Empowered Funds LLC Buys 1,050 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Empowered Funds LLC increased its stake in Landstar System, Inc. (NASDAQ:LSTR) by 44.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,389 shares of the transportation company’s stock after purchasing an additional 1,050 shares during the quarter. Empowered Funds LLC’s holdings in Landstar System were worth $582,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Verition Fund Management LLC boosted its stake in shares of Landstar System by 28.1% in the 3rd quarter. Verition Fund Management LLC now owns 59,005 shares of the transportation company’s stock worth $11,144,000 after buying an additional 12,931 shares during the last quarter. ING Groep NV purchased a new position in Landstar System in the third quarter worth about $1,228,000. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Landstar System by 419.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,682 shares of the transportation company’s stock valued at $695,000 after purchasing an additional 2,973 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Landstar System by 3,775.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 334,853 shares of the transportation company’s stock valued at $63,243,000 after purchasing an additional 326,212 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Landstar System by 8.6% in the 3rd quarter. FMR LLC now owns 162,222 shares of the transportation company’s stock worth $30,639,000 after purchasing an additional 12,894 shares during the period. Institutional investors own 97.95% of the company’s stock.

Landstar System Trading Up 0.5 %

LSTR stock opened at $162.67 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. Landstar System, Inc. has a 1-year low of $157.99 and a 1-year high of $196.86. The business has a 50 day simple moving average of $171.72 and a two-hundred day simple moving average of $179.88. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 29.47 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. Research analysts anticipate that Landstar System, Inc. will post 6.2 EPS for the current fiscal year.

Landstar System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Tuesday, February 18th. Landstar System’s dividend payout ratio is presently 26.09%.

Wall Street Analysts Forecast Growth

LSTR has been the subject of a number of research reports. Evercore ISI reduced their target price on shares of Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a report on Wednesday, October 30th. Stephens reduced their price objective on Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lowered their target price on Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. UBS Group upped their price target on Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, TD Cowen lowered their price objective on Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $170.40.

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.