Landstar System, Inc. (NASDAQ:LSTR) Shares Purchased by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC lifted its stake in Landstar System, Inc. (NASDAQ:LSTR) by 8.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,243 shares of the transportation company’s stock after acquiring an additional 336 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Landstar System were worth $729,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Roberts Wealth Advisors LLC lifted its holdings in shares of 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 acquiring an additional 60 shares during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of Landstar System by 1.5% in 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 last quarter. Equitable Trust Co. lifted its holdings in shares of Landstar System by 2.2% in the 3rd 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 last quarter. Caprock Group LLC increased its stake in Landstar System by 2.3% during the 3rd quarter. Caprock Group LLC now owns 3,378 shares of the transportation company’s stock worth $638,000 after buying an additional 77 shares during the period. Finally, Brown Brothers Harriman & Co. increased 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 worth $681,000 after buying an additional 80 shares during the period. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Landstar System Trading Up 1.3 %

Shares of NASDAQ:LSTR opened at $161.92 on Monday. Landstar System, Inc. has a 52 week low of $152.64 and a 52 week high of $196.86. The company’s 50 day moving average is $165.76 and its two-hundred day 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 company has a market cap of $5.72 billion, a PE ratio of 29.33 and a beta of 0.82.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 EPS 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%. Equities analysts predict that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Tuesday, February 18th. Landstar System’s dividend payout ratio (DPR) is 26.09%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LSTR. JPMorgan Chase & Co. cut their target price on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. Raymond James downgraded shares of Landstar System from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Finally, Stifel Nicolaus upped their target price on shares of Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating and eleven have given a hold rating to the stock. Based on data from MarketBeat, Landstar System presently has an average rating of “Hold” and an average target price of $170.40.

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.