Landstar System, Inc. (NASDAQ:LSTR) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its position in Landstar System, Inc. (NASDAQ:LSTR) by 2.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,099 shares of the transportation company’s stock after acquiring an additional 85 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Landstar System were worth $465,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. HM Payson & Co. acquired a new stake in shares of Landstar System in the fourth quarter valued at about $26,000. Colonial Trust Co SC lifted its stake in shares of Landstar System by 61.7% in the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 71 shares during the period. Transce3nd LLC acquired a new stake in shares of Landstar System in the fourth quarter valued at about $60,000. BOKF NA lifted its stake in shares of Landstar System by 56.1% in the fourth quarter. BOKF NA now owns 348 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 125 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of Landstar System by 151.0% in the first quarter. Versant Capital Management Inc now owns 517 shares of the transportation company’s stock valued at $78,000 after purchasing an additional 311 shares during the period. Institutional investors and hedge funds own 97.95% of the company’s stock.

Analyst Upgrades and Downgrades

LSTR has been the subject of several recent analyst reports. Benchmark reiterated a “hold” rating on shares of Landstar System in a research note on Monday, April 14th. JPMorgan Chase & Co. reduced their price objective on shares of Landstar System from $177.00 to $147.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Robert W. Baird initiated coverage on shares of Landstar System in a research note on Tuesday, July 1st. They issued an “outperform” rating and a $166.00 price objective for the company. UBS Group set a $154.00 price objective on shares of Landstar System in a research note on Wednesday, May 14th. Finally, Evercore ISI cut their target price on shares of Landstar System from $137.00 to $136.00 and set an “in-line” rating for the company in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $151.50.

Landstar System Stock Performance

Shares of NASDAQ LSTR opened at $146.06 on Friday. The company has a market cap of $5.10 billion, a PE ratio of 28.92 and a beta of 0.88. Landstar System, Inc. has a 12 month low of $128.99 and a 12 month high of $196.86. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.03 and a quick ratio of 2.03. The company has a 50-day simple moving average of $139.09 and a 200-day simple moving average of $151.24.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Tuesday, May 13th. The transportation company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.07). The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Landstar System had a return on equity of 18.23% and a net margin of 3.72%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.32 earnings per share. On average, equities analysts anticipate that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Thursday, June 5th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, June 5th. This is an increase from Landstar System’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.10%. Landstar System’s payout ratio is 31.68%.

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.