Landstar System, Inc. (NASDAQ:LSTR) Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. grew its position in Landstar System, Inc. (NASDAQ:LSTR) by 18.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,247 shares of the transportation company’s stock after acquiring an additional 652 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Landstar System were worth $730,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Greykasell Wealth Strategies Inc. purchased a new position in Landstar System during the fourth quarter worth approximately $254,000. Brandes Investment Partners LP raised its stake in shares of Landstar System by 12.1% during the 4th quarter. Brandes Investment Partners LP now owns 1,821 shares of the transportation company’s stock worth $313,000 after buying an additional 196 shares during the period. Hilton Capital Management LLC grew its stake in Landstar System by 4.5% in the 4th quarter. Hilton Capital Management LLC now owns 7,878 shares of the transportation company’s stock valued at $1,354,000 after acquiring an additional 338 shares during the period. Impact Capital Partners LLC purchased a new stake in Landstar System in the 4th quarter worth $711,000. Finally, HighTower Advisors LLC raised its position in Landstar System by 4.5% during the fourth quarter. HighTower Advisors LLC now owns 12,343 shares of the transportation company’s stock worth $2,121,000 after acquiring an additional 537 shares during the period. 97.95% of the stock is owned by hedge funds and other institutional investors.

Landstar System Trading Up 0.6 %

Shares of LSTR opened at $150.02 on Tuesday. Landstar System, Inc. has a 12-month low of $144.13 and a 12-month high of $196.86. The firm has a market capitalization of $5.30 billion, a P/E ratio of 27.18 and a beta of 0.82. The firm has a 50-day moving average price of $161.51 and a 200 day moving average price of $174.48. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. Sell-side analysts forecast that Landstar System, Inc. will post 6.1 EPS for the current year.

Landstar System Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Tuesday, February 18th. Landstar System’s dividend payout ratio (DPR) is presently 26.09%.

Analyst Ratings Changes

A number of analysts have recently commented on LSTR shares. Stifel Nicolaus boosted their target price on shares of Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. cut their price objective on Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Benchmark restated a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. Finally, Truist Financial began coverage on Landstar System in a research report on Thursday, March 13th. They set a “hold” rating and a $160.00 price target for the company. One investment analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $169.45.

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.