Bridge City Capital LLC Buys 178 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Bridge City Capital LLC raised its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,969 shares of the transportation company’s stock after acquiring an additional 178 shares during the period. Bridge City Capital LLC owned approximately 0.06% of Landstar System worth $3,432,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in LSTR. Victory Capital Management Inc. grew its holdings in Landstar System by 0.7% during the 4th quarter. Victory Capital Management Inc. now owns 1,621,511 shares of the transportation company’s stock valued at $278,673,000 after purchasing an additional 11,146 shares during the last quarter. State Street Corp grew its stake in shares of Landstar System by 1.4% during the third quarter. State Street Corp now owns 1,117,857 shares of the transportation company’s stock valued at $211,130,000 after buying an additional 15,328 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Landstar System by 5.1% in the third quarter. Geode Capital Management LLC now owns 813,546 shares of the transportation company’s stock worth $153,685,000 after buying an additional 39,223 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of Landstar System by 10.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 429,928 shares of the transportation company’s stock worth $81,201,000 after acquiring an additional 41,758 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Landstar System by 4.3% during the 4th quarter. Bank of New York Mellon Corp now owns 389,019 shares of the transportation company’s stock valued at $66,857,000 after acquiring an additional 15,986 shares during the period. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Landstar System Stock Up 1.7 %

Shares of Landstar System stock opened at $149.08 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 company has a market cap of $5.26 billion, a P/E ratio of 27.01 and a beta of 0.82. The firm’s 50 day moving average price is $161.88 and its 200-day moving average price is $174.76. Landstar System, Inc. has a 52-week low of $144.13 and a 52-week high of $196.86.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. On average, sell-side analysts predict that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Announces Dividend

The company 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 was Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a yield of 0.97%. Landstar System’s dividend payout ratio is currently 26.09%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Benchmark reissued a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. Stifel Nicolaus boosted their price target on Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price objective on Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Finally, Truist Financial initiated coverage on Landstar System in a research report on Thursday, March 13th. They set a “hold” rating and a $160.00 target price for the company. One analyst has rated the stock with a sell rating and twelve have given a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $169.45.

Landstar System 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.