Natixis Advisors LLC Boosts Holdings in Landstar System, Inc. $LSTR

Natixis Advisors LLC increased its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 36.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 89,079 shares of the transportation company’s stock after buying an additional 23,704 shares during the period. Natixis Advisors LLC’s holdings in Landstar System were worth $12,801,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in LSTR. Quarry LP purchased a new stake in Landstar System during the third quarter worth about $25,000. Global Retirement Partners LLC increased its holdings in Landstar System by 320.0% during the fourth quarter. Global Retirement Partners LLC now owns 189 shares of the transportation company’s stock worth $27,000 after buying an additional 144 shares during the last quarter. UMB Bank n.a. increased its holdings in Landstar System by 335.8% during the third quarter. UMB Bank n.a. now owns 292 shares of the transportation company’s stock worth $36,000 after buying an additional 225 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Landstar System by 132.7% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock worth $37,000 after buying an additional 142 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Landstar System by 1,490.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 318 shares of the transportation company’s stock worth $39,000 after buying an additional 298 shares during the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Landstar System Price Performance

Landstar System stock opened at $218.06 on Friday. Landstar System, Inc. has a one year low of $119.32 and a one year high of $224.85. The business has a fifty day moving average price of $181.14 and a 200-day moving average price of $159.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market capitalization of $7.40 billion, a P/E ratio of 60.24 and a beta of 0.88.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. Landstar System had a return on equity of 19.49% and a net margin of 2.62%.The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company earned $0.95 earnings per share. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, equities research analysts forecast that Landstar System, Inc. will post 5.57 EPS for the current year.

Landstar System declared that its board has approved a share repurchase plan on Tuesday, April 28th that permits the company to repurchase 1,115,195,000,000 shares. This repurchase authorization permits the transportation company to purchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Landstar System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 19th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, May 19th. Landstar System’s dividend payout ratio (DPR) is 44.20%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wells Fargo & Company increased their target price on shares of Landstar System from $200.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday. Robert W. Baird set a $193.00 target price on shares of Landstar System in a research report on Wednesday, April 29th. Susquehanna increased their target price on shares of Landstar System from $185.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Morgan Stanley increased their target price on shares of Landstar System from $135.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Finally, UBS Group increased their target price on shares of Landstar System from $147.00 to $185.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $183.00.

Landstar System Company Profile

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.