Trivium Point Advisory LLC Acquires New Holdings in Landstar System, Inc. $LSTR

Trivium Point Advisory LLC acquired a new stake in shares of Landstar System, Inc. (NASDAQ:LSTR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,706 shares of the transportation company’s stock, valued at approximately $676,000.

Several other hedge funds also recently bought and sold shares of LSTR. Boston Partners grew its stake in Landstar System by 24.1% during the third quarter. Boston Partners now owns 1,761,526 shares of the transportation company’s stock valued at $216,242,000 after acquiring an additional 341,808 shares in the last quarter. Rivulet Capital LLC purchased a new position in Landstar System during the third quarter valued at approximately $36,645,000. Fenimore Asset Management Inc grew its stake in Landstar System by 231.3% during the third quarter. Fenimore Asset Management Inc now owns 341,130 shares of the transportation company’s stock valued at $41,809,000 after acquiring an additional 238,173 shares in the last quarter. First Trust Advisors LP grew its stake in Landstar System by 31.8% during the third quarter. First Trust Advisors LP now owns 964,297 shares of the transportation company’s stock valued at $118,184,000 after acquiring an additional 232,682 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in Landstar System by 80.1% during the second quarter. Qube Research & Technologies Ltd now owns 358,754 shares of the transportation company’s stock valued at $49,874,000 after acquiring an additional 159,541 shares in the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LSTR. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research note on Thursday, January 29th. Stifel Nicolaus increased their price target on shares of Landstar System from $145.00 to $147.00 and gave the stock a “hold” rating in a report on Thursday, April 2nd. Wells Fargo & Company raised shares of Landstar System from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $145.00 to $170.00 in a report on Tuesday, January 6th. JPMorgan Chase & Co. increased their price target on shares of Landstar System from $134.00 to $162.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Finally, Wall Street Zen raised shares of Landstar System from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $153.27.

Landstar System Price Performance

Shares of Landstar System stock opened at $172.87 on Friday. Landstar System, Inc. has a 52-week low of $119.32 and a 52-week high of $175.50. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 52.23 and a beta of 0.80. The company has a fifty day moving average of $156.53 and a 200-day moving average of $144.69. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75.

Landstar System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 18th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. Landstar System’s dividend payout ratio is 48.34%.

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.