Landstar System, Inc. (NASDAQ:LSTR) Position Boosted by Vest Financial LLC

Vest Financial LLC raised its position in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 68.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,088 shares of the transportation company's stock after purchasing an additional 5,749 shares during the period. Vest Financial LLC's holdings in Landstar System were worth $2,421,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of LSTR. Thrivent Financial for Lutherans lifted its holdings in Landstar System by 3,775.2% in the third quarter. Thrivent Financial for Lutherans now owns 334,853 shares of the transportation company's stock valued at $63,243,000 after acquiring an additional 326,212 shares during the period. Boston Trust Walden Corp raised its holdings in shares of Landstar System by 21.1% in the 4th quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company's stock worth $47,695,000 after purchasing an additional 48,312 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Landstar System by 509.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 55,048 shares of the transportation company's stock valued at $10,397,000 after acquiring an additional 46,014 shares in the last quarter. Janus Henderson Group PLC lifted its position in Landstar System by 24.0% during the 3rd quarter. Janus Henderson Group PLC now owns 232,924 shares of the transportation company's stock worth $43,992,000 after acquiring an additional 45,147 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Landstar System by 10.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 429,928 shares of the transportation company's stock worth $81,201,000 after buying an additional 41,758 shares in the last quarter. Hedge funds and other institutional investors own 97.95% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Evercore ISI cut their price objective 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. Stephens cut their target price on Landstar System from $190.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 30th. Benchmark reiterated a "hold" rating on shares of Landstar System in a report on Friday, January 31st. TD Cowen lowered 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. Finally, Stifel Nicolaus increased their price target on shares of Landstar System from $164.00 to $169.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $170.40.

Landstar System Stock Performance

Shares of Landstar System stock traded down $1.31 during trading hours on Wednesday, hitting $159.86. 200,608 shares of the company's stock traded hands, compared to its average volume of 311,929. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of 28.96 and a beta of 0.83. The company has a fifty day simple moving average of $173.63 and a 200-day simple moving average of $180.71. 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, Inc. has a 12-month low of $157.99 and a 12-month high of $196.86.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 earnings per share for the quarter, missing the consensus estimate 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 anticipate that Landstar System, Inc. will post 6.2 EPS for the current fiscal year.

Landstar System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a $0.36 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.44 annualized dividend and a yield of 0.90%. Landstar System's payout ratio is 26.09%.

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.