Bridge City Capital LLC Grows Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

Bridge City Capital LLC lifted its stake in Landstar System, Inc. (NASDAQ:LSTR) by 0.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 19,969 shares of the transportation company’s stock after acquiring an additional 178 shares during the quarter. Bridge City Capital LLC’s holdings in Landstar System were 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 recently bought and sold shares of LSTR. Victory Capital Management Inc. boosted its position 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 worth $278,673,000 after purchasing an additional 11,146 shares in the last quarter. State Street Corp lifted its stake in shares of Landstar System by 1.4% in the 3rd quarter. State Street Corp now owns 1,117,857 shares of the transportation company’s stock valued at $211,130,000 after purchasing an additional 15,328 shares during the period. Geode Capital Management LLC boosted its holdings in Landstar System by 5.1% during 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 in the last quarter. Jacobs Levy Equity Management Inc. grew its position in Landstar System by 10.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 429,928 shares of the transportation company’s stock valued at $81,201,000 after buying an additional 41,758 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Landstar System by 4.3% in the fourth quarter. Bank of New York Mellon Corp now owns 389,019 shares of the transportation company’s stock valued at $66,857,000 after buying an additional 15,986 shares in the last quarter. 97.95% of the stock is owned by institutional investors and hedge funds.

Landstar System Stock Performance

NASDAQ:LSTR opened at $149.08 on Friday. The company has a market cap of $5.26 billion, a P/E ratio of 27.01 and a beta of 0.82. Landstar System, Inc. has a twelve month low of $144.13 and a twelve month high of $196.86. The company’s 50-day moving average price is $161.88 and its 200-day moving average price is $174.76. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07.

Landstar System (NASDAQ:LSTR) last issued its 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 return on equity of 19.56% and a net margin of 4.07%. On average, sell-side analysts forecast that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Tuesday, February 18th. Landstar System’s dividend payout ratio (DPR) is presently 26.09%.

Analyst Upgrades and Downgrades

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