Congress Wealth Management LLC DE cut its holdings in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 64.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,260 shares of the transportation company's stock after selling 5,840 shares during the quarter. Congress Wealth Management LLC DE's holdings in Landstar System were worth $560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Roberts Wealth Advisors LLC lifted its position in shares of Landstar System by 1.3% in the 4th quarter. Roberts Wealth Advisors LLC now owns 4,616 shares of the transportation company's stock worth $818,000 after purchasing an additional 60 shares during the period. Harbor Capital Advisors Inc. raised its stake in Landstar System by 1.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 8,865 shares of the transportation company's stock worth $1,524,000 after buying an additional 114 shares in the last quarter. Voya Financial Advisors Inc. lifted its holdings in Landstar System by 10.6% in the third quarter. Voya Financial Advisors Inc. now owns 1,348 shares of the transportation company's stock worth $252,000 after buying an additional 129 shares during the period. Golden State Wealth Management LLC purchased a new position in shares of Landstar System in the 4th quarter valued at approximately $25,000. Finally, HM Payson & Co. bought a new stake in shares of Landstar System during the 4th quarter valued at $26,000. Hedge funds and other institutional investors own 97.95% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on LSTR. Susquehanna cut their price objective on shares of Landstar System from $150.00 to $130.00 and set a "neutral" rating on the stock in a report on Wednesday, March 26th. Truist Financial started coverage on Landstar System in a research note on Thursday, March 13th. They issued a "hold" rating and a $160.00 price target on the stock. Benchmark reiterated a "hold" rating on shares of Landstar System in a research note on Friday, January 31st. JPMorgan Chase & Co. cut their target price on Landstar System from $184.00 to $177.00 and set a "neutral" rating on the stock in a research note on Thursday, January 30th. Finally, 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. One research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $166.73.
Read Our Latest Analysis on Landstar System
Landstar System Stock Performance
NASDAQ LSTR traded up $1.76 during trading hours on Wednesday, hitting $151.82. 28,834 shares of the company's stock traded hands, compared to its average volume of 274,045. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. Landstar System, Inc. has a 52 week low of $144.13 and a 52 week high of $196.86. The firm has a market capitalization of $5.36 billion, a P/E ratio of 27.37 and a beta of 0.82. The business's fifty day moving average price is $158.40 and its two-hundred day moving average price is $173.14.
Landstar System (NASDAQ:LSTR - Get Free Report) 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 research analysts predict that Landstar System, Inc. will post 6.1 EPS for the current year.
Landstar System Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.44 annualized dividend and a dividend yield of 0.95%. Landstar System's payout ratio is 26.09%.
About Landstar System
(
Free Report)
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.
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