HighTower Advisors LLC Has $2.12 Million Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

HighTower Advisors LLC boosted its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,343 shares of the transportation company’s stock after purchasing an additional 537 shares during the period. HighTower Advisors LLC’s holdings in Landstar System were worth $2,121,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of LSTR. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Landstar System by 14.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,147 shares of the transportation company’s stock worth $1,572,000 after buying an additional 1,157 shares during the last quarter. HM Payson & Co. bought a new position in shares of Landstar System in the fourth quarter worth about $26,000. Edgestream Partners L.P. lifted its holdings in shares of Landstar System by 22.9% in the fourth quarter. Edgestream Partners L.P. now owns 51,931 shares of the transportation company’s stock worth $8,925,000 after acquiring an additional 9,691 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its stake in shares of Landstar System by 8.6% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 4,243 shares of the transportation company’s stock valued at $729,000 after purchasing an additional 336 shares in the last quarter. Finally, Callan Family Office LLC grew its holdings in shares of Landstar System by 394.2% during the 4th quarter. Callan Family Office LLC now owns 5,580 shares of the transportation company’s stock valued at $959,000 after purchasing an additional 4,451 shares during the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

Landstar System Price Performance

Shares of LSTR opened at $149.08 on Friday. The business has a 50-day moving average of $161.88 and a 200-day moving average of $174.76. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. The company has a market capitalization of $5.26 billion, a price-to-earnings ratio of 27.01 and a beta of 0.82. Landstar System, Inc. has a 1 year low of $144.13 and a 1 year high of $196.86.

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 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, equities research analysts anticipate that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were issued 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 0.97%. Landstar System’s payout ratio is 26.09%.

Analysts Set New Price Targets

Several brokerages recently commented on LSTR. Truist Financial started coverage on shares of Landstar System in a research note on Thursday, March 13th. They issued a “hold” rating and a $160.00 price objective for the company. Stifel Nicolaus raised their price objective on Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price objective 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. Finally, Benchmark reiterated a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $169.45.

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.