Larson Financial Group LLC Purchases 217 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Larson Financial Group LLC boosted its stake in Landstar System, Inc. (NASDAQ:LSTR) by 77.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 496 shares of the transportation company’s stock after purchasing an additional 217 shares during the quarter. Larson Financial Group LLC’s holdings in Landstar System were worth $96,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Invesco Ltd. boosted its stake in Landstar System by 55.1% in the 3rd quarter. Invesco Ltd. now owns 417,932 shares of the transportation company’s stock worth $73,949,000 after purchasing an additional 148,490 shares during the period. AQR Capital Management LLC boosted its stake in Landstar System by 2.9% in the 3rd quarter. AQR Capital Management LLC now owns 383,916 shares of the transportation company’s stock worth $67,930,000 after purchasing an additional 10,753 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Landstar System by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 339,585 shares of the transportation company’s stock worth $60,086,000 after purchasing an additional 9,846 shares during the period. Royal Bank of Canada boosted its stake in Landstar System by 6.3% in the 3rd quarter. Royal Bank of Canada now owns 335,747 shares of the transportation company’s stock worth $59,407,000 after purchasing an additional 19,920 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in Landstar System by 4.3% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 277,741 shares of the transportation company’s stock worth $53,784,000 after purchasing an additional 11,370 shares during the period. Institutional investors own 97.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on LSTR shares. Wolfe Research upgraded Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 target price for the company in a research note on Wednesday, January 10th. Stifel Nicolaus lowered their price target on Landstar System from $171.00 to $166.00 and set a “hold” rating on the stock in a report on Friday, February 2nd. UBS Group raised their price target on Landstar System from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. Wells Fargo & Company raised their price target on Landstar System from $165.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. Finally, Susquehanna lowered their price target on Landstar System from $170.00 to $165.00 and set a “neutral” rating on the stock in a report on Monday, March 25th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $184.55.

Insider Buying and Selling

In related news, VP Michael K. Kneller sold 12,219 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the transaction, the vice president now directly owns 61,127 shares in the company, valued at approximately $11,632,468.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Landstar System Stock Performance

Shares of NASDAQ LSTR opened at $177.43 on Friday. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 27.30, a P/E/G ratio of 4.51 and a beta of 0.83. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.04. Landstar System, Inc. has a 1-year low of $161.13 and a 1-year high of $208.62. The stock’s 50-day moving average is $184.66 and its 200 day moving average is $183.48.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.04. Landstar System had a return on equity of 23.17% and a net margin of 4.63%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.12 billion. On average, sell-side analysts anticipate that Landstar System, Inc. will post 6.71 EPS for the current fiscal year.

Landstar System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Wednesday, May 8th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $1.32 annualized dividend and a yield of 0.74%. Landstar System’s payout ratio is 20.31%.

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.