Bank of New York Mellon Corp Boosts Stock Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Bank of New York Mellon Corp lifted its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 389,019 shares of the transportation company's stock after buying an additional 15,986 shares during the period. Bank of New York Mellon Corp owned approximately 1.10% of Landstar System worth $66,857,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LSTR. Parthenon LLC boosted its holdings in shares of Landstar System by 1.8% during the 4th quarter. Parthenon LLC now owns 67,997 shares of the transportation company's stock valued at $11,686,000 after acquiring an additional 1,222 shares during the last quarter. Cardinal Capital Management boosted its holdings in Landstar System by 3.5% in the fourth quarter. Cardinal Capital Management now owns 22,288 shares of the transportation company's stock worth $3,830,000 after purchasing an additional 754 shares during the last quarter. D.A. Davidson & CO. grew its position in Landstar System by 23.7% in the 4th quarter. D.A. Davidson & CO. now owns 3,396 shares of the transportation company's stock worth $584,000 after purchasing an additional 650 shares during the period. Sanctuary Advisors LLC grew its position in Landstar System by 8.7% in the 4th quarter. Sanctuary Advisors LLC now owns 7,233 shares of the transportation company's stock worth $1,207,000 after purchasing an additional 578 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its stake in Landstar System by 5.3% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 11,636 shares of the transportation company's stock valued at $2,000,000 after buying an additional 582 shares during the last quarter. 97.95% of the stock is currently owned by institutional investors.

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Landstar System Price Performance

Shares of LSTR traded up $2.16 during mid-day trading on Friday, reaching $162.04. The stock had a trading volume of 207,922 shares, compared to its average volume of 254,716. The business has a fifty day moving average of $166.00 and a 200 day moving average of $177.33. 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 firm has a market cap of $5.72 billion, a price-to-earnings ratio of 29.34 and a beta of 0.83. Landstar System, Inc. has a 12 month low of $152.64 and a 12 month high of $196.86.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share 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%. Equities analysts predict that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Tuesday, February 18th. Landstar System's dividend payout ratio (DPR) is presently 26.09%.

Analysts Set New Price Targets

Several analysts recently commented on LSTR shares. Benchmark reaffirmed a "hold" rating on shares of Landstar System in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their target price 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 price target on shares of Landstar System from $164.00 to $169.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Finally, Raymond James downgraded shares of Landstar System from an "outperform" rating to a "market perform" rating in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price 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.