Vestmark Advisory Solutions Inc. Acquires 3,566 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Vestmark Advisory Solutions Inc. increased its holdings in Landstar System, Inc. (NASDAQ:LSTR) by 21.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,289 shares of the transportation company’s stock after buying an additional 3,566 shares during the period. Vestmark Advisory Solutions Inc. owned about 0.06% of Landstar System worth $3,487,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in Landstar System in the fourth quarter valued at $25,000. Trust Co. of Vermont purchased a new stake in Landstar System in the fourth quarter valued at $34,000. TD Private Client Wealth LLC boosted its holdings in Landstar System by 27.9% in the third quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 158 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Landstar System by 225.5% in the fourth quarter. Jones Financial Companies Lllp now owns 895 shares of the transportation company’s stock valued at $154,000 after purchasing an additional 620 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in Landstar System by 11.5% in the third quarter. Huntington National Bank now owns 924 shares of the transportation company’s stock valued at $175,000 after purchasing an additional 95 shares during the last quarter. 97.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on LSTR. JPMorgan Chase & Co. lowered their price target on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Raymond James lowered shares of Landstar System from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Stifel Nicolaus increased 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. Finally, Benchmark reissued a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the stock. Based on data from MarketBeat, Landstar System currently has a consensus rating of “Hold” and an average price target of $170.40.

Landstar System Trading Up 3.4 %

Shares of Landstar System stock opened at $159.88 on Friday. The firm has a market capitalization of $5.65 billion, a PE ratio of 28.96 and a beta of 0.83. Landstar System, Inc. has a twelve month low of $152.64 and a twelve month high of $196.86. The firm’s 50-day moving average price is $166.00 and its 200 day moving average price is $177.33. 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 issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. On average, sell-side analysts predict that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be issued a $0.36 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a yield of 0.90%. Landstar System’s payout ratio is 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.