HM Payson & Co. Invests $26,000 in Landstar System, Inc. (NASDAQ:LSTR)

HM Payson & Co. bought a new stake in Landstar System, Inc. (NASDAQ:LSTR) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 150 shares of the transportation company’s stock, valued at approximately $26,000.

Several other institutional investors have also recently bought and sold shares of the company. Verition Fund Management LLC boosted 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 buying an additional 12,931 shares during the last quarter. ING Groep NV bought a new stake in Landstar System during the third quarter worth about $1,228,000. Point72 Asia Singapore Pte. Ltd. grew its stake in Landstar System by 419.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,682 shares of the transportation company’s stock valued at $695,000 after purchasing an additional 2,973 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Landstar System by 3,775.2% in the third quarter. Thrivent Financial for Lutherans now owns 334,853 shares of the transportation company’s stock valued at $63,243,000 after purchasing an additional 326,212 shares in the last quarter. Finally, FMR LLC increased its position in shares of Landstar System by 8.6% during the 3rd quarter. FMR LLC now owns 162,222 shares of the transportation company’s stock worth $30,639,000 after purchasing an additional 12,894 shares during the last quarter. Institutional investors own 97.95% of the company’s stock.

Wall Street Analysts Forecast Growth

LSTR has been the subject of several recent analyst reports. 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 report on Thursday, January 30th. Raymond James lowered shares of Landstar System from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a report on Friday, January 31st. Finally, Stifel Nicolaus lifted their price target on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $170.40.

Landstar System Stock Performance

NASDAQ LSTR opened at $160.63 on Tuesday. The firm has a 50-day moving average price of $165.52 and a two-hundred day moving average price of $176.84. Landstar System, Inc. has a 12-month low of $152.64 and a 12-month high of $196.86. The company has a market capitalization of $5.67 billion, a P/E ratio of 29.10 and a beta of 0.82. The company has a quick ratio of 2.21, a current ratio of 1.96 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 (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. Analysts anticipate that Landstar System, Inc. will post 6.1 earnings per share for the current year.

Landstar System Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Tuesday, February 18th. Landstar System’s dividend payout ratio (DPR) 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.