Impact Capital Partners LLC Purchases New Position in Landstar System, Inc. (NASDAQ:LSTR)

Impact Capital Partners LLC acquired a new stake in Landstar System, Inc. (NASDAQ:LSTR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,138 shares of the transportation company’s stock, valued at approximately $711,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its stake in Landstar System by 4.5% in the fourth quarter. HighTower Advisors LLC now owns 12,343 shares of the transportation company’s stock valued at $2,121,000 after buying an additional 537 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Landstar System by 14.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,147 shares of the transportation company’s stock valued at $1,572,000 after buying an additional 1,157 shares during the last quarter. HM Payson & Co. purchased a new stake in Landstar System in the fourth quarter valued at approximately $26,000. Edgestream Partners L.P. raised its stake in shares of Landstar System by 22.9% during the fourth quarter. Edgestream Partners L.P. now owns 51,931 shares of the transportation company’s stock worth $8,925,000 after purchasing an additional 9,691 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its stake in shares of Landstar System by 8.6% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 4,243 shares of the transportation company’s stock worth $729,000 after purchasing an additional 336 shares during the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Landstar System Stock Down 0.9 %

LSTR opened at $150.75 on Thursday. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. The firm has a market cap of $5.32 billion, a P/E ratio of 27.31 and a beta of 0.82. Landstar System, Inc. has a 52 week low of $148.27 and a 52 week high of $196.86. The business’s fifty day simple moving average is $164.70 and its 200 day simple moving average is $176.41.

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

Landstar System Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a yield of 0.96%. Landstar System’s dividend payout ratio (DPR) is presently 26.09%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on LSTR shares. Raymond James cut Landstar System from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Benchmark reiterated a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. JPMorgan Chase & Co. cut their price objective on Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Finally, Stifel Nicolaus increased their price objective on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating and eleven have given a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $170.40.

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.