Vest Financial LLC Has $2.42 Million Stock Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Vest Financial LLC boosted its position in Landstar System, Inc. (NASDAQ:LSTR) by 68.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,088 shares of the transportation company’s stock after acquiring an additional 5,749 shares during the quarter. Vest Financial LLC’s holdings in Landstar System were worth $2,421,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LSTR. Creative Planning boosted its position in Landstar System by 18.2% in the second quarter. Creative Planning now owns 4,285 shares of the transportation company’s stock valued at $790,000 after buying an additional 659 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Landstar System during the 2nd quarter worth $946,000. SG Americas Securities LLC increased its holdings in Landstar System by 119.0% in the 3rd quarter. SG Americas Securities LLC now owns 3,528 shares of the transportation company’s stock worth $666,000 after purchasing an additional 1,917 shares in the last quarter. GAMMA Investing LLC raised its position in Landstar System by 14.1% in the third quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock valued at $107,000 after purchasing an additional 70 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in shares of Landstar System by 0.6% during the third quarter. Wedge Capital Management L L P NC now owns 17,805 shares of the transportation company’s stock valued at $3,363,000 after purchasing an additional 99 shares in 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 opened at $159.41 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96. The firm’s 50-day simple moving average is $174.63 and its 200 day simple moving average is $181.18. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 28.88 and a beta of 0.83. Landstar System, Inc. has a fifty-two week low of $158.78 and a fifty-two week high of $196.86.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. As a group, research analysts anticipate that Landstar System, Inc. will post 6.2 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Benchmark reissued a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. Stifel Nicolaus lifted their target price on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Susquehanna decreased their price target 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. Finally, Stephens lowered their price objective on Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $170.40.

Landstar System 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.