Charles Schwab Investment Management Inc. Raises Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

Charles Schwab Investment Management Inc. grew its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 364,998 shares of the transportation company’s stock after purchasing an additional 2,346 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.03% of Landstar System worth $62,729,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Thrivent Financial for Lutherans boosted its position in Landstar System by 3,775.2% in 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. Proficio Capital Partners LLC purchased a new position in Landstar System in the fourth quarter valued at $8,463,000. Boston Trust Walden Corp grew its stake in Landstar System by 21.1% during the 4th quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company’s stock worth $47,695,000 after purchasing an additional 48,312 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Landstar System by 509.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 55,048 shares of the transportation company’s stock worth $10,397,000 after purchasing an additional 46,014 shares during the period. Finally, Janus Henderson Group PLC raised its position in Landstar System by 24.0% in the 3rd quarter. Janus Henderson Group PLC now owns 232,924 shares of the transportation company’s stock valued at $43,992,000 after purchasing an additional 45,147 shares in the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on LSTR shares. Raymond James downgraded Landstar System from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Benchmark reiterated a “hold” rating on shares of Landstar System in a report on Friday, January 31st. Stifel Nicolaus increased their price objective on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $170.40.

Landstar System Stock Performance

NASDAQ LSTR opened at $150.75 on Thursday. The company has a fifty day moving average of $164.70 and a two-hundred day moving average of $176.41. The company has a market capitalization of $5.32 billion, a PE ratio of 27.31 and a beta of 0.82. Landstar System, Inc. has a 1 year low of $148.27 and a 1 year high of $196.86. 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 (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) 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%. As a group, analysts expect that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.44 annualized dividend and a yield of 0.96%. 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.