Landstar System, Inc. (NASDAQ:LSTR) Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. grew its stake in Landstar System, Inc. (NASDAQ:LSTR) by 22.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 51,931 shares of the transportation company’s stock after buying an additional 9,691 shares during the quarter. Landstar System accounts for about 0.4% of Edgestream Partners L.P.’s portfolio, making the stock its 23rd largest holding. Edgestream Partners L.P. owned about 0.15% of Landstar System worth $8,925,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of LSTR. Raymond James Financial Inc. acquired a new position in Landstar System in the fourth quarter valued at approximately $63,816,000. Thrivent Financial for Lutherans lifted its stake in shares of Landstar System by 3,775.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 334,853 shares of the transportation company’s stock valued at $63,243,000 after purchasing an additional 326,212 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Landstar System in the 4th quarter valued at $8,463,000. Boston Trust Walden Corp boosted its holdings in Landstar System by 21.1% during the fourth quarter. Boston Trust Walden Corp now owns 277,520 shares of the transportation company’s stock worth $47,695,000 after buying an additional 48,312 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Landstar System by 509.3% during the third quarter. BNP Paribas Financial Markets now owns 55,048 shares of the transportation company’s stock valued at $10,397,000 after buying an additional 46,014 shares during the period. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Landstar System Stock Up 3.4 %

Shares of LSTR opened at $159.88 on Friday. The stock has a 50 day moving average price of $166.00 and a 200 day moving average price of $177.33. Landstar System, Inc. has a one year low of $152.64 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. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of 28.96 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (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%. Equities research analysts forecast that Landstar System, Inc. will post 6.1 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

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 issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Tuesday, February 18th. Landstar System’s dividend payout ratio is currently 26.09%.

Analyst Ratings Changes

A number of brokerages have weighed in on LSTR. Benchmark reiterated a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Raymond James lowered Landstar System from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Finally, Stifel Nicolaus upped their target price on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $170.40.

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.