Greykasell Wealth Strategies Inc. Makes New $254,000 Investment in Landstar System, Inc. (NASDAQ:LSTR)

Greykasell Wealth Strategies Inc. purchased a new stake in Landstar System, Inc. (NASDAQ:LSTR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,480 shares of the transportation company’s stock, valued at approximately $254,000.

Several other hedge funds also recently modified their holdings of LSTR. GSA Capital Partners LLP bought a new position in Landstar System in the third quarter valued at about $453,000. Huntington National Bank raised its holdings in Landstar System by 11.5% in the 3rd quarter. Huntington National Bank now owns 924 shares of the transportation company’s stock valued at $175,000 after buying an additional 95 shares during the last quarter. KBC Group NV boosted its position 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. ING Groep NV bought a new stake in Landstar System during the 3rd quarter worth approximately $1,228,000. Finally, OneDigital Investment Advisors LLC increased its position in Landstar System by 1.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,678 shares of the transportation company’s stock valued at $883,000 after acquiring an additional 68 shares during the period. Institutional investors and hedge funds own 97.95% of the company’s stock.

Landstar System Stock Up 0.9 %

Shares of NASDAQ LSTR opened at $150.41 on Friday. 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 firm has a market cap of $5.31 billion, a PE ratio of 27.25 and a beta of 0.82. The company’s fifty day simple moving average is $163.83 and its 200 day simple moving average is $175.94. Landstar System, Inc. has a 12-month low of $147.59 and a 12-month high of $196.86.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) 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%. As a group, sell-side analysts forecast that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Tuesday, February 18th. Landstar System’s payout ratio is 26.09%.

Analyst Ratings Changes

A number of brokerages have recently commented on LSTR. Stifel Nicolaus lifted their price target on shares of Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. 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. Benchmark restated a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. Finally, Truist Financial began coverage on Landstar System in a report on Thursday. They issued a “hold” rating and a $160.00 target price on the stock. One analyst has rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. Based on data from MarketBeat, Landstar System presently has a consensus rating of “Hold” and an average price target of $169.45.

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.