Nisa Investment Advisors LLC boosted its position in Landstar System, Inc. (NASDAQ:LSTR - Free Report) by 22.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 17,077 shares of the transportation company's stock after acquiring an additional 3,150 shares during the period. Nisa Investment Advisors LLC's holdings in Landstar System were worth $2,935,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the business. Genesis Private Wealth LLC bought a new stake in shares of Landstar System in the fourth quarter valued at approximately $277,000. Roberts Wealth Advisors LLC raised its holdings in Landstar System by 1.3% during the 4th quarter. Roberts Wealth Advisors LLC now owns 4,616 shares of the transportation company's stock valued at $818,000 after acquiring an additional 60 shares during the period. Trust Co. of Vermont purchased a new stake in shares of Landstar System during the fourth quarter worth $34,000. Harbor Capital Advisors Inc. lifted its position in shares of Landstar System by 1.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 8,865 shares of the transportation company's stock worth $1,524,000 after acquiring an additional 114 shares in the last quarter. Finally, Fulton Bank N.A. boosted its holdings in shares of Landstar System by 10.8% in the fourth quarter. Fulton Bank N.A. now owns 2,100 shares of the transportation company's stock worth $361,000 after acquiring an additional 204 shares during the period. 97.95% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:LSTR opened at $173.04 on Friday. The firm has a market capitalization of $6.11 billion, a PE ratio of 29.68 and a beta of 0.83. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.21 and a current ratio of 2.21. Landstar System, Inc. has a 52-week low of $164.04 and a 52-week high of $200.16. The firm has a fifty day moving average of $178.02 and a 200 day moving average of $182.32.
Landstar System (NASDAQ:LSTR - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The transportation company reported $1.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.45 by ($0.04). The firm had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.22 billion. Landstar System had a return on equity of 20.68% and a net margin of 4.32%. Landstar System's revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.71 earnings per share. As a group, research analysts anticipate that Landstar System, Inc. will post 5.57 EPS for the current fiscal year.
The firm also recently declared a special dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were paid a dividend of $2.00 per share. The ex-dividend date was Tuesday, January 7th. This is an increase from Landstar System's previous special dividend of $1.50. Landstar System's dividend payout ratio (DPR) is 24.70%.
A number of analysts recently issued reports on LSTR shares. UBS Group boosted their price objective on Landstar System from $184.00 to $186.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Raymond James cut Landstar System from an "outperform" rating to a "market perform" rating in a research report on Friday, November 15th. Stifel Nicolaus raised their price objective on shares of Landstar System from $164.00 to $169.00 and gave the company a "hold" rating in a research report on Thursday. Stephens decreased their target price on shares of Landstar System from $190.00 to $180.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their target price on shares of Landstar System from $184.00 to $188.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. Based on data from MarketBeat.com, Landstar System has an average rating of "Hold" and an average price target of $172.27.
Get Our Latest Research Report on Landstar System
In other news, CFO James P. Todd sold 1,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $184.32, for a total value of $184,320.00. Following the completion of the sale, the chief financial officer now owns 14,083 shares of the company's stock, valued at approximately $2,595,778.56. The trade was a 6.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.00% of the company's stock.
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.
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