Landstar System, Inc. (NASDAQ:LSTR) Holdings Lifted by D.A. Davidson & CO.

D.A. Davidson & CO. grew its position in Landstar System, Inc. (NASDAQ:LSTR) by 23.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,396 shares of the transportation company’s stock after purchasing an additional 650 shares during the period. D.A. Davidson & CO.’s holdings in Landstar System were worth $584,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of LSTR. DekaBank Deutsche Girozentrale lifted its stake in shares of Landstar System by 22.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 31,691 shares of the transportation company’s stock worth $5,905,000 after acquiring an additional 5,876 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Landstar System by 4.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 6,160 shares of the transportation company’s stock worth $1,162,000 after acquiring an additional 275 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Landstar System by 1.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 13,927 shares of the transportation company’s stock worth $2,630,000 after acquiring an additional 180 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Landstar System by 320.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,459 shares of the transportation company’s stock worth $276,000 after acquiring an additional 1,112 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Landstar System by 111.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,751 shares of the transportation company’s stock worth $1,653,000 after acquiring an additional 4,606 shares during the period. Institutional investors own 97.95% of the company’s stock.

Landstar System Stock Up 0.6 %

Shares of NASDAQ:LSTR opened at $157.46 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. The company has a market cap of $5.56 billion, a PE ratio of 28.53 and a beta of 0.83. Landstar System, Inc. has a 52 week low of $152.73 and a 52 week high of $196.86. The firm has a 50 day simple moving average of $168.98 and a 200 day simple moving average of $178.89.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing the consensus estimate 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, research analysts expect that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be given a $0.36 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.44 annualized dividend and a dividend yield of 0.91%. Landstar System’s dividend payout ratio (DPR) is presently 26.09%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on LSTR shares. JPMorgan Chase & Co. reduced their price target on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. TD Cowen reduced their price target on shares of Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. Evercore ISI cut their target price on shares of Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a research note on Wednesday, October 30th. UBS Group increased their target price on shares of Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Stifel Nicolaus increased their target price on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating and eleven have given a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $170.40.

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.