1,498 Shares in Landstar System, Inc. (NASDAQ:LSTR) Purchased by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC acquired a new position in shares of Landstar System, Inc. (NASDAQ:LSTR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,498 shares of the transportation company’s stock, valued at approximately $290,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LSTR. Larson Financial Group LLC purchased a new stake in Landstar System during the 3rd quarter worth about $49,000. First Capital Advisors Group LLC. purchased a new stake in Landstar System during the 2nd quarter worth about $59,000. Belpointe Asset Management LLC increased its position in Landstar System by 150.7% during the 1st quarter. Belpointe Asset Management LLC now owns 356 shares of the transportation company’s stock worth $64,000 after purchasing an additional 214 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in Landstar System by 126.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 565 shares of the transportation company’s stock valued at $100,000 after buying an additional 315 shares during the period. Finally, Impact Partnership Wealth LLC purchased a new stake in Landstar System in the 3rd quarter valued at about $108,000. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Analyst Upgrades and Downgrades

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

Landstar System Stock Down 3.5 %

NASDAQ LSTR opened at $168.03 on Thursday. The stock has a market cap of $6.01 billion, a PE ratio of 22.86, a P/E/G ratio of 4.59 and a beta of 0.83. Landstar System, Inc. has a fifty-two week low of $161.13 and a fifty-two week high of $208.62. The business has a 50 day moving average price of $187.71 and a two-hundred day moving average price of $183.80. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.04.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, January 31st. The transportation company reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.01). The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Landstar System had a return on equity of 26.73% and a net margin of 4.99%. As a group, sell-side analysts predict that Landstar System, Inc. will post 6.71 EPS for the current fiscal year.

Landstar System Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Monday, February 12th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Friday, February 9th. Landstar System’s dividend payout ratio is presently 17.96%.

Insider Activity

In other news, VP Michael K. Kneller sold 12,219 shares of the 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 completion of 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 document filed with the SEC, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

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.