Proficio Capital Partners LLC Invests $8.46 Million in Landstar System, Inc. (NASDAQ:LSTR)

Proficio Capital Partners LLC purchased a new stake in Landstar System, Inc. (NASDAQ:LSTR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 49,244 shares of the transportation company's stock, valued at approximately $8,463,000. Proficio Capital Partners LLC owned 0.14% of Landstar System at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in LSTR. State of Alaska Department of Revenue raised its position in Landstar System by 4.7% in the third quarter. State of Alaska Department of Revenue now owns 6,160 shares of the transportation company's stock valued at $1,162,000 after purchasing an additional 275 shares during the period. Nisa Investment Advisors LLC raised its holdings in Landstar System by 1.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 13,927 shares of the transportation company's stock valued at $2,630,000 after buying an additional 180 shares during the period. Farther Finance Advisors LLC lifted its position in Landstar System by 320.5% in the third quarter. Farther Finance Advisors LLC now owns 1,459 shares of the transportation company's stock valued at $276,000 after buying an additional 1,112 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Landstar System by 111.1% during the third quarter. Harbor Capital Advisors Inc. now owns 8,751 shares of the transportation company's stock worth $1,653,000 after buying an additional 4,606 shares during the period. Finally, Confluence Wealth Services Inc. increased its position in shares of Landstar System by 10.0% during the third quarter. Confluence Wealth Services Inc. now owns 5,639 shares of the transportation company's stock valued at $1,065,000 after acquiring an additional 513 shares during the last quarter. Institutional investors and hedge funds own 97.95% of the company's stock.

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Landstar System Stock Performance

Shares of LSTR traded up $3.18 during midday trading on Thursday, reaching $157.76. 158,925 shares of the stock were exchanged, compared to its average volume of 253,879. Landstar System, Inc. has a twelve month low of $152.64 and a twelve 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. The company has a market capitalization of $5.57 billion, a price-to-earnings ratio of 28.60 and a beta of 0.83. The business's 50-day moving average price is $166.30 and its 200 day moving average price is $177.45.

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

Landstar System Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be paid a $0.36 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.91%. Landstar System's dividend payout ratio (DPR) is presently 26.09%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LSTR. Stifel Nicolaus raised their target price on Landstar System from $164.00 to $169.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Raymond James downgraded shares of Landstar System from an "outperform" rating to a "market perform" rating in a research note on Friday, November 15th. Benchmark reiterated a "hold" rating on shares of Landstar System in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. decreased their target price on Landstar System from $184.00 to $177.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company. According to data from MarketBeat, Landstar System currently has an average rating of "Hold" and a consensus price target 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.