BNP Paribas Financial Markets Has $1.59 Million Stock Holdings in Landstar System, Inc. (NASDAQ:LSTR)

BNP Paribas Financial Markets cut its position in shares of Landstar System, Inc. (NASDAQ:LSTR) by 83.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,220 shares of the transportation company’s stock after selling 45,828 shares during the quarter. BNP Paribas Financial Markets’ holdings in Landstar System were worth $1,585,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC grew its position in Landstar System by 16.1% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,764,603 shares of the transportation company’s stock worth $646,985,000 after buying an additional 521,695 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Landstar System by 0.7% in 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 period. Geode Capital Management LLC raised its holdings in shares of Landstar System by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 817,938 shares of the transportation company’s stock worth $140,602,000 after buying an additional 4,392 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Landstar System by 15.6% in the 4th quarter. Northern Trust Corp now owns 672,779 shares of the transportation company’s stock worth $115,624,000 after buying an additional 90,672 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Landstar System by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 617,835 shares of the transportation company’s stock worth $106,184,000 after buying an additional 9,190 shares during the period. 97.95% of the stock is owned by institutional investors and hedge funds.

Landstar System Stock Up 0.3%

NASDAQ:LSTR opened at $145.09 on Monday. The stock’s fifty day moving average price is $141.22 and its two-hundred day moving average price is $162.00. Landstar System, Inc. has a 52-week low of $128.99 and a 52-week high of $196.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 26.28 and a beta of 0.92.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Tuesday, May 13th. The transportation company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.07). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the company posted $1.32 EPS. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, analysts anticipate that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.40 per share. This is an increase from Landstar System’s previous quarterly dividend of $0.36. The ex-dividend date is Thursday, June 5th. This represents a $1.60 annualized dividend and a yield of 1.10%. Landstar System’s dividend payout ratio is currently 31.68%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on LSTR shares. JPMorgan Chase & Co. cut their target price on Landstar System from $177.00 to $147.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Benchmark reiterated a “hold” rating on shares of Landstar System in a research note on Monday, April 14th. Jefferies Financial Group dropped their price objective on Landstar System from $170.00 to $150.00 and set a “hold” rating for the company in a research note on Friday, April 11th. Evercore ISI dropped their price objective on Landstar System from $137.00 to $136.00 and set an “in-line” rating for the company in a research note on Wednesday, May 14th. Finally, Truist Financial reduced their price target on shares of Landstar System from $150.00 to $135.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $153.08.

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.