Rhumbline Advisers Has $19.83 Million Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

Rhumbline Advisers boosted its stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,384 shares of the transportation company's stock after purchasing an additional 1,964 shares during the quarter. Rhumbline Advisers owned about 0.33% of Landstar System worth $19,830,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Roberts Wealth Advisors LLC increased its holdings 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 worth $818,000 after purchasing an additional 60 shares during the period. OneDigital Investment Advisors LLC increased its stake in Landstar System by 1.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,678 shares of the transportation company's stock worth $883,000 after acquiring an additional 68 shares during the period. Equitable Trust Co. raised its holdings in 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 in the last quarter. Caprock Group LLC lifted its position in shares of Landstar System by 2.3% during the 3rd quarter. Caprock Group LLC now owns 3,378 shares of the transportation company's stock valued at $638,000 after acquiring an additional 77 shares during the period. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of Landstar System by 2.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,608 shares of the transportation company's stock worth $681,000 after purchasing an additional 80 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LSTR has been the subject of a number of recent analyst reports. 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 report on Thursday, January 23rd. TD Cowen reduced their target price on Landstar System from $176.00 to $174.00 and set a "hold" rating on the stock in a report on Wednesday, October 30th. Benchmark reissued a "hold" rating on shares of Landstar System in a report on Friday, January 31st. Raymond James lowered Landstar System from an "outperform" rating to a "market perform" rating in a research note on Friday, November 15th. Finally, Evercore ISI dropped their target price on shares of Landstar System from $165.00 to $160.00 and set an "in-line" rating for the company in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating and eleven have given a hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $170.40.

Landstar System Trading Up 0.4 %

NASDAQ:LSTR traded up $0.64 during trading hours on Friday, hitting $159.31. 502,603 shares of the company were exchanged, compared to its average volume of 310,359. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 28.86 and a beta of 0.83. Landstar System, Inc. has a one year low of $152.73 and a one year high of $196.86. The company has a fifty day simple moving average of $170.04 and a 200 day simple moving average of $179.43. 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 (NASDAQ:LSTR - Get Free Report) last issued 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 return on equity of 19.56% and a net margin of 4.07%. Sell-side analysts expect that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Announces Dividend

The firm also recently declared 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. The ex-dividend date is Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a yield of 0.90%. Landstar System's payout ratio is currently 26.09%.

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.