Sanctuary Advisors LLC Increases Stake in Landstar System, Inc. (NASDAQ:LSTR)

Sanctuary Advisors LLC raised its position in Landstar System, Inc. (NASDAQ:LSTR) by 8.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 7,233 shares of the transportation company’s stock after purchasing an additional 578 shares during the period. Sanctuary Advisors LLC’s holdings in Landstar System were worth $1,207,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Landstar System by 1.4% during the 3rd quarter. State Street Corp now owns 1,117,857 shares of the transportation company’s stock worth $211,130,000 after acquiring an additional 15,328 shares during the period. Geode Capital Management LLC raised its position in shares of Landstar System by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 813,546 shares of the transportation company’s stock valued at $153,685,000 after buying an additional 39,223 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of Landstar System by 10.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 429,928 shares of the transportation company’s stock valued at $81,201,000 after buying an additional 41,758 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Landstar System by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 362,652 shares of the transportation company’s stock valued at $68,494,000 after buying an additional 948 shares during the period. Finally, Thrivent Financial for Lutherans raised 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 buying an additional 326,212 shares during the period. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. TD Cowen reduced their price target on shares of Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Susquehanna cut their target price on Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, Evercore ISI cut their target price on Landstar System from $165.00 to $160.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating and eleven have given a hold rating to the stock. Based on data from MarketBeat, Landstar System presently has a consensus rating of “Hold” and an average target price of $170.40.

Landstar System Stock Performance

NASDAQ LSTR opened at $157.46 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 $152.73 and a 1 year high of $196.86. The company has a market capitalization of $5.56 billion, a PE ratio of 28.53 and a beta of 0.83. The company has a fifty day moving average of $168.98 and a two-hundred day moving average of $178.89.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. As a group, analysts expect that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.44 annualized dividend and a dividend yield of 0.91%. Landstar System’s dividend payout ratio (DPR) is 26.09%.

About Landstar System

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.