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

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

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Golden State Wealth Management LLC acquired a new position in Landstar System during the fourth quarter valued at $25,000. Trust Co. of Vermont acquired a new position in Landstar System during the fourth quarter valued at $34,000. TD Private Client Wealth LLC lifted its position in Landstar System by 27.9% during the third quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 158 shares during the period. Jones Financial Companies Lllp lifted its position in Landstar System by 225.5% during the fourth quarter. Jones Financial Companies Lllp now owns 895 shares of the transportation company’s stock valued at $154,000 after purchasing an additional 620 shares during the period. Finally, Huntington National Bank lifted its position in Landstar System by 11.5% during the third quarter. Huntington National Bank now owns 924 shares of the transportation company’s stock valued at $175,000 after purchasing an additional 95 shares during the period. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Landstar System Stock Performance

LSTR opened at $161.92 on Monday. The firm has a market capitalization of $5.72 billion, a PE ratio of 29.33 and a beta of 0.82. Landstar System, Inc. has a twelve month low of $152.64 and a twelve month high of $196.86. The firm’s 50-day moving average price is $165.76 and its 200 day moving average price 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.

Landstar System (NASDAQ:LSTR) last posted 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, sell-side analysts expect that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Dividend Announcement

The company also recently announced 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 yield of 0.89%. Landstar System’s payout ratio is 26.09%.

Analyst Ratings Changes

A number of research analysts recently issued reports on LSTR shares. Benchmark restated a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. Stifel Nicolaus boosted 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. Raymond James cut shares of Landstar System from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. cut 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. One investment analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.