Vestmark Advisory Solutions Inc. boosted its stake in shares of Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 21.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,289 shares of the transportation company's stock after buying an additional 3,566 shares during the quarter. Vestmark Advisory Solutions Inc. owned approximately 0.06% of Landstar System worth $3,487,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Landstar System during the 4th quarter valued at approximately $63,816,000. Proficio Capital Partners LLC purchased a new position in Landstar System in the fourth quarter valued at approximately $8,463,000. M&T Bank Corp grew its holdings in Landstar System by 16.4% during the fourth quarter. M&T Bank Corp now owns 4,343 shares of the transportation company's stock valued at $747,000 after purchasing an additional 611 shares during the period. Atria Investments Inc increased its position in Landstar System by 22.0% in the fourth quarter. Atria Investments Inc now owns 11,897 shares of the transportation company's stock worth $2,045,000 after buying an additional 2,149 shares during the last quarter. Finally, Assetmark Inc. raised its stake in shares of Landstar System by 3.0% in the fourth quarter. Assetmark Inc. now owns 39,425 shares of the transportation company's stock valued at $6,776,000 after buying an additional 1,133 shares during the period. Hedge funds and other institutional investors own 97.95% of the company's stock.
Landstar System Price Performance
Shares of LSTR stock traded down $1.29 during trading hours on Monday, reaching $160.63. The stock had a trading volume of 402,929 shares, compared to its average volume of 256,949. The stock's fifty day simple moving average is $165.76 and its 200 day simple moving average is $177.03. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $5.67 billion, a PE ratio of 29.10 and a beta of 0.82. Landstar System, Inc. has a 12 month low of $152.64 and a 12 month high of $196.86.
Landstar System (NASDAQ:LSTR - Get Free Report) last announced 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 net margin of 4.07% and a return on equity of 19.56%. On average, equities research analysts predict that Landstar System, Inc. will post 6.1 EPS for the current 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 $0.36 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.44 annualized dividend and a dividend yield of 0.90%. Landstar System's payout ratio is currently 26.09%.
Analyst Ratings Changes
Several research analysts have recently weighed in on LSTR shares. Stifel Nicolaus increased their price target on Landstar System from $164.00 to $169.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Benchmark reiterated a "hold" rating on shares of Landstar System in a research report on Friday, January 31st. 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 research note on Thursday, January 30th. Finally, Raymond James cut shares of Landstar System from an "outperform" rating to a "market perform" rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $170.40.
Check Out Our Latest Analysis on LSTR
About Landstar System
(
Free Report)
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.
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