Quantum Private Wealth LLC Raises Stake in Landstar System, Inc. (NASDAQ:LSTR)

Quantum Private Wealth LLC increased its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 15.9% during the 4th quarter, HoldingsChannel reports. The fund owned 1,324 shares of the transportation company’s stock after buying an additional 182 shares during the period. Quantum Private Wealth LLC’s holdings in Landstar System were worth $228,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Blue Trust Inc. boosted its position in shares of Landstar System by 64.4% in the 3rd quarter. Blue Trust Inc. now owns 1,774 shares of the transportation company’s stock worth $327,000 after purchasing an additional 695 shares in the last quarter. Raymond James & Associates increased its stake in Landstar System by 3.0% during the 3rd quarter. Raymond James & Associates now owns 150,764 shares of the transportation company’s stock valued at $28,475,000 after purchasing an additional 4,345 shares in the last quarter. Vest Financial LLC raised its holdings in Landstar System by 37.9% in the 3rd quarter. Vest Financial LLC now owns 8,339 shares of the transportation company’s stock worth $1,575,000 after acquiring an additional 2,291 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Landstar System by 431.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock worth $83,000 after purchasing an additional 358 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its holdings in shares of Landstar System by 0.9% during the third quarter. Copeland Capital Management LLC now owns 388,142 shares of the transportation company’s stock valued at $73,308,000 after purchasing an additional 3,630 shares in the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on LSTR. Evercore ISI reduced their price objective on Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a report on Wednesday, October 30th. Stephens reduced their price target on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. UBS Group increased their price objective on shares of Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Susquehanna cut their target price on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Finally, Stifel Nicolaus increased their price target on Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $170.40.

Landstar System Trading Up 1.3 %

Shares of Landstar System stock opened at $161.80 on Friday. Landstar System, Inc. has a 1-year low of $157.99 and a 1-year high of $196.86. The company’s fifty day simple moving average is $172.19 and its 200-day simple moving average is $180.13. 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 stock has a market capitalization of $5.72 billion, a PE ratio of 29.31 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last released its earnings results 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%. As a group, equities analysts anticipate that Landstar System, Inc. will post 6.2 earnings per share for the current year.

Landstar System Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be paid 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 dividend yield of 0.89%. Landstar System’s dividend payout ratio (DPR) is presently 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.