Steward Partners Investment Advisory LLC Acquires 300 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Steward Partners Investment Advisory LLC increased its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 11.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,935 shares of the transportation company’s stock after buying an additional 300 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Landstar System were worth $504,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of LSTR. Verition Fund Management LLC lifted its stake in 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 purchasing an additional 12,931 shares in the last quarter. ING Groep NV purchased a new stake in Landstar System in the 3rd quarter worth approximately $1,228,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in Landstar System by 419.3% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,682 shares of the transportation company’s stock worth $695,000 after purchasing an additional 2,973 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake 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 worth $63,243,000 after purchasing an additional 326,212 shares in the last quarter. Finally, FMR LLC lifted its stake in 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 in the last quarter. 97.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on LSTR. Stifel Nicolaus increased their target price on shares of Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Raymond James cut shares of Landstar System from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Benchmark reiterated a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $170.40.

Landstar System Stock Performance

Landstar System stock opened at $150.75 on Thursday. The stock has a market cap of $5.32 billion, a P/E ratio of 27.31 and a beta of 0.82. The firm’s fifty day moving average price is $164.70 and its 200-day moving average price is $176.41. Landstar System, Inc. has a fifty-two week low of $148.27 and a fifty-two week high of $196.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.31 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%. On average, equities research analysts expect that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Tuesday, February 18th. Landstar System’s payout ratio is presently 26.09%.

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.