Van ECK Associates Corp Has $5.47 Million Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

Van ECK Associates Corp raised its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 26.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,836 shares of the transportation company’s stock after buying an additional 6,680 shares during the quarter. Van ECK Associates Corp owned 0.09% of Landstar System worth $5,471,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Roberts Wealth Advisors LLC grew its holdings in Landstar System by 1.3% in the 4th quarter. Roberts Wealth Advisors LLC now owns 4,616 shares of the transportation company’s stock valued at $818,000 after buying an additional 60 shares during the last quarter. OneDigital Investment Advisors LLC boosted its stake in Landstar System by 1.5% in the third quarter. OneDigital Investment Advisors LLC now owns 4,678 shares of the transportation company’s stock worth $883,000 after purchasing an additional 68 shares in the last quarter. Equitable Trust Co. boosted its stake in Landstar System by 2.2% in the third quarter. Equitable Trust Co. now owns 3,250 shares of the transportation company’s stock worth $614,000 after purchasing an additional 71 shares in the last quarter. Caprock Group LLC boosted its stake in Landstar System by 2.3% in the third quarter. Caprock Group LLC now owns 3,378 shares of the transportation company’s stock worth $638,000 after purchasing an additional 77 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake in Landstar System by 2.3% in the third quarter. Brown Brothers Harriman & Co. now owns 3,608 shares of the transportation company’s stock worth $681,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

Analyst Ratings Changes

LSTR has been the topic of several research reports. UBS Group upped their price target on Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Susquehanna lowered their price target on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Stifel Nicolaus increased their price target on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price target on Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Finally, Raymond James downgraded Landstar System from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. One equities research 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 an average rating of “Hold” and a consensus price target of $170.40.

Landstar System Trading Up 0.5 %

Shares of LSTR opened at $162.67 on Wednesday. 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, Inc. has a 52-week low of $157.99 and a 52-week high of $196.86. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 29.47 and a beta of 0.83. The business’s fifty day moving average is $171.72 and its 200-day moving average is $179.88.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data 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%. Equities analysts anticipate that Landstar System, Inc. will post 6.2 EPS for the current fiscal year.

Landstar System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Tuesday, February 18th. Landstar System’s dividend payout ratio is 26.09%.

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.