Callan Family Office LLC Purchases 4,451 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Callan Family Office LLC lifted its holdings in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 394.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,580 shares of the transportation company's stock after acquiring an additional 4,451 shares during the period. Callan Family Office LLC's holdings in Landstar System were worth $959,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of LSTR. Vestmark Advisory Solutions Inc. boosted its holdings in Landstar System by 21.3% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 20,289 shares of the transportation company's stock valued at $3,487,000 after purchasing an additional 3,566 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Landstar System in the fourth quarter valued at approximately $63,816,000. Proficio Capital Partners LLC bought a new stake in shares of Landstar System in the fourth quarter valued at approximately $8,463,000. M&T Bank Corp grew its position in Landstar System by 16.4% during the fourth quarter. M&T Bank Corp now owns 4,343 shares of the transportation company's stock worth $747,000 after buying an additional 611 shares in the last quarter. Finally, Atria Investments Inc increased its stake in Landstar System by 22.0% during the 4th quarter. Atria Investments Inc now owns 11,897 shares of the transportation company's stock worth $2,045,000 after acquiring an additional 2,149 shares during the period. 97.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Raymond James cut Landstar System from an "outperform" rating to a "market perform" rating in a report on Friday, November 15th. JPMorgan Chase & Co. dropped their price target on Landstar System from $184.00 to $177.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. Stifel Nicolaus increased their price objective on shares of Landstar System from $164.00 to $169.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Finally, Benchmark restated a "hold" rating on shares of Landstar System in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $170.40.

Remove Ads

Landstar System Price Performance

Shares of NASDAQ:LSTR traded down $1.37 during trading on Wednesday, hitting $150.75. 533,541 shares of the company were exchanged, compared to its average volume of 259,160. The company has a market capitalization of $5.32 billion, a P/E ratio of 27.31 and a beta of 0.82. Landstar System, Inc. has a 1-year low of $148.17 and a 1-year high of $196.86. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. The business's 50 day moving average is $165.12 and its 200-day moving average is $176.59.

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

Landstar System Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a $0.36 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.44 annualized dividend and a dividend yield of 0.96%. 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.