State of Alaska Department of Revenue Has $1.16 Million Stock Holdings in Landstar System, Inc. (NASDAQ:LSTR)

State of Alaska Department of Revenue increased its stake in Landstar System, Inc. (NASDAQ:LSTR) by 4.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,160 shares of the transportation company’s stock after acquiring an additional 275 shares during the quarter. State of Alaska Department of Revenue’s holdings in Landstar System were worth $1,162,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its position in shares of Landstar System by 6.2% in the 2nd quarter. Victory Capital Management Inc. now owns 1,697,093 shares of the transportation company’s stock worth $313,080,000 after purchasing an additional 99,461 shares during the period. Janus Henderson Group PLC raised its stake in Landstar System by 30.9% during the first quarter. Janus Henderson Group PLC now owns 180,955 shares of the transportation company’s stock worth $34,880,000 after buying an additional 42,740 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Landstar System by 6.6% in the second quarter. Dimensional Fund Advisors LP now owns 594,895 shares of the transportation company’s stock valued at $109,743,000 after buying an additional 37,020 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in Landstar System during the first quarter valued at $5,366,000. Finally, Vanguard Group Inc. grew its holdings in Landstar System by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 3,480,039 shares of the transportation company’s stock worth $670,812,000 after acquiring an additional 25,387 shares during the period. 97.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LSTR has been the topic of a number of recent analyst reports. Evercore ISI dropped their price objective on Landstar System from $165.00 to $160.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 30th. Morgan Stanley dropped their price target on Landstar System from $147.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, July 8th. Susquehanna reduced their price objective on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday. UBS Group boosted their target price on shares of Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Stephens reduced their price target on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $174.25.

Landstar System Trading Up 0.1 %

NASDAQ:LSTR opened at $177.40 on Tuesday. Landstar System, Inc. has a 52 week low of $165.39 and a 52 week high of $201.40. The firm has a 50-day moving average price of $182.79 and a two-hundred day moving average price of $182.59. The firm has a market cap of $6.27 billion, a price-to-earnings ratio of 30.43 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.17 and a current ratio of 2.21.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Tuesday, October 29th. The transportation company reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). Landstar System had a return on equity of 20.68% and a net margin of 4.32%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the business posted $1.71 earnings per share. The business’s revenue was down 5.8% compared to the same quarter last year. On average, equities analysts expect that Landstar System, Inc. will post 5.74 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, November 19th. Landstar System’s dividend payout ratio is currently 24.70%.

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.