4,706 Shares in Landstar System, Inc. $LSTR Purchased by Trivium Point Advisory LLC

Trivium Point Advisory LLC purchased a new position in shares of Landstar System, Inc. (NASDAQ:LSTR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,706 shares of the transportation company’s stock, valued at approximately $676,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Merit Financial Group LLC bought a new position in shares of Landstar System during the 4th quarter valued at approximately $342,000. Private Trust Co. NA grew its position in shares of Landstar System by 81.0% during the 4th quarter. Private Trust Co. NA now owns 277 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 124 shares during the period. CWM LLC grew its position in shares of Landstar System by 196.5% during the 4th quarter. CWM LLC now owns 6,149 shares of the transportation company’s stock valued at $884,000 after acquiring an additional 4,075 shares during the period. Childress Capital Advisors LLC bought a new position in shares of Landstar System during the 4th quarter valued at approximately $494,000. Finally, Choreo LLC bought a new position in shares of Landstar System during the 4th quarter valued at approximately $214,000. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LSTR. Wells Fargo & Company raised shares of Landstar System from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $145.00 to $170.00 in a research report on Tuesday, January 6th. Barclays increased their target price on shares of Landstar System from $130.00 to $155.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. TD Cowen reissued a “hold” rating on shares of Landstar System in a research report on Friday, January 9th. Weiss Ratings downgraded shares of Landstar System from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. Finally, Stifel Nicolaus increased their target price on shares of Landstar System from $145.00 to $147.00 and gave the company a “hold” rating in a research report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $153.27.

Landstar System Stock Performance

NASDAQ LSTR opened at $172.87 on Friday. The company’s 50 day moving average is $156.53 and its 200-day moving average is $144.69. Landstar System, Inc. has a 12-month low of $119.32 and a 12-month high of $175.50. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The firm has a market cap of $5.87 billion, a P/E ratio of 52.23 and a beta of 0.80.

Landstar System Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 18th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $1.60 annualized dividend and a yield of 0.9%. Landstar System’s payout ratio is currently 48.34%.

About Landstar System

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.