Landstar System, Inc. (NASDAQ:LSTR) Shares Bought by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. raised its position in Landstar System, Inc. (NASDAQ:LSTR) by 16.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,591 shares of the transportation company’s stock after purchasing an additional 952 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Landstar System were worth $1,161,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Creative Planning increased its stake in Landstar System by 18.2% during the 2nd quarter. Creative Planning now owns 4,285 shares of the transportation company’s stock worth $790,000 after buying an additional 659 shares during the period. Sanctuary Advisors LLC purchased a new stake in Landstar System during the 2nd quarter worth approximately $946,000. SG Americas Securities LLC increased its stake in Landstar System by 119.0% during the 3rd quarter. SG Americas Securities LLC now owns 3,528 shares of the transportation company’s stock worth $666,000 after buying an additional 1,917 shares during the period. Handelsbanken Fonder AB increased its stake in Landstar System by 29.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 9,744 shares of the transportation company’s stock worth $1,840,000 after buying an additional 2,200 shares during the period. Finally, GAMMA Investing LLC increased its stake in Landstar System by 14.1% during the 3rd quarter. GAMMA Investing LLC now owns 568 shares of the transportation company’s stock worth $107,000 after buying an additional 70 shares during the period. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LSTR has been the topic of several recent research reports. JPMorgan Chase & Co. cut their target price on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. The Goldman Sachs Group dropped their price objective on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating on the stock in a research report on Wednesday, October 9th. UBS Group increased their price objective on shares of Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Stifel Nicolaus increased their price objective on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Stephens dropped their price objective on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $170.40.

Landstar System Trading Down 0.1 %

Shares of Landstar System stock opened at $162.70 on Wednesday. The company has a fifty day simple moving average of $176.15 and a 200-day simple moving average of $181.64. Landstar System, Inc. has a 12-month low of $159.87 and a 12-month high of $196.86. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of 29.47 and a beta of 0.83.

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 return on equity of 19.56% and a net margin of 4.07%. On average, equities analysts forecast that Landstar System, Inc. will post 6.42 EPS for the current fiscal year.

Landstar System Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Tuesday, February 18th. Landstar System’s dividend payout ratio is currently 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.