Teacher Retirement System of Texas Decreases Position in Landstar System, Inc. (NASDAQ:LSTR)

Teacher Retirement System of Texas decreased its stake in Landstar System, Inc. (NASDAQ:LSTR) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,028 shares of the transportation company’s stock after selling 876 shares during the period. Teacher Retirement System of Texas owned approximately 0.11% of Landstar System worth $6,707,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of LSTR. Royal London Asset Management Ltd. lifted its stake in shares of Landstar System by 2.2% in the fourth quarter. Royal London Asset Management Ltd. now owns 84,472 shares of the transportation company’s stock worth $14,517,000 after acquiring an additional 1,824 shares in the last quarter. Brooklyn FI LLC acquired a new position in shares of Landstar System in the fourth quarter worth about $386,000. Xponance Inc. lifted its stake in shares of Landstar System by 5.1% in the fourth quarter. Xponance Inc. now owns 4,048 shares of the transportation company’s stock worth $696,000 after acquiring an additional 196 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Landstar System by 0.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 336,773 shares of the transportation company’s stock worth $57,878,000 after acquiring an additional 1,920 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its stake in shares of Landstar System by 1,207.3% in the fourth quarter. Corient Private Wealth LLC now owns 293,899 shares of the transportation company’s stock worth $50,509,000 after acquiring an additional 271,417 shares in the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Wall Street Analyst Weigh In

LSTR has been the topic of several recent analyst reports. Stifel Nicolaus boosted their price target on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Benchmark reiterated a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. Truist Financial started coverage on Landstar System in a research note on Thursday, March 13th. They issued a “hold” rating and a $160.00 price target on the stock. Finally, JPMorgan Chase & Co. cut their price objective on Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $169.45.

Landstar System Stock Up 1.7 %

Shares of Landstar System stock opened at $149.08 on Monday. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. The business’s 50 day simple moving average is $161.88 and its 200-day simple moving average is $174.70. The stock has a market capitalization of $5.26 billion, a price-to-earnings 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.

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

Landstar System Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.36 per share. 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 payout ratio is 26.09%.

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.