Wealth Alliance Has $267,000 Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Wealth Alliance decreased its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 9.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,445 shares of the transportation company’s stock after selling 148 shares during the period. Wealth Alliance’s holdings in Landstar System were worth $267,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. lifted its position in Landstar System by 2.9% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,008 shares of the transportation company’s stock worth $387,000 after acquiring an additional 57 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Landstar System by 13.8% during the first quarter. EverSource Wealth Advisors LLC now owns 595 shares of the transportation company’s stock worth $115,000 after purchasing an additional 72 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in Landstar System by 108.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock worth $26,000 after purchasing an additional 74 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Landstar System by 2.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,974 shares of the transportation company’s stock valued at $549,000 after purchasing an additional 74 shares during the period. Finally, Studio Investment Management LLC grew its holdings in Landstar System by 4.1% in the 2nd quarter. Studio Investment Management LLC now owns 2,155 shares of the transportation company’s stock valued at $398,000 after buying an additional 84 shares in the last quarter. 97.95% of the stock is owned by institutional investors and hedge funds.

Landstar System Stock Performance

Shares of NASDAQ:LSTR opened at $179.59 on Friday. Landstar System, Inc. has a 1 year low of $161.13 and a 1 year high of $201.40. The stock has a market capitalization of $6.42 billion, a price-to-earnings ratio of 27.63 and a beta of 0.80. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.17. The company’s 50 day simple moving average is $185.19 and its 200 day simple moving average is $182.74.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Tuesday, July 30th. The transportation company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. Landstar System had a return on equity of 21.69% and a net margin of 4.49%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the business posted $1.85 EPS. The company’s revenue was down 10.8% compared to the same quarter last year. As a group, research analysts predict that Landstar System, Inc. will post 5.87 EPS for the current fiscal year.

Landstar System Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were paid a dividend of $0.36 per share. This is an increase from Landstar System’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.44 annualized dividend and a yield of 0.80%. Landstar System’s payout ratio is presently 22.15%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on Landstar System from $182.00 to $188.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. TD Cowen boosted their price objective on shares of Landstar System from $171.00 to $176.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Benchmark restated a “hold” rating on shares of Landstar System in a research report on Wednesday, July 31st. Morgan Stanley dropped their price target on shares of Landstar System from $147.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, July 8th. Finally, Susquehanna increased their price target on Landstar System from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Twelve investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $179.73.

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.