Portfolio Design Labs LLC Buys 3,048 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Portfolio Design Labs LLC raised its stake in shares of Landstar System, Inc. (NASDAQ:LSTR) by 41.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,361 shares of the transportation company’s stock after purchasing an additional 3,048 shares during the period. Portfolio Design Labs LLC’s holdings in Landstar System were worth $1,781,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in shares of Landstar System during the 4th quarter valued at about $25,000. Trust Co. of Vermont purchased a new stake in shares of Landstar System during the 4th quarter valued at about $34,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Landstar System by 431.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock valued at $83,000 after buying an additional 358 shares in the last quarter. TD Private Client Wealth LLC raised its position in shares of Landstar System by 27.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company’s stock valued at $137,000 after buying an additional 158 shares in the last quarter. Finally, Huntington National Bank raised its position in shares of Landstar System by 11.5% during the 3rd quarter. Huntington National Bank now owns 924 shares of the transportation company’s stock valued at $175,000 after buying an additional 95 shares in the last quarter. Institutional investors own 97.95% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Raymond James cut shares of Landstar System from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. TD Cowen decreased their target price on shares of Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Stephens reduced their price objective on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. UBS Group increased their price objective on shares of Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Evercore ISI reduced their price objective on shares of Landstar System from $165.00 to $160.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Landstar System presently has an average rating of “Hold” and an average target price of $170.40.

Landstar System Stock Performance

Shares of NASDAQ:LSTR opened at $161.17 on Wednesday. The firm has a market cap of $5.69 billion, a PE ratio of 29.20 and a beta of 0.83. The firm’s 50 day simple moving average is $174.09 and its 200-day simple moving average is $180.93. Landstar System, Inc. has a one year low of $158.78 and a one year high of $196.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. As a group, equities analysts predict that Landstar System, Inc. will post 6.2 EPS for the current year.

Landstar System Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Tuesday, February 18th. Landstar System’s dividend payout ratio (DPR) is presently 26.09%.

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.