Atria Investments Inc Buys 2,149 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Atria Investments Inc increased its stake in Landstar System, Inc. (NASDAQ:LSTR) by 22.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,897 shares of the transportation company’s stock after purchasing an additional 2,149 shares during the quarter. Atria Investments Inc’s holdings in Landstar System were worth $2,045,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of LSTR. Golden State Wealth Management LLC bought a new stake in shares of Landstar System in the 4th quarter worth approximately $25,000. Trust Co. of Vermont bought a new stake in shares of Landstar System in the 4th quarter worth approximately $34,000. TD Private Client Wealth LLC raised its holdings in shares of Landstar System by 27.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 725 shares of the transportation company’s stock worth $137,000 after purchasing an additional 158 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Landstar System by 225.5% in the 4th quarter. Jones Financial Companies Lllp now owns 895 shares of the transportation company’s stock worth $154,000 after purchasing an additional 620 shares during the period. Finally, Huntington National Bank raised its holdings in 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 acquiring an additional 95 shares during the period. Institutional investors own 97.95% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on LSTR. JPMorgan Chase & Co. lowered their target price 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 cut shares of Landstar System from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Stifel Nicolaus boosted their target price on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, Benchmark reissued a “hold” rating on shares of Landstar System in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company. According to MarketBeat, Landstar System currently has an average rating of “Hold” and a consensus target price of $170.40.

Landstar System Stock Up 1.3 %

LSTR opened at $161.92 on Monday. The company has a fifty day moving average price of $165.76 and a 200-day moving average price of $177.03. The firm has a market capitalization of $5.72 billion, a P/E ratio of 29.33 and a beta of 0.82. 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 one year low of $152.64 and a one year high of $196.86.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate 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 expect 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. Investors of record on Tuesday, February 18th will be given a $0.36 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.44 annualized dividend and a yield of 0.89%. Landstar System’s dividend payout ratio (DPR) is presently 26.09%.

Landstar System Profile

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.