Envestnet Portfolio Solutions Inc. Buys 652 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Envestnet Portfolio Solutions Inc. increased its position in Landstar System, Inc. (NASDAQ:LSTR) by 18.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,247 shares of the transportation company’s stock after purchasing an additional 652 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Landstar System were worth $730,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in shares of Landstar System during the 4th quarter worth $25,000. HM Payson & Co. bought a new position in Landstar System during the 4th quarter worth about $26,000. Trust Co. of Vermont purchased a new position in Landstar System during the 4th quarter valued at about $34,000. TD Private Client Wealth LLC raised its holdings in shares of Landstar System by 27.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 158 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Landstar System by 225.5% in the 4th quarter. Jones Financial Companies Lllp now owns 895 shares of the transportation company’s stock worth $154,000 after purchasing an additional 620 shares during the period. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Landstar System Stock Performance

Shares of NASDAQ LSTR opened at $150.02 on Tuesday. The company has a 50 day simple moving average of $161.51 and a two-hundred day simple moving average of $174.48. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of 27.18 and a beta of 0.82. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. Landstar System, Inc. has a 12 month low of $144.13 and a 12 month high of $196.86.

Landstar System (NASDAQ:LSTR) last posted its 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 net margin of 4.07% and a return on equity of 19.56%. As a group, analysts predict that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LSTR. Benchmark reissued a “hold” rating on shares of Landstar System in a report on Friday, January 31st. JPMorgan Chase & Co. dropped 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. Stifel Nicolaus upped their target price on Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Truist Financial initiated coverage on Landstar System in a report on Thursday, March 13th. They issued a “hold” rating and a $160.00 price target for the company. One equities research analyst has rated the stock with a sell rating and twelve have given 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 $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.