Campbell & CO Investment Adviser LLC Makes New Investment in Landstar System, Inc. (NASDAQ:LSTR)

Campbell & CO Investment Adviser LLC bought a new stake in shares of Landstar System, Inc. (NASDAQ:LSTRFree Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,562 shares of the transportation company’s stock, valued at approximately $630,000.

Several other hedge funds and other institutional investors have also bought and sold shares of LSTR. Your Advocates Ltd. LLP boosted its position in Landstar System by 500.0% during the 2nd quarter. Your Advocates Ltd. LLP now owns 150 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 125 shares in the last quarter. Larson Financial Group LLC bought a new stake in Landstar System during the 3rd quarter valued at $49,000. First Capital Advisors Group LLC. purchased a new stake in shares of Landstar System during the 2nd quarter valued at $59,000. Belpointe Asset Management LLC lifted its holdings in shares of Landstar System by 150.7% during the 1st quarter. Belpointe Asset Management LLC now owns 356 shares of the transportation company’s stock valued at $64,000 after purchasing an additional 214 shares during the last quarter. Finally, Impact Partnership Wealth LLC purchased a new stake in shares of Landstar System during the 3rd quarter valued at $108,000. Institutional investors own 99.52% of the company’s stock.

Insider Activity

In other news, VP Michael K. Kneller sold 12,219 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the sale, the vice president now directly owns 61,127 shares in the company, valued at approximately $11,632,468.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

Landstar System Stock Performance

NASDAQ LSTR opened at $192.93 on Monday. The stock has a 50-day simple moving average of $190.91 and a two-hundred day simple moving average of $184.78. The firm has a market capitalization of $6.94 billion, a P/E ratio of 26.25 and a beta of 0.85. Landstar System, Inc. has a fifty-two week low of $161.13 and a fifty-two week high of $208.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.00.

Landstar System Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Monday, February 12th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, February 9th. Landstar System’s dividend payout ratio (DPR) is presently 17.96%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LSTR shares. Wolfe Research upgraded Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 price objective for the company in a report on Wednesday, January 10th. Stifel Nicolaus decreased their price objective on Landstar System from $171.00 to $166.00 and set a “hold” rating for the company in a report on Friday, February 2nd. Morgan Stanley decreased their price objective on Landstar System from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, October 30th. JPMorgan Chase & Co. began coverage on Landstar System in a research note on Monday, December 11th. They issued a “neutral” rating and a $186.00 target price for the company. Finally, Stephens reduced their target price on Landstar System from $210.00 to $190.00 and set an “equal weight” rating for the company in a research note on Friday, October 27th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Landstar System has an average rating of “Hold” and an average price target of $185.00.

Check Out Our Latest Stock Report on LSTR

About Landstar System

(Free Report)

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. The company 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, small package and less-than-truckload service providers.

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Institutional Ownership by Quarter for Landstar System (NASDAQ:LSTR)

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