American Century Companies Inc. boosted its stake in shares of Landstar System, Inc. ( NASDAQ:LSTR – Free Report ) by 7.
5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 72,069 shares of the transportation company’s stock after buying an additional 5,055 shares during the quarter. American Century Companies Inc.
’s holdings in Landstar System were worth $12,386,000 as of its most recent SEC filing. A number of other large investors have also added to or reduced their stakes in LSTR. Golden State Wealth Management LLC purchased a new position in Landstar System in the fourth quarter valued at about $25,000.
HM Payson & Co. purchased a new position in Landstar System in the fourth quarter valued at approximately $26,000. Trust Co.
of Vermont bought a new position in Landstar System during the fourth quarter valued at $34,000. TD Private Client Wealth LLC grew its holdings in Landstar System by 27.9% during the third quarter.
TD Private Client Wealth LLC now owns 725 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 158 shares during the period. Finally, Jones Financial Companies Lllp increased its position in Landstar System by 225.5% in the fourth quarter.
Jones Financial Companies Lllp now owns 895 shares of the transportation company’s stock worth $154,000 after buying an additional 620 shares during the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.
Landstar System Stock Performance NASDAQ:LSTR opened at $150.06 on Wednesday. The stock has a market cap of $5.
30 billion, a P/E ratio of 27.18 and a beta of 0.82.
The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.
07. The business’s 50-day moving average price is $158.40 and its two-hundred day moving average price is $173.
14. Landstar System, Inc. has a twelve month low of $144.
13 and a twelve month high of $196.86. Landstar System Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th.
Investors of record on Tuesday, February 18th were given a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, February 18th.
This represents a $1.44 annualized dividend and a yield of 0.96%.
Landstar System’s dividend payout ratio (DPR) is presently 26.09%. Analyst Upgrades and Downgrades Several research analysts have recently weighed in on LSTR shares.
Truist Financial started coverage on Landstar System in a research note on Thursday, March 13th. They set a “hold” rating and a $160.00 price target for the company.
Susquehanna cut their target price on shares of Landstar System from $150.00 to $130.00 and set a “neutral” rating for the company in a research report on Wednesday, March 26th.
Stifel Nicolaus upped their price target on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd.
JPMorgan Chase & Co. cut their price objective on shares of Landstar System from $184.00 to $177.
00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Finally, Benchmark reissued a “hold” rating on shares of Landstar System in a report on Friday, January 31st. One analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock.
According to data from MarketBeat.com, Landstar System presently has an average rating of “Hold” and an average price target of $166.73.
Read Our Latest Report on LSTR About Landstar System ( 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. Further Reading Want to see what other hedge funds are holding LSTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Landstar System, Inc.
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