Aristides Capital LLC Invests $294,000 in Landstar System, Inc. (NASDAQ:LSTR)

Aristides Capital LLC bought a new stake in Landstar System, Inc. (NASDAQ:LSTR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,710 shares of the transportation company’s stock, valued at approximately $294,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC increased its holdings in Landstar System by 8.6% during the third quarter. FMR LLC now owns 162,222 shares of the transportation company’s stock worth $30,639,000 after buying an additional 12,894 shares during the last quarter. State Street Corp raised its stake in Landstar System by 1.4% in the 3rd quarter. State Street Corp now owns 1,117,857 shares of the transportation company’s stock valued at $211,130,000 after acquiring an additional 15,328 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Landstar System by 22.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,077 shares of the transportation company’s stock valued at $2,935,000 after purchasing an additional 3,150 shares during the last quarter. National Bank of Canada FI boosted its position in Landstar System by 346.8% during the third quarter. National Bank of Canada FI now owns 6,179 shares of the transportation company’s stock worth $1,167,000 after purchasing an additional 4,796 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Landstar System by 5.1% in the third quarter. Geode Capital Management LLC now owns 813,546 shares of the transportation company’s stock valued at $153,685,000 after purchasing an additional 39,223 shares during the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a report on Thursday. JPMorgan Chase & Co. decreased their target price on Landstar System from $177.00 to $147.00 and set a “neutral” rating on the stock in a research report on Thursday. Stifel Nicolaus lifted their price target on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. TD Cowen decreased their price objective on Landstar System from $161.00 to $145.00 and set a “hold” rating on the stock in a report on Thursday. Finally, Susquehanna dropped their target price on Landstar System from $150.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Landstar System currently has a consensus rating of “Hold” and an average target price of $160.45.

Landstar System Trading Down 1.4 %

Shares of Landstar System stock opened at $136.64 on Monday. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. Landstar System, Inc. has a 12-month low of $132.41 and a 12-month high of $196.86. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 24.75 and a beta of 0.88. The firm’s 50-day moving average price is $156.41 and its two-hundred day moving average price is $172.27.

Landstar System (NASDAQ:LSTR) last posted 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%. On average, analysts forecast that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.05%. Landstar System’s dividend payout ratio (DPR) is currently 26.09%.

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.