Landstar System, Inc. (NASDAQ:LSTR) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. trimmed its position in Landstar System, Inc. (NASDAQ:LSTR) by 41.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,484 shares of the transportation company’s stock after selling 1,070 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Landstar System were worth $287,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of LSTR. Mariner LLC raised its stake in Landstar System by 0.9% during the 3rd quarter. Mariner LLC now owns 9,448 shares of the transportation company’s stock worth $1,672,000 after acquiring an additional 87 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Landstar System during the 4th quarter worth $2,261,000. Vaughan Nelson Investment Management L.P. raised its stake in Landstar System by 4.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 277,741 shares of the transportation company’s stock worth $53,784,000 after acquiring an additional 11,370 shares in the last quarter. Royal Bank of Canada raised its stake in Landstar System by 6.3% during the 3rd quarter. Royal Bank of Canada now owns 335,747 shares of the transportation company’s stock worth $59,407,000 after acquiring an additional 19,920 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in Landstar System by 63.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 205,239 shares of the transportation company’s stock worth $36,315,000 after acquiring an additional 79,536 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LSTR has been the topic of several research analyst reports. Raymond James assumed coverage on shares of Landstar System in a research note on Wednesday, May 15th. They set an “outperform” rating and a $205.00 price target on the stock. Evercore ISI lifted their price objective on shares of Landstar System from $161.00 to $173.00 and gave the company an “in-line” rating in a research note on Tuesday. Susquehanna dropped their price objective on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday, April 26th. Stifel Nicolaus dropped their price objective on shares of Landstar System from $166.00 to $164.00 and set a “hold” rating on the stock in a research note on Monday, April 29th. Finally, Benchmark restated a “hold” rating on shares of Landstar System in a research note on Friday, April 26th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Landstar System has a consensus rating of “Hold” and a consensus price target of $182.55.

Landstar System Stock Down 0.5 %

LSTR stock opened at $182.55 on Thursday. The company has a market cap of $6.53 billion, a P/E ratio of 28.08 and a beta of 0.83. Landstar System, Inc. has a 52 week low of $161.13 and a 52 week high of $208.62. The company’s 50-day moving average price is $179.69 and its 200 day moving average price is $186.10. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.04.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.04. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.12 billion. Landstar System had a net margin of 4.63% and a return on equity of 23.11%. On average, research analysts expect that Landstar System, Inc. will post 6.31 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Wednesday, May 8th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Tuesday, May 7th. Landstar System’s dividend payout ratio is currently 20.31%.

Landstar System Company 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.