Quantum Private Wealth LLC Buys 182 Shares of Landstar System, Inc. (NASDAQ:LSTR)

Quantum Private Wealth LLC boosted its position in Landstar System, Inc. (NASDAQ:LSTR) by 15.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,324 shares of the transportation company’s stock after acquiring an additional 182 shares during the quarter. Quantum Private Wealth LLC’s holdings in Landstar System were worth $228,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in LSTR. Rhumbline Advisers increased its position in shares of Landstar System by 1.7% during the 4th quarter. Rhumbline Advisers now owns 115,384 shares of the transportation company’s stock valued at $19,830,000 after purchasing an additional 1,964 shares during the last quarter. Van ECK Associates Corp grew its position in Landstar System by 26.6% during the fourth quarter. Van ECK Associates Corp now owns 31,836 shares of the transportation company’s stock valued at $5,471,000 after acquiring an additional 6,680 shares during the last quarter. Portfolio Design Labs LLC raised its stake in shares of Landstar System by 41.7% during the fourth quarter. Portfolio Design Labs LLC now owns 10,361 shares of the transportation company’s stock worth $1,781,000 after acquiring an additional 3,048 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Landstar System by 44.9% during the fourth quarter. Empowered Funds LLC now owns 3,389 shares of the transportation company’s stock worth $582,000 after acquiring an additional 1,050 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its holdings in shares of Landstar System by 21.1% in the 4th quarter. Apollon Wealth Management LLC now owns 3,600 shares of the transportation company’s stock worth $619,000 after acquiring an additional 628 shares during the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Landstar System Price Performance

LSTR opened at $161.80 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96. The stock has a market capitalization of $5.72 billion, a PE ratio of 29.31 and a beta of 0.83. The stock’s 50 day moving average price is $172.19 and its 200-day moving average price is $180.13. Landstar System, Inc. has a 52-week low of $157.99 and a 52-week high of $196.86.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. On average, equities research analysts predict that Landstar System, Inc. will post 6.2 EPS for the current year.

Landstar System Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.44 annualized dividend and a yield of 0.89%. Landstar System’s dividend payout ratio (DPR) is presently 26.09%.

Analyst Upgrades and Downgrades

Several research firms recently commented on LSTR. TD Cowen decreased their target price on shares of Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Stephens decreased their price objective on Landstar System from $190.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. Raymond James cut Landstar System from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their price objective on Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $170.40.

Landstar System Company 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.