Securian Asset Management Inc. Has $454,000 Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Securian Asset Management Inc. decreased its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,644 shares of the transportation company’s stock after selling 100 shares during the quarter. Securian Asset Management Inc.’s holdings in Landstar System were worth $454,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in 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 last quarter. State Street Corp increased its holdings 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 worth $211,130,000 after buying an additional 15,328 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Landstar System by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 813,546 shares of the transportation company’s stock valued at $153,685,000 after acquiring an additional 39,223 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings 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 valued at $81,201,000 after acquiring an additional 41,758 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position 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 worth $66,857,000 after acquiring an additional 15,986 shares during the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Landstar System Price Performance

Shares of LSTR opened at $150.24 on Tuesday. The firm has a market cap of $5.31 billion, a PE ratio of 27.22 and a beta of 0.82. Landstar System, Inc. has a 52-week low of $147.59 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 business’s 50 day moving average price is $163.43 and its two-hundred day moving average price is $175.68.

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

Landstar System Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Truist Financial started coverage on Landstar System in a research note on Thursday, March 13th. They set a “hold” rating and a $160.00 price target on the stock. 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. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. decreased their price target on Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.