Legal & General Group Plc Invests $10.52 Million in Landstar System, Inc. $LSTR

Posted by George Bondi on Sep 1st, 2026

Legal & General Group Plc purchased a new stake in Landstar System, Inc. (NASDAQ:LSTR – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 50,877 shares of the transportation company’s stock, valued at approximately $10,522,000.

Several other large investors have also recently bought and sold shares of LSTR. BlackRock Inc. acquired a new stake in Landstar System in the second quarter valued at $698,683,000. Boston Partners lifted its stake in shares of Landstar System by 24.1% in the third quarter. Boston Partners now owns 1,761,526 shares of the transportation company’s stock valued at $216,242,000 after purchasing an additional 341,808 shares during the period. First Trust Advisors LP boosted its holdings in Landstar System by 19.1% during the first quarter. First Trust Advisors LP now owns 1,118,554 shares of the transportation company’s stock worth $179,315,000 after buying an additional 179,294 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Landstar System by 185.5% during the fourth quarter. AQR Capital Management LLC now owns 987,087 shares of the transportation company’s stock worth $141,844,000 after buying an additional 641,319 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in Landstar System by 99.5% in the fourth quarter. Corient Private Wealth LLC now owns 742,215 shares of the transportation company’s stock valued at $105,877,000 after buying an additional 370,253 shares in the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on LSTR shares. Weiss Ratings upgraded shares of Landstar System from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 16th. Morgan Stanley reaffirmed an “underweight” rating and set a $145.00 price objective on shares of Landstar System in a report on Monday, July 6th. Wolfe Research upgraded Landstar System from a “peer perform” rating to an “outperform” rating and set a $214.00 target price on the stock in a research report on Tuesday, August 4th. Stephens raised Landstar System to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Truist Financial raised their price target on Landstar System from $190.00 to $205.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $196.00.

Get Our Latest Stock Report on Landstar System

Landstar System Trading Up 0.3%

Shares of LSTR opened at $180.63 on Tuesday. The stock has a fifty day moving average of $194.71 and a two-hundred day moving average of $182.18. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.82 and a current ratio of 1.82. The company has a market capitalization of $6.13 billion, a PE ratio of 46.80 and a beta of 0.90. Landstar System, Inc. has a fifty-two week low of $119.32 and a fifty-two week high of $228.46.

Landstar System (NASDAQ:LSTR – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.05). Landstar System had a return on equity of 20.84% and a net margin of 2.64%.The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the business earned $1.20 EPS. Landstar System’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, analysts forecast that Landstar System, Inc. will post 5.84 EPS for the current year.

Landstar System Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Tuesday, August 18th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, August 18th. This is an increase from Landstar System’s previous quarterly dividend of $0.40. Landstar System’s payout ratio is currently 45.60%.

Insider Activity at Landstar System

In related news, Director Diana M. Murphy sold 11,246 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $221.28, for a total value of $2,488,514.88. Following the completion of the sale, the director directly owned 18,853 shares in the company, valued at approximately $4,171,791.84. The trade was a 37.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James P. Todd sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $218.17, for a total transaction of $261,804.00. Following the transaction, the chief financial officer directly owned 15,122 shares of the company’s stock, valued at $3,299,166.74. This trade represents a 7.35% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.74% of the stock is currently owned by company insiders.

Landstar System Company Profile

(Free Report)

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.