Portfolio Design Labs LLC Boosts Position in Landstar System, Inc. (NASDAQ:LSTR)

Portfolio Design Labs LLC increased its holdings in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 41.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,361 shares of the transportation company's stock after purchasing an additional 3,048 shares during the quarter. Portfolio Design Labs LLC's holdings in Landstar System were worth $1,781,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of LSTR. Golden State Wealth Management LLC purchased a new stake in Landstar System in the fourth quarter worth $25,000. Trust Co. of Vermont bought a new position in shares of Landstar System during the fourth quarter valued at $34,000. Whittier Trust Co. of Nevada Inc. lifted its stake in Landstar System by 431.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company's stock valued at $83,000 after acquiring an additional 358 shares during the period. TD Private Client Wealth LLC boosted its holdings in Landstar System by 27.9% in the third quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company's stock worth $137,000 after purchasing an additional 158 shares during the last quarter. Finally, Huntington National Bank boosted its stake in shares of Landstar System by 11.5% in the 3rd quarter. Huntington National Bank now owns 924 shares of the transportation company's stock worth $175,000 after buying an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 97.95% of the company's stock.

Landstar System Trading Up 1.3 %

Shares of NASDAQ:LSTR traded up $2.01 during trading on Friday, reaching $161.80. 260,211 shares of the company were exchanged, compared to its average volume of 339,663. The business's fifty day simple moving average is $172.19 and its 200-day simple moving average is $180.13. The firm has a market capitalization of $5.72 billion, a PE ratio of 29.31 and a beta of 0.83. Landstar System, Inc. has a 12-month low of $157.99 and a 12-month high of $196.86. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its 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%. On average, research analysts anticipate that Landstar System, Inc. will post 6.2 EPS for the current year.

Landstar System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Tuesday, February 18th. Landstar System's payout ratio is 26.09%.

Wall Street Analyst Weigh In

LSTR has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Landstar System from $184.00 to $177.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. UBS Group upped their price target on Landstar System from $184.00 to $186.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Stephens reduced their target price on Landstar System from $190.00 to $180.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 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 note on Thursday, January 23rd. Finally, Benchmark reaffirmed a "hold" rating on shares of Landstar System in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company's stock. According to MarketBeat.com, Landstar System currently has an average rating of "Hold" and a consensus target price of $170.40.

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.