Hilton Capital Management LLC Has $1.35 Million Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Hilton Capital Management LLC grew its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,878 shares of the transportation company’s stock after purchasing an additional 338 shares during the period. Hilton Capital Management LLC’s holdings in Landstar System were worth $1,354,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Victory Capital Management Inc. raised its holdings in shares of Landstar System by 0.7% in the fourth 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 grew its stake in shares of Landstar System by 1.4% in the third quarter. State Street Corp now owns 1,117,857 shares of the transportation company’s stock valued at $211,130,000 after buying an additional 15,328 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Landstar System by 5.1% in the third quarter. Geode Capital Management LLC now owns 813,546 shares of the transportation company’s stock valued at $153,685,000 after buying an additional 39,223 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Landstar System by 10.8% in 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 in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of 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 currently owned by institutional investors and hedge funds.

Landstar System Trading Up 0.9 %

Shares of Landstar System stock opened at $150.41 on Friday. The firm has a 50-day moving average of $163.83 and a 200-day moving average of $175.97. The stock has a market cap of $5.31 billion, a PE ratio of 27.25 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.

Landstar System (NASDAQ:LSTR) last announced its earnings results 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%. As a group, sell-side analysts forecast that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Stifel Nicolaus raised their target price on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Benchmark reissued a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their price objective on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Truist Financial initiated coverage on shares of Landstar System in a research report on Thursday. They set a “hold” rating and a $160.00 price objective for the company. Finally, Raymond James cut shares of Landstar System from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating and twelve have given a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $169.45.

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.