Van ECK Associates Corp Purchases 6,680 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Van ECK Associates Corp increased its position in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 26.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,836 shares of the transportation company's stock after buying an additional 6,680 shares during the period. Van ECK Associates Corp owned 0.09% of Landstar System worth $5,471,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Roberts Wealth Advisors LLC increased its position in 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 buying an additional 60 shares during the period. OneDigital Investment Advisors LLC grew its stake in shares of 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 acquiring an additional 68 shares during the last quarter. Equitable Trust Co. increased its position in Landstar System by 2.2% during the third quarter. Equitable Trust Co. now owns 3,250 shares of the transportation company's stock worth $614,000 after acquiring an additional 71 shares during the period. Caprock Group LLC increased its position in Landstar System by 2.3% during the third quarter. Caprock Group LLC now owns 3,378 shares of the transportation company's stock worth $638,000 after acquiring an additional 77 shares during the period. Finally, Brown Brothers Harriman & Co. raised its stake in Landstar System by 2.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,608 shares of the transportation company's stock valued at $681,000 after purchasing an additional 80 shares during the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Landstar System Price Performance

Shares of NASDAQ LSTR traded up $0.64 during mid-day trading on Friday, hitting $159.31. 502,603 shares of the stock were exchanged, compared to its average volume of 310,359. The company has a market cap of $5.63 billion, a P/E ratio of 28.86 and a beta of 0.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96. Landstar System, Inc. has a twelve month low of $152.73 and a twelve month high of $196.86. The stock's fifty day simple moving average is $170.04 and its two-hundred day simple moving average is $179.43.

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

Landstar System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be given a dividend of $0.36 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.44 annualized dividend and a yield of 0.90%. Landstar System's dividend payout ratio (DPR) is 26.09%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LSTR. Raymond James downgraded shares of Landstar System from an "outperform" rating to a "market perform" rating in a report on Friday, November 15th. Evercore ISI lowered their price target on Landstar System from $165.00 to $160.00 and set an "in-line" rating on the stock in a research note on Wednesday, October 30th. Benchmark reiterated a "hold" rating on shares of Landstar System in a research report on Friday, January 31st. Stephens decreased their price objective 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. Finally, Susquehanna cut their target price on Landstar System from $165.00 to $160.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $170.40.

About Landstar System

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.