Amalgamated Bank Has $4.91 Million Position in Landstar System, Inc. (NASDAQ:LSTR)

Amalgamated Bank lessened its position in Landstar System, Inc. (NASDAQ:LSTR) by 8.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,341 shares of the transportation company’s stock after selling 2,298 shares during the period. Amalgamated Bank’s holdings in Landstar System were worth $4,907,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. SRS Capital Advisors Inc. boosted its position in Landstar System by 209.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 192 shares of the transportation company’s stock valued at $37,000 after buying an additional 130 shares in the last quarter. Larson Financial Group LLC bought a new stake in shares of Landstar System during the third quarter worth $49,000. GAMMA Investing LLC acquired a new stake in shares of Landstar System in the fourth quarter valued at $58,000. Cary Street Partners Investment Advisory LLC lifted its position in Landstar System by 126.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 565 shares of the transportation company’s stock worth $100,000 after buying an additional 315 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in Landstar System by 17.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 616 shares of the transportation company’s stock worth $119,000 after acquiring an additional 92 shares during the last quarter. Institutional investors own 97.95% of the company’s stock.

Landstar System Stock Performance

Shares of LSTR stock opened at $181.66 on Wednesday. The stock has a market cap of $6.50 billion, a PE ratio of 27.95, a price-to-earnings-growth ratio of 4.91 and a beta of 0.86. The stock has a 50-day moving average of $182.11 and a 200-day moving average of $183.65. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.22 and a quick ratio of 2.00. Landstar System, Inc. has a one year low of $161.13 and a one year high of $208.62.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Wednesday, April 24th. The transportation company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.04. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.12 billion. Landstar System had a net margin of 4.63% and a return on equity of 23.11%. As a group, sell-side analysts expect that Landstar System, Inc. will post 6.49 earnings per share for the current year.

Landstar System Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Wednesday, May 8th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $1.32 dividend on an annualized basis and a yield of 0.73%. Landstar System’s payout ratio is 20.31%.

Wall Street Analyst Weigh In

LSTR has been the topic of a number of research reports. Susquehanna reduced their target price on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Wolfe Research raised Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 price objective on the stock in a report on Wednesday, January 10th. UBS Group increased their price objective on Landstar System from $175.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Wells Fargo & Company boosted their target price on Landstar System from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus decreased their price target on Landstar System from $166.00 to $164.00 and set a “hold” rating on the stock in a report on Monday, April 29th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $183.91.

About Landstar System

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.