Edgestream Partners L.P. Purchases 9,691 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Edgestream Partners L.P. lifted its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 22.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,931 shares of the transportation company's stock after purchasing an additional 9,691 shares during the quarter. Landstar System comprises approximately 0.4% of Edgestream Partners L.P.'s investment portfolio, making the stock its 23rd biggest position. Edgestream Partners L.P. owned 0.15% of Landstar System worth $8,925,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Roberts Wealth Advisors LLC raised its stake in shares of Landstar System by 1.3% during the fourth quarter. Roberts Wealth Advisors LLC now owns 4,616 shares of the transportation company's stock valued at $818,000 after purchasing an additional 60 shares during the period. OneDigital Investment Advisors LLC grew 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. increased its holdings in shares of Landstar System by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 3,250 shares of the transportation company's stock valued at $614,000 after acquiring an additional 71 shares during the last quarter. Caprock Group LLC lifted its position in shares of Landstar System by 2.3% in the 3rd quarter. Caprock Group LLC now owns 3,378 shares of the transportation company's stock worth $638,000 after buying an additional 77 shares during 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 valued at $681,000 after acquiring an additional 80 shares during the period. Hedge funds and other institutional investors own 97.95% of the company's stock.

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Landstar System Stock Down 5.3 %

Shares of NASDAQ:LSTR traded down $8.51 during midday trading on Tuesday, hitting $152.12. The stock had a trading volume of 480,452 shares, compared to its average volume of 257,830. 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 simple moving average is $165.52 and its 200-day simple moving average is $176.84. Landstar System, Inc. has a 12 month low of $152.09 and a 12 month high of $196.86. The company has a market cap of $5.37 billion, a P/E ratio of 27.56 and a beta of 0.82.

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

Landstar System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Tuesday, February 18th. Landstar System's payout ratio is 26.09%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target 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. JPMorgan Chase & Co. lowered their price target 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. Benchmark restated a "hold" rating on shares of Landstar System in a report on Friday, January 31st. Finally, Raymond James lowered shares of Landstar System from an "outperform" rating to a "market perform" rating in a research 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus 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.