Eukles Asset Management Has $1.70 Million Stock Position in Landstar System, Inc. (NASDAQ:LSTR)

Eukles Asset Management lessened its stake in Landstar System, Inc. (NASDAQ:LSTR) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,898 shares of the transportation company’s stock after selling 91 shares during the quarter. Eukles Asset Management’s holdings in Landstar System were worth $1,701,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of LSTR. Verition Fund Management LLC raised its stake in shares of Landstar System by 28.1% during the 3rd quarter. Verition Fund Management LLC now owns 59,005 shares of the transportation company’s stock worth $11,144,000 after purchasing an additional 12,931 shares in the last quarter. ING Groep NV bought a new stake in shares of Landstar System in the third quarter valued at approximately $1,228,000. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Landstar System by 419.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,682 shares of the transportation company’s stock valued at $695,000 after acquiring an additional 2,973 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Landstar System by 3,775.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 334,853 shares of the transportation company’s stock worth $63,243,000 after acquiring an additional 326,212 shares in the last quarter. Finally, FMR LLC boosted its stake in Landstar System by 8.6% in the third quarter. FMR LLC now owns 162,222 shares of the transportation company’s stock valued at $30,639,000 after buying an additional 12,894 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors.

Landstar System Stock Performance

NASDAQ LSTR opened at $159.41 on Monday. The company’s 50 day simple moving average is $174.63 and its two-hundred day simple moving average is $181.16. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. Landstar System, Inc. has a 1 year low of $158.78 and a 1 year high of $196.86. The stock has a market capitalization of $5.63 billion, a PE ratio of 28.88 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data 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%. Analysts predict that Landstar System, Inc. will post 6.2 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.90%. Landstar System’s dividend payout ratio (DPR) is presently 26.09%.

Analyst Ratings Changes

LSTR has been the subject of several research reports. Stephens dropped their target price on Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Stifel Nicolaus lifted their price target on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Raymond James cut shares of Landstar System from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. TD Cowen dropped their price objective on Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Finally, Evercore ISI reduced their price target on shares of Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating and eleven have given a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.