Dimensional Fund Advisors LP Raises Position in Landstar System, Inc. (NASDAQ:LSTR)

Dimensional Fund Advisors LP increased its stake in Landstar System, Inc. (NASDAQ:LSTR) by 1.5% in the fourth quarter, HoldingsChannel reports. The fund owned 617,835 shares of the transportation company’s stock after purchasing an additional 9,190 shares during the period. Dimensional Fund Advisors LP’s holdings in Landstar System were worth $106,184,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of Landstar System during the fourth quarter valued at about $25,000. HM Payson & Co. purchased a new position in Landstar System during the 4th quarter valued at about $26,000. Trust Co. of Vermont purchased a new position in Landstar System during the 4th quarter valued at about $34,000. Jones Financial Companies Lllp raised its position in Landstar System by 225.5% during the 4th quarter. Jones Financial Companies Lllp now owns 895 shares of the transportation company’s stock valued at $154,000 after purchasing an additional 620 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in Landstar System by 12.2% in the 4th quarter. Huntington National Bank now owns 1,037 shares of the transportation company’s stock worth $178,000 after buying an additional 113 shares during the period. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Landstar System Stock Down 3.5 %

LSTR stock opened at $135.00 on Monday. The business has a 50 day moving average of $147.24 and a 200 day moving average of $166.82. The firm has a market cap of $4.72 billion, a PE ratio of 24.46 and a beta of 0.88. Landstar System, Inc. has a twelve month low of $128.99 and a twelve month high of $196.86. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Truist Financial reduced their target price on Landstar System from $150.00 to $135.00 and set a “hold” rating on the stock in a research note on Thursday. Jefferies Financial Group decreased their price objective on shares of Landstar System from $170.00 to $150.00 and set a “hold” rating for the company in a report on Friday, April 11th. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research note on Monday, April 14th. Susquehanna decreased their price target on shares of Landstar System from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. cut their price objective on Landstar System from $177.00 to $147.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company. According to MarketBeat.com, Landstar System currently has an average rating of “Hold” and a consensus price target of $155.67.

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.