26,058 Shares in Landstar System, Inc. $LSTR Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in Landstar System, Inc. (NASDAQ:LSTR) during the third quarter, Holdings Channel reports. The firm acquired 26,058 shares of the transportation company’s stock, valued at approximately $3,194,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Boston Partners raised its position in shares of Landstar System by 14.2% in the second quarter. Boston Partners now owns 1,419,718 shares of the transportation company’s stock valued at $197,310,000 after purchasing an additional 176,601 shares during the period. First Trust Advisors LP raised its holdings in Landstar System by 6.8% during the 2nd quarter. First Trust Advisors LP now owns 731,615 shares of the transportation company’s stock valued at $101,709,000 after acquiring an additional 46,547 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Landstar System by 7.8% during the second quarter. JPMorgan Chase & Co. now owns 725,343 shares of the transportation company’s stock worth $100,837,000 after acquiring an additional 52,392 shares in the last quarter. Reinhart Partners LLC. boosted its holdings in shares of Landstar System by 36.4% in the third quarter. Reinhart Partners LLC. now owns 581,293 shares of the transportation company’s stock worth $71,245,000 after acquiring an additional 155,260 shares during the period. Finally, Copeland Capital Management LLC grew its position in shares of Landstar System by 13.1% in the second quarter. Copeland Capital Management LLC now owns 425,443 shares of the transportation company’s stock valued at $59,145,000 after purchasing an additional 49,353 shares in the last quarter. Institutional investors own 97.95% of the company’s stock.

Landstar System Price Performance

LSTR opened at $153.10 on Tuesday. The stock has a market capitalization of $5.26 billion, a P/E ratio of 39.05 and a beta of 0.84. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.05. Landstar System, Inc. has a 12-month low of $119.32 and a 12-month high of $179.51. The stock has a 50-day moving average price of $142.67 and a 200-day moving average price of $134.47.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Tuesday, October 28th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.02). The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Landstar System had a return on equity of 17.24% and a net margin of 2.87%.The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.41 EPS. Equities analysts predict that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Wednesday, January 21st. Investors of record on Tuesday, January 6th were given a $2.00 dividend. This represents a yield of 134.0%. The ex-dividend date was Tuesday, January 6th. Landstar System’s dividend payout ratio (DPR) is presently 40.82%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Susquehanna increased their price target on shares of Landstar System from $110.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Zacks Research upgraded shares of Landstar System from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Barclays upped their price target on shares of Landstar System from $130.00 to $155.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Evercore ISI lifted their price objective on Landstar System from $125.00 to $151.00 and gave the company an “in-line” rating in a research note on Monday, January 12th. Finally, TD Cowen restated a “hold” rating on shares of Landstar System in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $153.00.

Landstar System 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.