Roberts Wealth Advisors LLC Raises Holdings in Landstar System, Inc. (NASDAQ:LSTR)

Roberts Wealth Advisors LLC boosted its stake in Landstar System, Inc. (NASDAQ:LSTR) by 1.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,616 shares of the transportation company’s stock after buying an additional 60 shares during the quarter. Roberts Wealth Advisors LLC’s holdings in Landstar System were worth $818,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Trust Co. of Vermont purchased a new stake in shares of Landstar System in the fourth quarter valued at $34,000. Harbor Capital Advisors Inc. raised its stake in Landstar System by 1.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 8,865 shares of the transportation company’s stock valued at $1,524,000 after purchasing an additional 114 shares during the last quarter. Fulton Bank N.A. lifted its holdings in Landstar System by 10.8% in the 4th quarter. Fulton Bank N.A. now owns 2,100 shares of the transportation company’s stock valued at $361,000 after purchasing an additional 204 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Landstar System by 28.1% during the 3rd quarter. Franklin Resources Inc. now owns 58,177 shares of the transportation company’s stock worth $11,000,000 after purchasing an additional 12,756 shares during the last quarter. Finally, Tidal Investments LLC grew its holdings in shares of Landstar System by 9.3% during the third quarter. Tidal Investments LLC now owns 10,053 shares of the transportation company’s stock worth $1,899,000 after buying an additional 857 shares in the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LSTR shares. The Goldman Sachs Group reduced their price objective on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. TD Cowen reduced their price target on Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on Landstar System from $184.00 to $188.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Evercore ISI dropped their target price on Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a research note on Wednesday, October 30th. Finally, Raymond James lowered Landstar System from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $171.45.

Landstar System Stock Performance

NASDAQ LSTR opened at $177.49 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.21 and a quick ratio of 2.21. Landstar System, Inc. has a 1-year low of $164.04 and a 1-year high of $200.43. The firm has a market capitalization of $6.27 billion, a P/E ratio of 30.44 and a beta of 0.83. The business’s 50-day simple moving average is $178.94 and its 200-day simple moving average is $182.39.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the firm earned $1.71 earnings per share. The company’s quarterly revenue was down 5.8% on a year-over-year basis. Equities analysts predict that Landstar System, Inc. will post 5.57 EPS for the current year.

Landstar System Increases Dividend

The business also recently declared a special dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were issued a $2.00 dividend. This is an increase from Landstar System’s previous special dividend of $1.50. The ex-dividend date of this dividend was Tuesday, January 7th. Landstar System’s dividend payout ratio is currently 24.70%.

Insider Buying and Selling at Landstar System

In other Landstar System news, CFO James P. Todd sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total value of $184,320.00. Following the completion of the sale, the chief financial officer now owns 14,083 shares of the company’s stock, valued at $2,595,778.56. This trade represents a 6.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is currently owned by corporate insiders.

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.