State of New Jersey Common Pension Fund D Acquires 582 Shares of Landstar System, Inc. (NASDAQ:LSTR)

State of New Jersey Common Pension Fund D lifted its stake in Landstar System, Inc. (NASDAQ:LSTR) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,636 shares of the transportation company’s stock after acquiring an additional 582 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Landstar System were worth $2,000,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in LSTR. Golden State Wealth Management LLC bought a new position in shares of Landstar System in the fourth quarter worth $25,000. Trust Co. of Vermont bought a new position in shares of Landstar System in the fourth quarter worth $34,000. TD Private Client Wealth LLC boosted its holdings in shares of Landstar System by 27.9% in the third quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company’s stock worth $137,000 after acquiring an additional 158 shares during the period. Huntington National Bank raised its position in shares of Landstar System by 11.5% in the third quarter. Huntington National Bank now owns 924 shares of the transportation company’s stock worth $175,000 after buying an additional 95 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Landstar System by 14.8% in the third quarter. KBC Group NV now owns 1,006 shares of the transportation company’s stock worth $190,000 after buying an additional 130 shares in the last quarter. 97.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on LSTR shares. UBS Group increased their price objective on Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Susquehanna lowered their price objective on Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Stifel Nicolaus increased their price objective on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Evercore ISI lowered their price objective on Landstar System from $165.00 to $160.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 30th. Finally, Benchmark reiterated a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $170.40.

Landstar System Trading Up 0.4 %

NASDAQ LSTR opened at $159.31 on Monday. The stock’s 50-day simple moving average is $169.52 and its two-hundred day simple moving average is $179.12. Landstar System, Inc. has a twelve month low of $152.73 and a twelve month high of $196.86. The company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 28.86 and a beta of 0.83. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07.

Landstar System (NASDAQ:LSTR) last announced 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 net margin of 4.07% and a return on equity of 19.56%. Research analysts forecast that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.90%. Landstar System’s dividend payout ratio (DPR) is currently 26.09%.

About Landstar System

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.