Everpar Advisors LLC Makes New $338,000 Investment in Landstar System, Inc. (NASDAQ:LSTR)

Everpar Advisors LLC acquired a new position in shares of Landstar System, Inc. (NASDAQ:LSTR) during the 4th quarter, Holdings Channel.com reports. The firm acquired 1,746 shares of the transportation company’s stock, valued at approximately $338,000.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Landstar System by 1.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 3,560 shares of the transportation company’s stock valued at $630,000 after acquiring an additional 63 shares during the period. Valley Wealth Managers Inc. increased its holdings in shares of Landstar System by 5.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 1,386 shares of the transportation company’s stock valued at $245,000 after acquiring an additional 70 shares during the period. Treasurer of the State of North Carolina increased its holdings in shares of Landstar System by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 15,707 shares of the transportation company’s stock valued at $2,779,000 after acquiring an additional 80 shares during the period. Nilsine Partners LLC increased its holdings in shares of Landstar System by 3.3% in the 3rd quarter. Nilsine Partners LLC now owns 2,619 shares of the transportation company’s stock valued at $463,000 after acquiring an additional 84 shares during the period. Finally, Mariner LLC increased its holdings in shares of Landstar System by 0.9% in the 3rd quarter. Mariner LLC now owns 9,448 shares of the transportation company’s stock valued at $1,672,000 after acquiring an additional 87 shares during the period. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LSTR has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price objective on Landstar System from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. Susquehanna lowered their price objective on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. Benchmark reissued a “hold” rating on shares of Landstar System in a research report on Friday, April 26th. Wolfe Research raised Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 price objective for the company in a research report on Wednesday, January 10th. Finally, UBS Group raised their price objective on Landstar System from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Nine 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, the stock currently has a consensus rating of “Hold” and an average target price of $183.91.

Landstar System Stock Performance

LSTR traded down $1.96 on Wednesday, reaching $179.70. 255,046 shares of the stock were exchanged, compared to its average volume of 278,775. The company’s 50-day moving average price is $181.88 and its 200 day moving average price is $183.62. Landstar System, Inc. has a fifty-two week low of $161.13 and a fifty-two week high of $208.62. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.22 and a quick ratio of 2.00. The firm has a market capitalization of $6.43 billion, a PE ratio of 27.65, a PEG ratio of 4.91 and a beta of 0.86.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.04. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Landstar System had a return on equity of 23.11% and a net margin of 4.63%. As a group, sell-side analysts forecast that Landstar System, Inc. will post 6.49 EPS for the current fiscal year.

Landstar System Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Wednesday, May 8th will be issued a $0.33 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $1.32 annualized dividend and a dividend yield of 0.73%. Landstar System’s dividend payout ratio (DPR) is presently 20.31%.

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.